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Thickwood Lane, Colerne, Chippenham - Image 1
Thickwood Lane, Colerne, Chippenham - Image 2
Thickwood Lane, Colerne, Chippenham - Image 3
Thickwood Lane, Colerne, Chippenham - Image 4
Thickwood Lane, Colerne, Chippenham - Image 5

Thickwood Lane, Colerne, Chippenham

South West

£550,000
Listed on 30/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1022 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for renovation and investment, set against the stunning backdrop of Box Valley. The property requires significant updates, but its location on the edge of the Cotswolds—a designated Area of Outstanding Natural Beauty—affords it substantial potential for transformation into a contemporary family home. The entrance leads through a porch into a main hallway that branches off to three bedrooms, including a primary bedroom with built-in wardrobes. While the kitchen-dining area is spacious, it awaits modern touches, leading to a utility room that provides access to both a coal store and the front garden. The living room at the end of the hallway features expansive views and opens into a double-glazed conservatory, offering another vantage point to appreciate the picturesque surroundings. The exterior boasts a generous plot with a large front lawn bordered by mature trees and shrubs that enhance privacy from the road. This setback further allows for ample parking space. A side garden includes an apple tree and patio area, surrounded by hedges that offer additional seclusion. The back garden features vegetable and flower beds along with pathways ensuring accessibility around the property. Colerne is approximately seven miles from Bath, providing convenient access to amenities while still embracing a peaceful rural lifestyle. The village offers essential services such as pubs with quality dining options, local shops, and community events that foster camaraderie among residents. With excellent transport links including nearby rail stations to London and good road connections via the M4, this location is both accessible and desirable. This property presents an exciting chance for buyers looking to invest in an area rich in community spirit and natural beauty while creating their ideal living space amidst scenic landscapes. An internal viewing is highly encouraged to fully appreciate its potential beyond what photographs can convey.

Investment Analysis

(SN14 area)

Above Market Value

This property is priced +49.2% above area average per sq ft

+49.2%
This Property
£538/sq ft
Area Average
£361/sq ft
Avg Rent (weekly)
£338
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£405,443
10% above area average per sq ft
Potential ROI
-32.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (SN14)

Area prices are falling by +6.6% over the last 12 months
3 year growth: -8.1%
5 year growth: 7.2%
Investment Disclaimer: Analysis based on SN14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Thickwood Lane, Colerne, Chippenham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE