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 %
- Est sale value
- 1,060,584.00 £Increased by 128.88 %
- Average area rental value
- 899.00 £/moIncreased by 4.78 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 2.44 %Decreased by 5.43 %
- Crime Rate
- 23.00 %Unchanged by 0.00 %
Agent Activity
Keller Williams Oxygen created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| River Mead School | Academy Sponsor Led | Good | 0.97 KM |
| The Manor Cofe Vc Primary School | Academy Converter | 1.09 KM | |
| Kings Park Children'S Centre | Children's Centre | 1.13 KM | |
| Aloeric Primary School | Academy Converter | 1.33 KM | |
| Canberra Children'S Centre | Children's Centre | 1.76 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Nortree Court | £ 535,000 | 0 | 0.00 KM |
| Station Approach | £ 0 | 0 | 0.00 KM |
| Granville Road | £ 272,500 | 0 | 0.00 KM |
| Bell Court | £ 210,000 | 0 | 0.00 KM |
| The City | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Melksham | 3346 | MKM | 0.24 KM |
| Chippenham | 3267 | CPM | 9.59 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Beanacre Road, Melksham, Wiltshire | £ 450,000 | BUY | 5 / 10 | 0.00 KM |
| Foundry Close, Wiltshire | £ 275,000 | BUY | 7 / 10 | 0.11 KM |
| Beanacre Road, Melksham | £ 220,000 | BUY | 6 / 10 | 0.13 KM |
| Beanacre Road, Melksham, SN12 | £ 230,000 | BUY | 6 / 10 | 0.13 KM |
| Beanacre Road, Melksham, SN12 8AL | £ 200,000 | BUY | 6 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Beanacre Road | £ 320,000 | 0.05 KM |
| 24 Beanacre Road | £ 220,000 | 0.07 KM |
| 30 Beanacre Road | £ 157,000 | 0.07 KM |
| 6 Beanacre Road | £ 345,000 | 0.07 KM |
| 26 Beanacre Road | £ 200,000 | 0.07 KM |