Beanacre Road, Melksham, Wiltshire
KE

Beanacre Road, Melksham, Wiltshire

By Keller Williams Oxygen

£ 450,000

Reviews

2 out of 5 stars

Keller Williams Oxygen says ..

CALLING ALL INVESTORS Currently featuring 7 lettable rooms this large semi-detached property could be run as a large HMO, B & B or possibly developed into individual units subject to planning.

Property Oracle says ..

This seven-bedroom, six-bathroom property located on Beanacre Road in Melksham, Wiltshire, presents itself as a substantial investment opportunity. The large number of rooms suggests potential for various uses, including a large HMO (House of Multiple Occupancy), B&B, or even conversion into individual units subject to planning permission. The property’s location is favorable, with close proximity to Melksham train station, making it easily accessible to surrounding areas. There are also several schools nearby, enhancing its appeal as a family home or rental property.

However, a significant drawback is the property’s current condition. The interior photographs suggest a considerable need for renovation and modernisation. Rooms are cluttered, requiring thorough cleaning and updating. This would require a substantial investment to bring the property up to a desirable standard. Furthermore, while a garden is present, it is relatively small and appears to require landscaping. The list price of £450,000 might be considered high, given the renovation work needed, and a thorough market analysis factoring in local comparable properties in similar condition is recommended before considering purchase. The property offers significant potential, but it is essential to factor in significant refurbishment costs when evaluating its overall value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
3
Bedrooms
7
Bathrooms
6
Sqft (est)
2,478.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
441,515.00 £
Increased by 10.70 %
from 398,833.00 £
Est sale value
1,060,584.00 £
Increased by 128.88 %
from 463,386.00 £
Average area rental value
899.00 £/mo
Increased by 4.78 %
from 858.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.44 %
Decreased by 5.43 %
from 2.58 %
Crime Rate
23.00 %
Unchanged by 0.00 %
from 23.00 %

Agent Activity

  • Keller Williams Oxygen created the listing.

Nearby Schools

NameTypeOfstedDistance
River Mead SchoolAcademy Sponsor LedGood0.97 KM
The Manor Cofe Vc Primary SchoolAcademy Converter1.09 KM
Kings Park Children'S CentreChildren's Centre1.13 KM
Aloeric Primary SchoolAcademy Converter1.33 KM
Canberra Children'S CentreChildren's Centre1.76 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Nortree Court £ 535,00000.00 KM
Station Approach £ 000.00 KM
Granville Road £ 272,50000.00 KM
Bell Court £ 210,00000.00 KM
The City £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Melksham3346MKM0.24 KM
Chippenham3267CPM9.59 KM

Nearby Listings

AddressPriceTypeScoreDistance
Beanacre Road, Melksham, Wiltshire £ 450,000BUY5 / 100.00 KM
Foundry Close, Wiltshire £ 275,000BUY7 / 100.11 KM
Beanacre Road, Melksham £ 220,000BUY6 / 100.13 KM
Beanacre Road, Melksham, SN12 £ 230,000BUY6 / 100.13 KM
Beanacre Road, Melksham, SN12 8AL £ 200,000BUY6 / 100.13 KM

Nearby Properties

AddressPriceDistance
5 Beanacre Road £ 320,0000.05 KM
24 Beanacre Road £ 220,0000.07 KM
30 Beanacre Road £ 157,0000.07 KM
6 Beanacre Road £ 345,0000.07 KM
26 Beanacre Road £ 200,0000.07 KM