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New Road, Melksham

South West

£500,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached home occupies approximately one-third of an acre, presenting a substantial opportunity for renovation and development. The property is set back behind a private driveway, providing a sense of seclusion while still being conveniently close to local amenities. Internally, the house retains original features that suggest immense potential for customization. The layout includes an entrance porch leading into a lounge with an open fireplace and wood-burning stove, complemented by exposed beams that add character. There are also dedicated spaces for a study or family room and a dining area with patio doors that extend out to the garden. The kitchen features a functional larder cupboard and offers access to a side entrance with additional storage. Upstairs, the three generously sized bedrooms provide comfortable living spaces with pleasant views of the expansive grounds. A family bathroom serves this level. The outdoor areas enhance the property's appeal; there are wrap-around gardens at both the front and rear, offering ample space for landscaping or further development. Additionally, driveway parking accommodates several vehicles. The property includes a detached outbuilding which currently houses utility rooms and a workshop but holds significant potential as an annexe or garage. This versatile space also features stairs leading to an upper playroom or extra bedroom—ideal for accommodating guests, creating a multi-generational living setup, or establishing a home office. Located in a semi-rural neighborhood, this property benefits from proximity to essential services while allowing for peaceful living. Educational institutions such as Forest and Sandridge Church of England Primary School and Melksham Oak Community School are within easy reach. Local healthcare facilities are just a short drive away, ensuring convenience for residents. The vibrant market town of Melksham is nearby, offering independent shops, cafés, and connectivity to surrounding areas such as Chippenham and Trowbridge. In summary, this property not only provides substantial living space but also presents myriad possibilities for renovation and investment in an attractive location. Its unique characteristics make it an ideal candidate for those looking to craft their dream home while benefiting from its inherent investment potential.

Investment Analysis

(SN12 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

New Road, 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
£1,832
Based on a loan of £375,000 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