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Honeysuckle Close, Thetford IP24

East of England

£280,000

Listed on 22/06/2026

Property details

Bedrooms
3
Type
Detached
Area
840 sqft

Description

Situated in a desirable neighborhood of Thetford, this detached home presents a remarkable investment opportunity for those looking to create their ideal family residence. With its proximity to the town center and convenient access to local amenities, schools, and transport links to Cambridge and Norwich, the location is highly sought after by families. The property welcomes you with an inviting entrance hall that leads into a spacious open-plan living and dining area, perfect for both relaxation and entertainment. This versatile space flows into a functional kitchen, ready for modernization. At the rear, the conservatory adds extra room for leisure or family gatherings while offering lovely views of the expansive garden—a blank canvas awaiting your personal touch. Upstairs, three generously sized bedrooms alongside a family bathroom provide ample living space that can easily adapt to various needs—whether accommodating guests or setting up an office. The sizeable enclosed rear garden also holds significant potential for development, whether it be landscaping, creating outdoor entertainment areas, or even expanding the property footprint (subject to planning). While some improvements are necessary throughout the home, this property offers promising prospects for renovation enthusiasts or families eager to add value and make it their own.

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Investment analysis

(IP24 area)

Above Market Value

This property is priced +28.9% above area average per sq ft

+28.9%
This Property
£333/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£238,993
10% above area average per sq ft
Potential ROI
-25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.1%
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

Honeysuckle Close, Thetford IP24
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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
£1,058
Based on a loan of £210,000 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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