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Woodrow Road, Forest, Melksham

South West

£435,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2057 sqft

Description

This charming three-bedroom detached period cottage, known as Old Forge and believed to date back to 1902, offers significant renovation potential. Set on a semi-rural road leading towards the picturesque National Trust village of Lacock, this property includes an additional one-bedroom annex with its own entrance. The accommodation features a welcoming porch, a cozy living room equipped with a log burner, and a spacious kitchen/dining area that flows into a family room. Upstairs are three bedrooms along with a family bathroom. The annex contains its own kitchenette, wet room, and bedroom, making it ideal for guests or as a rental opportunity. Externally, the property boasts a generous side plot with an enclosed main garden perfect for families and benefits from additional structures including a workshop and veranda. There's notable potential for further development such as converting the workshop into a garage or creating additional parking options (subject to necessary consents). The courtyard garden beside the annex adds extra outdoor space for relaxation. Located just 12 miles from Bath and surrounded by beautiful countryside walks, this property is ideally suited for those looking to create their dream home in an idyllic setting while also considering sound investment opportunities in the ever-popular South West region.

Investment Analysis

(SN12 area)

Below Market Value

This property is priced -32.2% below area average per sq ft

-32.2%
Potential saving
This Property
£211/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£706,189
10% above area average per sq ft
Potential ROI
+42.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Woodrow Road, Forest, 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
£1,594
Based on a loan of £326,250 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