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Leaze Road, Melksham

South West

£240,000
Listed on 15/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
919 sqft

Description

Nestled away from the road, this three-bedroom semi-detached home presents an excellent opportunity for renovation and investment. The property's entry is framed by a front garden that leads to a spacious hallway, ideal for additional storage solutions. The ground floor features a bright and versatile open-plan living and dining area, highlighted by two large windows that ensure ample natural light. With its existing character elements like a fireplace and alcoves, there’s substantial potential to modernize or reconfigure the space according to personal taste. The kitchen, while functional with its freestanding appliances and practical shelving, shows promise for an upgrade or expansion into the under-stairs area, which could accommodate additional storage or even a small utility room. With easy access to the garden through the back door, this space can evolve into a more contemporary kitchen design. Upstairs reveals three bedrooms, including two generous doubles with attractive fireplaces and one single room perfect for an office setup. The landing area includes an open space formerly occupied by a toilet that could easily be redesigned to either reinstate a WC or serve as additional storage. The family bathroom is in good condition but offers avenues for stylish upgrades in terms of fixtures and finishes. Externally, the sizeable corner plot provides ample outdoor space ripe for landscaping improvements or creating a tailored garden retreat suitable for leisure or entertaining guests. Given Melksham's accessibility to amenities and transport links in the scenic South West region, this property not only holds immediate charm but also significant long-term investment potential for those willing to enhance its appeal.

Investment Analysis

(SN12 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£261/sq ft
Area Average
£315/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£318,332
10% above area average per sq ft
Potential ROI
+13.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
98%
Properties sold annually

Local Market Trend (SN12)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -5.2%
5 year growth: +11.9%
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

Leaze Road, Melksham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% 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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