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See how verdicts workHouse · IP24 3DE
Listing removedListed 123 daysAuction 29 Jul · ended
Opportunity summary
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About
For sale by auction on Wednesday, 29 Jul 2026 at 10:00 Venue: Livestream Auction An exceptional opportunity to acquire a historic former church with the benefit of full planning permission for conversion into five residential dwellings, situated on 0.97 acres (stms) The Church of St Mary the Less sits on a site size of 0.97acres (stms) and comprises the church building together with the surrounding churchyard.
The property is bounded by Bury Road to the north and east, residential properties to the south, and St Mary's Court to the west, from where the proposed vehicular access is to be taken.
This is a rare opportunity to acquire a landmark building with planning consent in place, offering significant potential to create a unique residential development within an attractive and established setting.
Planning details Planning permission and listed building consent were granted in late 2024 to convert the historic Grade II* listed St Mary the Less Church into five separate residences.
The approved project retains the main structural fabric and architectural features of the medieval building. Planning permissions under references 3PL/2024/0004/F and 3PL/2024/0005/lb.
History The Church of St Mary the Less, with origins dating back to the 11th century, is a building of considerable historic significance.
The majority of the existing structure dates from the 14th century, with substantial rebuilding undertaken during the 19th century.
Additional Fees Buyers Premium: £1200 inc VAT payable on exchange of contracts. Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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About St Mary The Less Church, Thetford
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