2-bedroom terraced house · IP24 2HY
Sold STCListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a convenient town centre location, this recently redecorated two-bedroom mid-terraced home offers a fantastic opportunity for first-time buyers or investors.
With no chain and vacant possession, the property benefits from new individually and thermostatically controlled electric heating, double glazing, and allocated parking.
A lawned garden to the front, bordered by railings, leads to a storm porch entrance and into the hallway, which has stairs to the first floor.
The lounge is located at the front and features carpet flooring, offering ample space for seating and a media area.
The kitchen/dining room at the rear is fitted with modern white units and stainless steel fixtures, including an electric oven, hob, and extractor fan.
The sink is positioned beneath the rear-facing window overlooking the garden. There is space for a freestanding fridge/freezer and plumbing for a washing machine.
A particularly useful deep understairs storage cupboard is also found in this space. Upstairs, the landing provides loft access and doors to all first-floor rooms.
The principal bedroom is a generous double with an airing cupboard housing the hot water cylinder, as well as an over-stairs wardrobe cupboard with shelving.
The second bedroom is a good-sized single with a rear-facing window.
The bathroom has been updated to a modern three-piece suite with a dual-flush WC, pedestal wash basin, panel bath with mixer riser, heated towel rail, and extractor fan.
A door leads directly into the rear garden from the kitchen, which has a small paved patio area and a lawn, with a pathway to the rear gate giving access to the allocated parking.
Offered with no chain, allocated parking, and a low-maintenance rear garden, this property represents an ideal opportunity to move straight in or create a personal home in a central location.
Anti-Money Laundering Regulations We are obliged under the Government’s Money Laundering Regulations 2019, which require us to confirm the identity of all potential buyers who have had their offer accepted on a property.
To do so, we have partnered with Lifetime Legal, a third-party service provider who will reach out to you at an agreed-upon time.
They will require the full name(s), date(s) of birth and current address of all buyers - it would be useful for you to have your driving licence and passport ready when receiving this call.
Please note that there is a fee of £65 (inclusive of VAT) for this service, payable directly to Lifetime Legal.
Once the checks are complete, and our Condition of Sale Agreement has been signed, we will be able to issue a Memorandum of Sale to proceed with the transaction.
EPC Rating: D Living room 3.0m x 4.04m Kitchen/Dining room 3.96m x 2.44m Principal bedroom 3.02m x 3.61m Bedroom two 1.96m x 2.95m Front Garden 4.27m x 7.71m Rear Garden 4.27m x 7.71m Parking - Allocated parking
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Grove Lane, Thetford, IP24
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