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Malts Lane, Hockwold, Thetford

East of England

£290,000

Listed on 27/06/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
904 sqft

Description

This detached bungalow, situated in the desirable village of Hockwold, offers a significant opportunity for those looking to invest in a property with substantial potential. The residence boasts a spacious in-and-out driveway providing plentiful off-road parking for multiple vehicles, along with the added convenience of a garage that could serve as secure storage or a workshop. Internally, the home has been freshly painted and awaits new flooring, presenting an excellent chance for the new owner to customize it according to their taste. The layout includes three well-sized bedrooms, including a principal suite with built-in wardrobes. A family bathroom is conveniently located at the rear of the property. The fitted kitchen flows into a sunny living area, fostering a welcoming environment that connects seamlessly to the outdoor space. A highlight of this property is its expansive, non-overlooked rear garden, extending approximately 28 meters, which offers privacy and ample space for gardening enthusiasts or outdoor gatherings. This garden comes equipped with a shed and greenhouse. With such an extensive plot, there is remarkable potential for expansion—whether through extending the current structure or considering loft conversions—subject to necessary planning permission and regulations. This presents a valuable opportunity for buyers looking to create their ideal long-term family home tailored to personal needs. Hockwold itself is an appealing village that balances tranquility with accessibility—close enough to local amenities and transport links while offering picturesque countryside views. Ideal for families seeking a peaceful lifestyle without sacrificing convenience.

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Investment analysis

(IP26 area)

Above Market Value

This property is priced +22.8% above area average per sq ft

+22.8%
This Property
£321/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£342
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£259,737
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (IP26)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -9.8%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on IP26 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

Malts Lane, Hockwold, Thetford
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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
£1,096
Based on a loan of £217,500 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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