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Place Road, Melksham

South West

£550,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1701 sqft

Description

Inglewood, a three-bedroom detached residence on the historic Place Road in Melksham, represents a valuable opportunity for those interested in renovation and investment. Characterized by its unique history and situated in a desirable location, this property was originally built as a coach house in 1864 and has maintained significant charm despite changes over the years. Having been under the same ownership since 1958, it is now ready for its next chapter. The spacious interiors present numerous possibilities for modernisation and reconfiguration to enhance both functionality and aesthetics. Additionally, depending on local planning permissions, there could be potential for further development within the grounds. The property's prime location allows for easy access to town amenities while providing a sense of seclusion. This combination of character, space, and future potential makes Inglewood an intriguing project for buyers looking to create their dream home or capitalize on its investment prospects.

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Investment analysis

(SN12 area)

Above Market Value

This property is priced +3.2% above area average per sq ft

+3.2%
This Property
£323/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£586,309
10% above area average per sq ft
Potential ROI
-6.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SN12)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -7.4%
5 year growth: +11.4%
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

Place Road, Melksham
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 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.

Stamp duty calculator

Next Steps

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