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Conway Crescent, Melksham

South West

£343,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1294 sqft

Description

This three-bedroom detached property is situated in a quiet cul-de-sac within the desirable Morgan estate, offering a prime opportunity for renovation and investment. The home features a welcoming entrance porch and hallway that leads to a spacious living room, dining room, and a conservatory, providing ample space for family gatherings or entertaining guests. The fitted kitchen is functional, while a cloakroom adds convenience on the ground floor. Upstairs, you will find three well-proportioned bedrooms along with a family bathroom, presenting the potential to modernize these areas to maximize comfort and style. The exterior boasts a generous enclosed rear garden that provides plenty of room for landscaping or even an extension, subject to obtaining planning permission. A driveway offers ample parking space and leads to an integral garage, adding further utility to the property. Located on the southern side of town, this home benefits from being within walking distance of local amenities including shops, eateries, and recreational facilities such as a swimming pool and fitness center. Public transportation options are conveniently close by, with bus services connecting to nearby towns like Corsham, Devizes, Trowbridge, and Chippenham. Additionally, access to major roads like the M4 is just a short drive away. Given its established location and the scope for improvements or extensions, this property represents an excellent investment opportunity for buyers looking to create their ideal home or capitalize on rental potential in a sought-after area. Early viewings are encouraged to explore the possibilities this property has to offer.

Investment Analysis

(SN12 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£265/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£444,243
10% above area average per sq ft
Potential ROI
+22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (SN12)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -2.6%
5 year growth: 19.1%
Investment Disclaimer: Analysis based on SN12 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

Conway Crescent, Melksham
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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
£1,256
Based on a loan of £257,250 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