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New Road, MELKSHAM

South West

£390,000
Listed on 25/03/2026

Property Details

Bedrooms
3
Type
Detached

Description

This is a detached three-bedroom house positioned on a generous plot of approximately one-third of an acre, offering substantial potential for renovation and investment. The property is nestled in a semi-rural area, providing a tranquil atmosphere while remaining conveniently close to essential amenities in Melksham, known for its charming market town vibe. Currently requiring complete refurbishment throughout, this home presents an excellent opportunity to reconfigure and extend the living space (subject to planning permissions). The layout includes an entrance porch, living room, dining room, kitchen, and family room on the ground floor, with three bedrooms and bathroom facilities upstairs. Additionally, there is a detached garage that features utility space and workshop areas which could be repurposed as an annexe or separate workspace. This property’s private driveway allows ample parking and access to spacious wrap-around gardens. With considerable scope for modernisation and expansion, this house could become a desirable family home or an attractive rental investment in a sought-after locale.

Investment Analysis

(SN12 area)
Area Average
£315/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
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

New 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
£1,407
Based on a loan of £292,500 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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