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Old Croxton Road, Thetford, IP24

East of England

£400,000

Listed on 29/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
2774 sqft

Description

This early 1900s home offers a unique blend of period charm and modern potential, making it an intriguing opportunity for those looking to invest in a family residence with room to grow. Its striking double-bay façade and spacious plot provide not only impressive curb appeal but also practical parking for up to six vehicles—an uncommon feature in central Thetford. The property has seen considerable development over the years, including a two-storey extension that enhances its living space. Upon entering, you'll find two spacious reception rooms at the front, each retaining traditional features while offering flexibility for various uses—ideal as a family room, quiet lounge, or even a dining area. The heart of the home features a generous kitchen and dining area designed for social gatherings; it includes integrated appliances and is thoughtfully connected to the main living areas. A separate utility room and cloakroom add to the home's practicality. One of its standout features is the garden room, which, with its panoramic windows and log burner, offers a cozy retreat in winter and an inviting space for summer entertaining. Upstairs accommodates five genuine double bedrooms—with fitted wardrobes—a rare find in such settings. The principal suite boasts an en-suite shower room while the family bathroom incorporates four pieces for added convenience. Although renovations were completed less than twenty years ago, there remains ample opportunity to modernize further and personalize the space. The expansive outdoor area spans approximately 0.17 acres, providing outdoor enjoyment amidst town center accessibility. Additionally, the presence of studio bungalows opens doors for diverse uses—be it as work-from-home spaces or guest accommodations (subject to necessary permissions). Overall, this property stands out as more than just another house; it's a versatile investment full of potential suited for larger families or those seeking additional space for hobbies or multi-generational living.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -44.3% below area average per sq ft

-44.3%
Potential saving
This Property
£144/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£789,245
10% above area average per sq ft
Potential ROI
+57.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.1%
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

Old Croxton Road, Thetford, IP24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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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