3-bedroom terraced house · IP24 2BN
Sold STCListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Exceptional Refurbishment Project - 3-Bedroom Terraced Cottage in Central Thetford For sale by Modern Method of Auction An exciting investment opportunity to acquire a characterful 3-bedroom period terraced property featuring a classic Norfolk flint and brick facade.
Situated in the heart of Thetford town centre, this home offers enormous potential for investors, builders, or seasoned renovators looking to add significant value through a full refurbishment program Spanning approximately 837 sq.
ft (77.8 sq.
m) across two main levels plus a lower-ground cellar, the property offers a blank canvas with a flexible layout, period features, and a private rear yard Agent's Note Renovation Required: This property requires extensive internal and structural refurbishment works throughout, including full clearance, plastering, re-wiring, modern heating installation, roof/ceiling repairs, and new fixtures.
Recommended for cash buyers, experienced developers, or seasoned DIY enthusiasts.
The property will be sold as is, and the responsibility for clearing the property will lie with the buyer Auctioneer's Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period").
Interested parties' personal data will be shared with the Auctioneer (iamsold) If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack, which you must view before bidding The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land Tax Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Payment varies but will be no more than £450.00.
These services are optional The property is currently going through the process of Probate, which has been applied for, and the Auction will run with the sale completing once Probate has been granted Property information: Construction Type: Period property, standard construction, flint frontage Sources of Heating: Electric heating Sources of Electricity supply: Mains supply Sources of Water Supply: Mains supply Primary Arrangement for Sewerage: Mains supply Broadband Connection: See media Mobile Signal/Coverage: See media Parking: On street Building Safety: No issues Listed Property: Possible collective listing assets adjacent Restrictions: None Private Rights of Way: None Public Rights of Way: None Flooded in Last 5 Years: No Flood Defences: No Entrance Location: Ground floor Accessibility Measures: None Located on a coalfield: No Other Mining Related Activities: No Living Room 4.11m x 3.61m - 13'6" x 11'10" Kitchen 3.89m x 3.45m - 12'9" x 11'4" Cellar Bathroom 2.48m x 2.29m - 8'2" x 7'6" Bedroom 1 5.32m x 2.63m - 17'5" x 8'8" Bedroom 2 3.2m x 5.15m - 10'6" x 16'11" Bedroom 3 3.45m x 2.76m - 11'4" x 9'1"
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors 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 Magdalen Street, Thetford
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