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The Meadows, Thetford, Norfolk, IP24 - Image 1
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The Meadows, Thetford, Norfolk, IP24

East of England

£300,000
Listed on 06/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1265 sqft

Description

This detached four-bedroom family residence is set within a desirable cul-de-sac at the town's edge, offering significant renovation potential for the discerning investor or homeowner. The property, which has been maintained in its original 1970s condition, presents an excellent opportunity for modernization and enhancement. It is available with no onward chain. The layout includes an inviting entrance hall that leads to various functional spaces such as a cloakroom, kitchen with breakfast bar and original cabinetry, spacious utility room, and a versatile boot room. The living area comprises an airy L-shaped sitting/dining room featuring an exposed brick fireplace (gas fire untested), benefiting from ample natural light through front and rear windows as well as French doors that open to a patio. Upstairs are four well-proportioned bedrooms; two doubles at the front—one with fitted wardrobes—and two additional rooms at the rear. The family bathroom retains a vintage suite that could be redesigned for modern taste. Outside, the property boasts a lengthy gravel driveway leading to an attached garage and an expansive lawned garden framed by mature trees and shrubs, providing a blank canvas for landscaping. This home is situated conveniently close to local amenities in Thetford, with excellent transport links by road and rail to neighbouring towns across Norfolk and Suffolk. It represents a sound investment opportunity in a growing area.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -8.3% below area average per sq ft

-8.3%
Potential saving
This Property
£237/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£277
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£359,842
10% above area average per sq ft
Potential ROI
+2.8%
After renovation
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

The Meadows, Thetford, Norfolk, IP24
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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
£1,070
Based on a loan of £225,000 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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