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Devonshire Place, Melksham

South West

£235,000
Listed on 23/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1204 sqft

Description

Situated in a desirable area of Melksham, this terraced house offers a promising canvas for renovation enthusiasts or families looking to make their mark. The space includes three generously sized bedrooms, making it suitable for both young families and investors interested in enhancing property value within a thriving community. Upon entrance, you’re greeted by a versatile reception room that can adapt to various needs - whether it's a snug living area, an extra bedroom, or a playroom for the children. The kitchen/diner provides ample room for dining and entertaining, complemented by a separate living room designed for comfort and relaxation. Additional features include the convenience of a downstairs toilet alongside the main bathroom. While the residence requires some modernization, this presents an excellent opportunity to inject personal style and improvement into the home. With no ongoing chain, buyers can expect a seamless transaction process. The property enjoys an advantageous location with schools, parks, and shops all just a short walk away—ideal for family living. Access to public transport further enhances daily convenience.

Investment Analysis

(SN12 area)

Below Market Value

This property is priced -37.5% below area average per sq ft

-37.5%
Potential saving
This Property
£195/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£413,345
10% above area average per sq ft
Potential ROI
+59.0%
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

Devonshire Place, 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
£861
Based on a loan of £176,250 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