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House | Updating | Gorse Hill

South West

£115,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
780 sqft

Description

This Freehold terraced house offers a unique investment opportunity in the desirable Gorse Hill area of Swindon. With a generous living space of 780 sq ft spread over two floors, the property currently features two reception rooms, a kitchen, and a bathroom on the ground level, alongside two bedrooms upstairs. While it is being sold vacant and requires modernisation, there is considerable potential to transform it into a contemporary family home or rental asset. The large garden and garage at the rear present additional options for extension (subject to planning permissions), as seen with neighbouring properties that have successfully enhanced their outdoor space. Located close to local amenities, including independent shops and cafes, this property represents a promising project for those looking to invest in renovations in a sought-after residential enclave.

Investment Analysis

(SN2 area)

Below Market Value

This property is priced -45.8% below area average per sq ft

-45.8%
Potential saving
This Property
£147/sq ft
Area Average
£272/sq ft
Avg Rent (weekly)
£260
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£233,333
10% above area average per sq ft
Potential ROI
+55.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SN2)

Area prices are rising by +3.6% over the last 12 months
3 year growth: +6.7%
5 year growth: +24.2%
Investment Disclaimer: Analysis based on SN2 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

House | Updating | Gorse Hill
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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
£407
Based on a loan of £86,250 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.

Stamp Duty Calculator

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