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241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 1
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 2
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 3
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 4
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 5
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 6
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 7
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 8
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 9
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 10
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 11
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 12
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 13
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 14
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 15
241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU - Image 16

241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU

East of England

£160,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
796 sqft

Description

This detached three-bedroom bungalow presents a promising renovation project in a quiet cul-de-sac setting, just a mile from the town centre. Spanning approximately 74 sq/m, the property features double glazing and central heating, set on a generous 0.1-acre corner plot that enhances its potential for outdoor improvements. Previously a rental property with an income of £750 per month, it has been owned by the same family since its construction in 1986 and is now available for immediate occupancy. While it holds some appealing attributes, the bungalow requires modern updates and enhancements to fully unlock its investment potential. The layout includes an entrance hall, three bedrooms, a kitchen, bathroom, WC, and a living/dining room, along with gardens at both the front and rear and an attached garage. This offers an excellent opportunity for buyers looking to create their ideal home or investors aiming to increase value through refurbishment.

Investment Analysis

(IP25 area)

Below Market Value

This property is priced -23.8% below area average per sq ft

-23.8%
Potential saving
This Property
£201/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£230,852
10% above area average per sq ft
Potential ROI
+18.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by -8.8% over the last 12 months
3 year growth: -8.3%
5 year growth: +5.2%
Investment Disclaimer: Analysis based on IP25 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

241 Lovell Gardens, Watton, Thetford, Norfolk IP25 6TU
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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
£571
Based on a loan of £120,000 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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