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Tower Road, Melksham SN12

South West

£210,000

Listed on 27/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1045 sqft

Description

This three-bedroom property in Melksham presents a solid investment opportunity for those looking to modernise and personalise a home. Spanning approximately 1,044 square feet, the layout features a welcoming reception area that sets the stage for creative renovations. Constructed in 1970, the house requires updating throughout, giving you the chance to significantly enhance its appeal and functionality. The three spacious bedrooms are well-suited for families or guests, with plenty of potential for reconfiguration if desired. Additionally, there is a practical garage that can serve as extra storage or a workshop space, complemented by on-site parking. The enclosed rear garden offers an outdoor retreat, perfect for entertaining or relaxation. Conveniently located near local amenities, parks, and schools, this property is ideal for first-time buyers or seasoned investors alike. With no onward chain, it is an excellent canvas ready for your vision and improvements.

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Investment analysis

(SN12 area)

Below Market Value

This property is priced -35.5% below area average per sq ft

-35.5%
Potential saving
This Property
£201/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£228
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£358,357
10% above area average per sq ft
Potential ROI
+43.3%
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
17%
Properties sold annually

Local Market Trend (SN12)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -7.0%
5 year growth: +9.7%
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

Tower Road, Melksham SN12
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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
£793
Based on a loan of £157,500 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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