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Canons Close, Thetford

East of England

£250,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Detached
Area
896 sqft

Description

This detached family home presents a promising investment opportunity in a sought-after area of Thetford, perfect for those looking to personalize their living space. It features three spacious bedrooms, a garage, and a driveway, all situated on a generous plot with ample outdoor space. The interior is inviting but could benefit from modernization throughout, allowing you to remodel the kitchen and bathroom to match your vision. The property stands out with its appealing curb appeal and offers practical benefits such as off-road parking and additional storage in the garage. The layout includes a bright lounge and versatile dining room, perfect for family gatherings or entertaining guests. Upstairs, the well-sized bedrooms provide comfort for growing families or potential tenants. With proximity to the town centre and excellent schools, this home is not just about living convenience; it’s also an attractive option for first-time buyers or investors seeking to increase property value through thoughtful renovations.

Investment analysis

(IP24 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£279/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£248
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£255,665
10% above area average per sq ft
Potential ROI
-8.7%
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
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

Canons Close, 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
£944
Based on a loan of £187,500 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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