Lockeridge, Marlborough, Wiltshire, SN8
South West
£300,000
Listed on 19/10/2026
Listed on 19/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
915 sqftFeatures
- Garden
- Parking
Description
This three-bedroom 1930s cottage in Lockeridge is offered with no onward chain and has a generous rear garden backing onto paddocks, with open countryside beyond. The existing accommodation includes a front-facing living room and a kitchen/dining room, while upstairs are three bedrooms, including a larger principal bedroom. A bathroom and separate WC are on the ground floor.
The property requires modernisation and offers scope to update the rooms and consider changes to the layout, subject to any necessary consents. The rear garden includes established shrubs, lawn and outbuildings, and the listing notes potential to extend, subject to planning permission and other consents. A driveway and carport provide off-road parking. Mains electricity, water and drainage are connected; no mains gas connection has been reported. Heating is currently provided by a wood-burning stove, and a new heating system will be required.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
67out of 100
Grade CPotential opportunity
Confidence: MEDIUM
This Lockeridge cottage has a strong setting to build on: a generous garden backing onto paddocks, countryside views, and driveway parking with a carport. The £300,000 asking price is 14.5% below the local average per square foot, making it a comparatively cheap entry point for a project. The dated but orderly interiors offer scope to update the kitchen and finishes, rethink the ground-floor layout, and make more of the connection to the garden; the listing also mentions extension potential, subject to consent.
The overall C grade reflects a worthwhile canvas rather than a finished investment case: the renovation range is £22,000–£43,000, and the economics remain moderate against current local average values. A new heating system is required, so that work should be included in planning and budgeting.
Key opportunities
- Update the dated kitchen and interior finishes to create a more contemporary home.
- Use the generous garden, paddock outlook and existing outbuildings as the basis for landscaping and a stronger indoor–outdoor connection.
- Explore ground-floor reconfiguration or an extension, subject to planning permission and other necessary consents.
Key risks
- A new heating system is required, adding a specific item to the project budget.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,133
Based on a loan of £225,000 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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