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College Road, Thompson, Thetford, Norfolk, IP24 - Image 1
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College Road, Thompson, Thetford, Norfolk, IP24

East of England

£525,000

Listed on 09/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
2753 sqft

Description

Old Pastures is a charming Grade II listed thatched cottage, dating back to 1675, set within approximately 1.5 acres of beautifully established grounds. This property boasts a wealth of period charm and offers flexible accommodation with exciting potential for further enhancement, allowing the new owner to tailor the home to their own specifications. Character features abound, complemented by generous reception spaces and a versatile layout, all nestled in a picturesque rural setting. The ground floor features a rustic kitchen/breakfast room, a light-filled sitting room centered around a wood-burning stove, and a snug that serves as an ideal study or playroom. A formal dining room overlooks the rear garden, while an additional office space with independent access is perfect for those working from home. The ground floor also includes a utility room and a convenient shower room. Upstairs, the first floor is accessed via two separate staircases, enhancing the property's unique character. It comprises three well-proportioned double bedrooms, including one with an en-suite, and a family bathroom. Original features such as exposed beams and period detailing are present throughout, along with considerable potential for further improvement. Outside, the property is surrounded by idyllic countryside, featuring mature gardens that provide ample space for outdoor entertaining and family enjoyment. A gently sloping driveway offers off-road parking and leads to useful outbuildings for storage. This property presents a rare opportunity to acquire a historic home with significant potential in a tranquil setting.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

60out of 100
Grade CPotential opportunity

Confidence: LOW

Old Pastures is a charming Grade II listed thatched cottage dating back to 1675, set within approximately 1.5 acres of beautifully established grounds. The property boasts period character throughout, featuring exposed beams and a wood-burning stove, making it an inviting space with significant potential for enhancement. While the kitchen and bathroom are functional, both are in need of modernisation, providing a perfect canvas for a new owner to tailor the home to their specifications. With an asking price of £525,000, this property is positioned at £191/sqf, which is notably below the local average of £259/sqf, presenting an exceptional opportunity to acquire a piece of history at a bargain price.

The living spaces, while charming, show signs of wear that reflect the need for updating, but the generous layout allows for flexibility in creating a more contemporary feel. The mature garden adds to the appeal, although it does require maintenance. Overall, Old Pastures is not just a home but a project with the promise of value creation, appealing to those eager to bring their vision to life within a picturesque rural setting.

Key opportunities

  • Scope for modernising the kitchen and bathroom to enhance functionality and style.
  • Potential to create a stunning outdoor space in the 1.5-acre garden.
  • Ample flexible living space allows for various configurations to suit personal needs.

Key risks

  • General wear and need for modernisation observed throughout the property.

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Map

Location

College Road, Thompson, Thetford, Norfolk, IP24
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,983
Based on a loan of £393,750 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.

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