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See how verdicts work2-bedroom terraced house · IP24 2BP
Listing removedListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £102,000 Two bedroom terraced house requiring refurbishment works throughout, located in Thetford.
Located in the historic market town of Thetford, this two-bedroom terraced home presents an excellent opportunity for buyers looking to put their own stamp on a property.
Offering great potential for refurbishment and modernisation opportunity, it is ideal for first-time buyers, investors, or anyone seeking a project.
The property features a lounge, kitchen/diner, downstairs bathroom with two bedrooms on the first floor. The garden is a good size with patio area and to the front there is on road parking.
Thetford itself enjoys a superb position close to the Cambridgeshire and Suffolk borders, benefitting from strong road connections and convenient commuter access.
The town blends its rich heritage with thoughtful modern development.
The recently revitalised riverside area features a selection of restaurants, cinema, a hotel, and attractive public spaces, making it a lively hub for residents and visitors alike.
With its appealing location, strong community amenities, and clear potential for improvement, this property offers an exciting opportunity to create a comfortable home or rewarding investment in one of Norfolk’s most characterful market towns.
Open house dates Tuesday 25th Nov 11:00am to 11.30am Saturday 29th 11.30am Nov to 12.00am Wednesday 3rd Dec 1:30pm to 14:00pm Thursday 11th Dec 12.00pm to 12.30pm Please confirm you will be attending by contacting the office.
Council Tax Band A Tenure: Freehold EPC Rating: D Administration Fee: £1750 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1750 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 33 Magdalen Street, Thetford, Norfolk IP24 2BP
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