4, Raymond Street, THETFORD, Norfolk, IP24 2EA

Description

An opportunity to acquire detached Grade II listed house situated in the heart of Thetford town centre. The property has been student accommodation for several years, which has been regularly maintained and inspected and has now been granted change of use to full residential by Breckland District Council reference PL/2026/0671/FMIN. The current accommodation is arranged over three floors and offers five bedrooms all with en-suite facilities in the main building, plus two further bedrooms also en-suite to the annexe at the rear of the main house. The ground floor accommodation currently offers reception lounge, kitchen, staff rooms and sick rooms also with en-suite and cloakrooms. This property would make an ideal investment purchase as a house of multiple occupation or Guest House. Located in the heart of Thetford where a variety of high street shops, banks, business and leisure facilities may be found and the train station providing a link to London Liverpool Street Station. The A11 provides road links to Norwich, Newmarket, Cambridge and beyond. Current Accommodation: Ground Floor: Entrance hall, stairs to first floor, lounge, kitchen, utility room, staff room with en-suite shower room, sick room, separate w.c, office with door to: Annexe: Hallway to first floor, staff room, storeroom, further reception room. First Floor: Landing, three bedrooms all en-suite. Annexe: two bedrooms with en-suite. Second Floor: Landing two bedrooms both with en-suite. Exterior: Gated vehicular access to driveway, enclosed courtyard to side and rear. EPC: Exempt Council Tax: TBC

Location

Property located at 4, Raymond Street, THETFORD, Norfolk, IP24 2EA.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆