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High Street, Great Cheverell, Devizes

South West

£1,250,000
Listed on 28/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1954 sqft

Description

This property presents a rare investment opportunity situated in a picturesque village, surrounded by stunning countryside views. The site encompasses a four-bedroom detached period home alongside a self-contained annexe, a village garage, various workshops, and a café, all set on approximately 1.6 acres of land. With full planning permission already in place for the construction of two additional detached homes—a four-bedroom and a five-bedroom dwelling—there is significant potential for generating further income or expanding residential offerings in this desirable area. 'Hillcrest,' the main residence, benefits from established gardens and an inviting layout but may require some modernisation to realise its full potential. The existing annexe offers additional living space and could serve various purposes, such as rental accommodation or guest quarters. Located centrally within Great Cheverell, a sought-after village that boasts excellent local amenities including an outstanding primary school and community facilities, this site is not only attractive for residential development but also ideal for families seeking tranquility without sacrificing access to essential services. With larger towns like Devizes close by and major cities within easy reach, this property combines rural charm with practical accessibility. A keen eye for renovation could greatly enhance both immediate living conditions and future value.

Investment Analysis

(SN10 area)

Above Market Value

This property is priced +103.5% above area average per sq ft

+103.5%
This Property
£640/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£250
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£675,664
10% above area average per sq ft
Potential ROI
-49.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SN10)

Area prices are rising by +7.4% over the last 12 months
3 year growth: -2.0%
5 year growth: +8.0%
Investment Disclaimer: Analysis based on SN10 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

High Street, Great Cheverell, Devizes
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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
£4,460
Based on a loan of £937,500 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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