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See how verdicts work4-bedroom house · SN12 8LH
For saleListed 30 days
Opportunity summary
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About
NO ONWARD CHAIN – An exciting opportunity to acquire a converted former sack mill, dating back to the early 1800s, with gardens extending to approximately 1/3 of an acre, with heated swimming pool and additional land with fishing rights on the River Avon.
This generously proportioned two-storey cottage has potential to modernise, reconfigure and add value.
As you enter the property you are greeted by a central entrance hall which gives access to the ground floor accommodation and staircase to the first floor.
In its current configuration, the cottage benefits from three bedrooms and a study on the ground floor, as well as a separate WC.
Each bedroom is large enough to accommodate a double bed whilst the study provides access to the garden and integral triple garage, complete with power and lighting and a useful utility room.
A staircase from the entrance hall gives access to the first floor which comprises of the kitchen and living accommodation as well as the master bedroom.
The sitting room enjoys dual aspect views front and rear, as well as access to a balcony which overlooks the rear garden.
Measuring 16’ 11” x 20’ 10”, the sitting room provides generous proportions for all the family to enjoy with feature fireplace with open fire, and wooden beams adding to the period character.
The kitchen is positioned next to the sitting room and overlooks the rear garden.
Currently comprising of fully fitted wall and base units with integrated appliances, the kitchen provides ample work top space and space for a freestanding breakfast table.
Subject to consents, there is potential to create an open plan kitchen-diner / family room by incorporating the kitchen with either the sitting room or the dining room.
This would create a substantial, modern living space that would become an impressive heart of the home. Adjacent to the kitchen there is a formal dining which also overlooks the rear aspect.
This reception space offers flexibility in its usage and could also be used a fifth bedroom.
To complete the first floor, the master bedroom enjoys views over the front aspect, with ample space for a King-size bed as well built in wardrobes and an ensuite shower room, whilst the family bathroom is accessed from the landing and comprises of a neutral suite with bath and overhead shower.
Externally, the property is set back from the road in a cluster of similar period properties.
The front aspect provides ample off-street parking and is mostly laid to gravel to require low maintenance.
The large rear garden has scope to landscape and create multiple seating areas to enjoy throughout the year.
Mostly laid to lawn with flower borders and established shrubs and trees aiding privacy, there is the added benefit of a 24’ x 12’ swimming pool, heated by a heat exchanger in the adjacent pump room, and double-glazed pool house including two changing rooms, electric light and power, along with adjoining tool shed.
Challymead is a small hamlet located between Broughton Gifford, Holt and Melksham with easy access to nearby countryside and commuter links by road and rail.
The nearby village of Broughton Gifford is less than 2 miles away and benefits from a highly regarded primary school (St.
Mary's), as well as two bustling public houses, two churches, sports clubs and open green which is enjoyed by the local residents, often home to festive events such as fireworks night amongst other fun gatherings.
The further amenities of Holt (2.5 miles) Bradford on Avon (5 miles) are a short drive away.
Additional Information: Tenure: Freehold House Council Tax Band: F Current EPC Rating: Current D (55) Potential B (86) Services: Oil Central Heating. Mains Water Supply. Mains Electricity Supply.
Septic Tank Shared with Neighbouring Property AGENTS NOTE: The cottage owns the driveway to the front with one neighbouring property having right of access and parking.
The property benefits from private fishing rights in nearby section of River Avon.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Challeymead, Melksham
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