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Fir Road, Thetford IP24 - Image 1
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Fir Road, Thetford IP24

East of England

£190,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1066 sqft

Description

This three-bedroom mid-terraced house presents a solid investment opportunity, conveniently located for quick access to the A11 and within reach of local amenities as well as the picturesque countryside. The property is offered chain-free, providing flexibility for potential buyers. An extension at the rear has already added valuable living space suitable for both families and professionals. The layout features a bright lounge, separate dining area, and a practical downstairs shower room, all of which are in need of modern updates that would allow you to tailor the home to your design preferences. Each bedroom is generously sized, making it an ideal canvas for renovation while the kitchen offers practical storage and workspace options. With rooms like these, there is potential to enhance functionality and aesthetics significantly, creating a welcoming environment that meets contemporary living standards.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -31.4% below area average per sq ft

-31.4%
Potential saving
This Property
£178/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£304,876
10% above area average per sq ft
Potential ROI
+35.5%
After renovation
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

Fir Road, Thetford IP24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 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.

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