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Shropham Road, Great Hockham, THETFORD

East of England

£225,000

Listed on 25/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
843 sqft

Description

Nestled in the tranquil village of Great Hockham, this detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Comprising three bedrooms and set on a generous plot, this home benefits from ample off-street parking and a garage, making it ideal for future expansion or creative remodelling. The location offers the serene charm of countryside living while maintaining convenient access to local amenities in Thetford, including schools and supermarkets, as well as direct rail links to Cambridge and Norwich. This balance between rural peace and practicality enhances the property's appeal. Although the bungalow is currently being sold chain-free, it requires comprehensive renovation throughout. This presents an exciting blank canvas for the next homeowner to modernise and adapt the space according to their personal vision. Inside, you'll find a spacious front lounge that welcomes ample natural light, alongside a kitchen that provides dining space with access to the rear garden—ideal for creating an open-plan layout if desired. Three well-sized bedrooms are complemented by a family bathroom that also requires refurbishment. The outdoor area offers further possibilities; with thoughtful design, it could transform into a beautiful garden retreat perfect for entertaining or relaxation amidst the scenic backdrop of surrounding countryside. This property truly has all the elements needed for customization into a delightful home or investment.

Investment Analysis

(IP24 area)

Above Market Value

This property is priced +3.2% above area average per sq ft

+3.2%
This Property
£267/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£277
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£239,800
10% above area average per sq ft
Potential ROI
-12.8%
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

Shropham Road, Great Hockham, 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
£803
Based on a loan of £168,750 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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