Worst House on the Street Logo
Development Opportunity | Melksham - Image 1
Development Opportunity | Melksham - Image 2
Development Opportunity | Melksham - Image 3

Development Opportunity | Melksham

South West

£425,000Guide Price

Listed on 02/06/2026

The listing

Property details

Bedrooms
9
Type
House

Features

  • Parking

Description

This freehold property presents a substantial development prospect, situated in the bustling center of Melksham. Formerly operating as a bank, the building spans 5,913 sq ft and is arranged over two floors with an additional basement space. With planning permission already in place for the conversion into seven self-contained apartments, this site is ripe for renovation and investment. The newly proposed scheme includes various layouts, accommodating both one and two-bedroom apartments, making it suitable for diverse tenant demographics. While current plans are focused on residential conversion, the layout allows for potential enhancements such as developing the attic space or utilizing the basement for additional storage solutions. Furthermore, there is an option to explore alternative configurations that could yield up to three spacious townhouses. The location is advantageous, benefiting from good local amenities and transport links that connect easily to major towns like Bath and Chippenham. This property offers not only a chance to create quality residential units but also represents a strategic investment opportunity within a growing market.

Unlock investment analysis

Sign up to see below-market value, yields, renovation ROI, and local market trends for this and every other property.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Development Opportunity | Melksham
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,606
Based on a loan of £318,750 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-15.0% since listed
£425,000£75,000(-15.0%)
18/08/2026
Current price
£500,000Initial listing
23/06/2026

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development