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Challeymead, Melksham

South West

£475,000

Listed on 27/09/2026

The listing

Property details

Bedrooms
4
Type
Cottage
Area
2421 sqft

Description

This unique opportunity presents a converted former sack mill from the early 1800s, featuring a generous two-storey layout and gardens extending to approximately one-third of an acre. The property boasts a heated swimming pool and additional land with fishing rights on the River Avon, making it ideal for those seeking both space and leisure. Inside, the central entrance hall leads to a well-proportioned ground floor that includes three bedrooms and a study, alongside a separate WC. Each bedroom is spacious enough for double beds, while the study offers direct garden access and connects to an integral triple garage equipped with power and lighting. The first floor comprises the kitchen and living areas, including the master bedroom. The sitting room, measuring 16’ 11” x 20’ 10”, features dual aspect views and access to a balcony overlooking the rear garden. This space is enhanced by a feature fireplace with an open fire and wooden beams that add character. The kitchen, adjacent to the sitting room, includes fully fitted units and ample workspace, with potential for an open-plan kitchen-diner by merging it with the dining room. The dining area itself provides flexibility for use as a fifth bedroom if desired. The master bedroom offers views over the front aspect, built-in wardrobes, and an ensuite shower room, while the family bathroom features a neutral suite with both bath and overhead shower. Externally, the property is set back from the road among similar period homes, offering ample off-street parking on a gravelled driveway. The expansive rear garden presents opportunities for landscaping and creating multiple seating areas for year-round enjoyment. It is primarily laid to lawn with flower borders and established shrubs, ensuring privacy. The property also includes a double-glazed pool house with changing rooms and electric power, enhancing its appeal. Located in Challymead, this home is conveniently situated between Broughton Gifford, Holt, and Melksham, providing easy access to beautiful countryside and local amenities.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

78out of 100
Grade BGood opportunity

Confidence: MEDIUM

This converted former sack mill offers a unique opportunity to acquire a character-filled property at a remarkably low price. The asking price of £475,000 translates to just £196/sqf, which is 37.1% below the local average of £312/sqf. This affordability positions it as an enticing option for those looking to invest in renovation and increase value.

Inside, the property showcases spacious bedrooms and a generous living area, while the dated kitchen and bathroom present a chance for modernisation. The expansive garden and the potential to create an open-plan kitchen-diner or family room add to the appeal, promising a substantial living space that could be the heart of the home. With a medium refurbishment scale estimated between £50,000 and £100,000, this property is primed for someone creative to unlock its full potential and transform it into a modern oasis.

Key opportunities

  • Transform dated kitchen and bathroom into modern spaces.
  • Create an open-plan living area by reconfiguring adjacent rooms.
  • Utilise the large garden for landscaping or outdoor living enhancements.

Key risks

  • Potential damp issues noted in several rooms.
  • Condition of swimming pool equipment may require attention.

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Map

Location

Challeymead, Melksham
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Finance

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

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 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.

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