3-bedroom terraced house · IP24 1DP
Sold STCListed 451 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Are you searching for a property to add to your investment portfolio? This three bedroom mid terraced home is being offered for sale with a tenant in situ.
Situation Location - Chilterns are pleased to bring this three bedroom mid terraced house to the market which is situated on the Abbey development in Thetford.
The property would make an ideal investment purchase and is being offered for sale with a tenant in situ with no onward chain!
Thetford is situated in the south of Norfolk, in close proximity to the county border with Suffolk.
By road it is 33.8 miles (54.4 km) northeast of Cambridge and 30.7 miles (49.4 km) southwest of Norwich. It lies on the River Little Ouse.
On the western side of Thetford is Thetford Forest, which is heavily forested with pine trees. Brettenham Heath National Nature Reserve is to the northeast, near the hamlet of Roudham.
To the southeast of Thetford is Nunnery Lakes Nature Reserve, covering about 200 acres, with Breckland heath, woodland, fen and open water habitats and 2 kilometres (1.2 mi) of paths.
The town is well served and includes a mainline railway station with easy access to London, The Midlands and The North.
There are the usual town centre amenities and there is a sports centre complex with swimming pool.
Located within the Brecks and with easy access to the surrounding beautiful pine forests Thetford is well located for a range of outdoor activities.
There is also a range of primary schools within the town, private school (Thetford Grammar) and secondary/sixth form (Thetford Academy).
Entrance Hall - Sealed unit entrance door to front, stairs leading to first floor landing, doors to ground floor accommodation, carpet flooring, radiator.
Cloakroom - Two piece suite comprising; WC, wall mounted wash basin with tiled splash backs, vinyl flooring, UPVC double glazed window to front.
Kitchen/Diner - Fitted with a range of base and wall mounted kitchen units with rolled edge work surfaces over, incorporating stainless steel sink unit.
Space for fridge freezer, plumbing for washing machine, oven, four ring gas hob with extractor canopy over, space for dining table and chairs, vinyl flooring, UPVC double glazed window to front.
Lounge - Laminate flooring, UPVC double glazed French style doors, radiator. First Floor Landing - Doors to first floor accommodation, storage cupboard, access to loft space, laminate flooring.
Bedroom One - Laminate flooring, UPVC double glazed window to rear, radiator. Bedroom Two - Laminate flooring, UPVC double glazed window to front, radiator.
Bedroom Three - Laminate flooring, UPVC double glazed window to rear, radiator.
Bathroom - Three piece suite comprising; WC, pedestal wash basin, panelled bath with mixer fed shower attachment, fully tiled walls, vinyl flooring, UPVC double glazed window to front, heated towel rail.
Outside - The low maintenance front garden is a fully enclosed by picket fencing with brick built store. To the rear of the property there is a fully enclosed rear garden with brick built store.
Services - We believe main services including electricity, gas central heating, water and drainage are connected to the property. Council Tax - Band A. Epc - EPC C.
Value & comps
No previous sales on record.
Returns
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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 Ely Way, Thetford
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