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Elmina Road, Swindon, SN1 2BG

South West

£230,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
1191 sqft

Description

Nestled on the sought-after Elmina Road, this three-bedroom period residence offers an exceptional opportunity for those looking to invest in a property with significant potential for renovation. The home requires extensive refurbishment, providing a blank canvas for creative buyers to enhance and personalize the space. Upon entry, you are greeted by a welcoming hallway that leads to an expansive bay-windowed reception room, approximately 25ft in length, ideal for varied living arrangements or entertaining. Adjacent to this is a separate dining area that leads into a kitchen at the rear, ripe for reconfiguration or expansion (pending necessary permissions). The ground floor also features a separate WC and shower room, adding practical value and options for redesign. Upstairs, you'll find three bedrooms including a notably large principal suite of about 15ft, alongside two additional well-sized rooms—perfect for family use, guest accommodations, or a home office setup. Outside, there’s a detached garage (around 20’6 x 13’) which provides extra storage options or workshop space. The layout and overall plot size not only allow for enhancements but promise added value with the right vision. Located conveniently close to Old Town’s amenities and transport links, this property stands out as an excellent investment for developers or individuals looking to craft their ideal long-term home.

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Investment analysis

(SN1 area)

Below Market Value

This property is priced -28.1% below area average per sq ft

-28.1%
Potential saving
This Property
£193/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£235
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£352,089
10% above area average per sq ft
Potential ROI
+21.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SN1)

Area prices are falling by -9.3% over the last 12 months
3 year growth: +0.6%
5 year growth: +7.7%
Investment Disclaimer: Analysis based on SN1 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

Elmina Road, Swindon, SN1 2BG
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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
£869
Based on a loan of £172,500 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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