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New Road, MELKSHAM

South West

£390,000
Listed on 01/05/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached three-bedroom house presents a unique opportunity for those looking to invest in a property ripe for transformation. Nestled within a delightful semi-rural setting on a substantial plot of approximately 1/3 of an acre, the home is currently in need of complete refurbishment, offering significant potential for reconfiguration and extension, pending planning permissions. The property is accessed via a private driveway and features ample outdoor space, including spacious wrap-around gardens and parking for multiple vehicles. The detached garage could be converted into an annexe or workshop, further enhancing its value. Located conveniently close to local amenities and schools, this property has the makings of a charming family home or investment project with considerable character that can be brought back to life.

Investment Analysis

(SN12 area)
Area Average
£314/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SN12)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -7.3%
5 year growth: +11.2%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,391
Based on a loan of £292,500 over 30 years at 3.97% 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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