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New Road, Melksham

South West

£390,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached

Description

This three-bedroom detached property, set on an expansive one-third of an acre plot, presents a remarkable opportunity for those looking to invest in a renovation project. The home is located at the end of a private driveway, offering both seclusion and potential for significant enhancement. Although it requires extensive refurbishment, the spacious layout allows for creative reconfiguration and possible extensions (subject to planning permissions). The existing layout includes a welcoming entrance porch, a cozy lounge with an open fireplace complemented by a wood-burning stove, a versatile study/family room featuring exposed beams, and a dining area that opens onto the patio, perfect for indoor-outdoor living. The kitchen includes a larder cupboard and side entrance with storage. Upstairs are three generously-sized bedrooms and a family bathroom that provide comfort while overlooking the gardens. Outside, there is ample wrap-around garden space along with parking for multiple vehicles. A noteworthy feature of this property is the detached outbuilding that currently serves as a utility room, workshop, store room, and garage; it also has stairs leading up to an additional playroom or potential bedroom—ideal for accommodating guests or creating a home office setup. With charming period features and considerable space, this property offers the chance to craft your ideal family home in a desirable semi-rural area close to local amenities.

Investment Analysis

(SN12 area)
Area Average
£317/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (SN12)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -5.9%
5 year growth: +12.9%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,381
Based on a loan of £292,500 over 30 years at 3.91% 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.

Price History

-22.0% since listed
£390,000£110,000(-22.0%)
27/02/2026
Current price
£500,000Initial listing
05/10/2025

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