Acuitus · 29 Oct 2026 · in 10 days
Freehold Specialist Care Investment
Woodlands Residential Home, Elm Road, Thetford, Norfolk, IP24 3HL · East of England
LiveLandFreeholdLet
- Guide
- £800,000
- Rent a year
- £73,268
- Yield on the guide
- 9.2%
- Payback
- 11 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- B
- Size
- 4,112 sq ft£17.82 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
B from the government EPC register, lodged 2 Nov 2023 (certificate 6303-7537-6622-0590-1996). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Acuitus' record
Acuitus' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold land lot in Elm Road. Producing £73,268 a year, a 9.2% gross yield at the guide.
Freehold Specialist Care Investment. Entirely Let to Royal Mencap Society until 2035 (No breaks). Annual CPI linked rent reviews, 1% and 4% cap and collar. Tenant option to renew for a further 20 years (2). Comprises a recently refurbished self contained building with 8 individual suites. Total floor area of 382.02 sq. m. (4,112 sq. ft.). Site area of 0.09 Ha (0.23 Acres). Future residential development potential (subject to consents). VAT-free investment. The property comprises a purpose built self-contained care home with 8 bedrooms. The property is situated on the north side of Elm Road in a well established residential area approximately 1 mile south-east of Thetford town centre. The immediate surrounding area is predominantly residential, with the wider commercial and leisure amenities of the town in close proximity. The property also benefits from good road communications, with the A11 and the M11 to the south-west both readily accessible, whilst Thetford Railway Station is approximately 1.2 miles from the property. Tenure: Freehold. Rent: £73,268 per Annum Exclusive
Figures come from Acuitus' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.