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Norwich Road, Thetford

East of England

£150,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This mid-terraced property, located centrally in Thetford, offers a promising opportunity for renovation enthusiasts or investors looking to add value. Featuring three spacious bedrooms and two reception rooms, this home is characterized by its traditional layout and generous outdoor space, highlighted by a sizable rear garden mainly composed of lawn, along with a useful timber shed for additional storage. While the interior requires modern updating throughout—making it a blank canvas for personal touches—the existing gas-fired central heating system ensures comfort during colder months. The property benefits from connections to all mains services, streamlining the transition into your renovation project. Its prime location provides easy access to local amenities, transport links, and schools. With no onward chain, this house is ready for a new owner to revitalize it into a vibrant family home or rental investment.

Investment Analysis

(IP24 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£277
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -8.1%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on IP24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Norwich Road, Thetford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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