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Raymond Street, Thetford

East of England

£370,000Guide Price

Listed on 03/07/2026

Property details

Bedrooms
7
Type
Detached

Description

This detached Grade II listed property, located centrally in Thetford, presents a compelling investment opportunity with full planning permission for conversion into residential use. Previously utilized as student accommodation, the house features a versatile layout spread across three floors. It boasts five en-suite bedrooms in the main building and two additional en-suite bedrooms in the rear annexe. Current amenities on the ground floor include a lounge, kitchen, and utility spaces, along with staff rooms that could be repurposed to enhance residential functionality. This property is ideal for those looking to invest in a house of multiple occupation or transform it into a guesthouse, capitalizing on its prime location near local shops and transport links. Given its heritage status and inherent character, potential buyers will find significant value in updating and refurbishing this space to meet modern living standards.

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Investment analysis

(IP24 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£248
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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
15%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -4.2% over the last 12 months
3 year growth: -8.1%
5 year growth: +4.0%
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

Raymond Street, Thetford
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,398
Based on a loan of £277,500 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

Next Steps

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