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Lyneham

South West

£550,000
Listed on 23/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1685 sqft

Description

Nestled along a serene country lane, this three-bedroom detached cottage presents a unique opportunity for renovation and investment. Situated approximately 3 miles from the bustling market town of Royal Wootton Bassett, the property has remained in the same ownership for nearly 50 years, underscoring its longstanding value and potential. Sprawling across a generous plot of about 0.42 acres, the property is characterized by a private gated entrance and a sweeping gravel driveway that leads to a detached double garage. The enclosed garden space is thoughtfully separated from the driveway by a charming garden wall, allowing for both privacy and easy access. Internally, the layout features a traditional kitchen and utility area at the front, leading through to two inviting reception rooms at the rear. Each of these spaces boasts distinctive inglenook-style fireplaces that add character and warmth. An open staircase leads to an upper landing that connects to three bedrooms, a family bathroom, and ample eaves storage—ideal for maximizing space with some creative updates. The cottage is set back within its plot, offering expansive front and rear gardens primarily laid to lawn. Mature trees and shrubs create natural seclusion, while side access on both sides enhances convenience for any future enhancements or extensions. With oil-fired central heating and uPVC double glazing already in place, the home offers a solid foundation for modernization efforts. The location is advantageous as well; both Chippenham and Swindon train stations are about 10 miles away, providing direct routes to London. Additionally, Junction 16 of the M4 motorway is just 6 miles distant, ensuring excellent transport connectivity. This property stands out not only for its charm but also its incredible potential for those looking to create their ideal home or make a strategic investment in an appealing area.

Investment Analysis

(SN15 area)

Below Market Value

This property is priced -6.3% below area average per sq ft

-6.3%
Potential saving
This Property
£326/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£645,945
10% above area average per sq ft
Potential ROI
+5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SN15)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -0.5%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on SN15 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

Lyneham
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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