Worst House on the Street Logo
Bury Road, Thetford IP24 - Image 1
Bury Road, Thetford IP24 - Image 2
Bury Road, Thetford IP24 - Image 3

Bury Road, Thetford IP24

East of England

£300,000
Listed on 16/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a rare opportunity to transform a historic church into five residential units, tapping into its rich heritage while addressing modern housing needs. The Church of St Mary the Less, with its origins dating back to the 11th century and significant portions constructed in the 14th century, boasts architectural features that reflect centuries of history, including a notable Norman doorway. Full planning permission has been secured, allowing for the conversion of this striking edifice into four three-bedroom homes and one two-bedroom home within the church tower. This project not only preserves the integrity of the existing structure but also enhances its value by contributing to local housing solutions. The church building and surrounding yard encompass approximately 0.97 acres, providing ample space for this redevelopment initiative. Located just a short walk from the bustling center of Thetford—a market town with numerous amenities—this property benefits from excellent transport links. Thetford Railway Station is within a 15-minute walking distance, offering direct services to Norwich and Cambridge. Additionally, access to major roads like the A11 facilitates easy commutes to regional hubs including Bury St Edmunds and Norwich. The site is currently well-screened by mature trees, providing a sense of privacy while offering potential for landscaping enhancements as part of the renovation process. Although some areas have become overgrown, this can be addressed during development to create attractive outdoor spaces for residents. Acquired in December 2014 by Freeman Historic Properties Ltd., an organization dedicated to restoring historically significant buildings, initial repair work has already been undertaken on key structural components such as the roof and tower. With full planning approval obtained in November 2024, this project stands ready for a motivated investor or developer eager to breathe new life into this time-honored structure. This property not only offers unique residential opportunities but also represents an investment in preserving local history while satisfying contemporary housing demand. Further details regarding planning specifics and technical information are available upon request for interested parties looking to explore this compelling venture further.

Investment Analysis

(IP24 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -7.5%
5 year growth: 13.8%
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

Bury Road, Thetford IP24
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE