We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · SN12 6EQ
Listing removedListed 189 daysAuction 9 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOT 08 FOR SALE BY ONLINE AUCTION THURSDAY 9th JULY 2026 GUIDE PRICE £180,000+ Spacious 2 Bedroom end-terrace bungalow situated on the outskirts of the market town of Melksham.
The property is in need of modernisation throughout. Ideal investment or downsize.
The accommodation comprises; entrance hall, living room, kitchen, snug, utility cupboard, shower room (in first fix stage), 2 bedrooms and a shower room.
The property has double glazing and gas heating. The front garden is laid to gravel with driveway to the side. Further side gardens are laid to paviours and enclosed by a dwarf wall.
what3words///tanks.lends.sweeper For further information please go to our auction site.
Situation - A bustling market town, Melksham has a number of supermarkets including Waitrose, Sainsbury's and Asda as well as a variety of shopping, leisure facilities and schools.
Situated only 12 miles south of the M4 motorway, Melksham has good bus, road and rail links. The Georgian city of Bath (c.14 miles) and the ever-expanding town of Chippenham (c.
6 miles) offer a comprehensive range of facilities and access to the M4 Motorway and mainline rail links to Bristol, Swindon and London Paddington.
Viewings - To arrange a viewing, contact: Corsham Office There will be numerous pre-arranged open house viewing slots lasting for 30 minutes and you can book in by contacting the Auctioneers.
If you have any concerns with viewings, please contact the relevant Strakers office and we would be happy to discuss them with you and hopefully put you at ease.
Online Auction - In order to bid at Strakers Online Auctions, you will first need to create an account by providing your contact details.
You will be asked to read and accept our Online Auction Terms and Conditions. In order to bid online, you will be required to register a credit or debit card for the bidder security deposit.
Strakers are required by law to carry out an online anti-money laundering check on all persons wishing to bid.
In general terms, you are strongly advised to view the property and take professional advice as to its condition and suitability.
When the auction opens at 8am the day of the auction, you will be able to place bids in line with the pre-determined bid increment levels, using the bid increase (+) and decrease (-) buttons provided.
It is recommended you check your web browser will allow you to bid in good time as some browsers' security can block the ability to bid. We recommend using Google Chrome when possible.
We offer property for sale by immediate, unconditional contract. This means that the fall of the electronic gavel constitutes an exchange of contracts between the buyer and seller.
Both parties are legally bound to complete the transaction usually within 20 working days following the close of the auction but this will be confirmed within the legal documentation.
Legal Pack - You can download or pre-register for the legal packs via our website by using the ‘Menu’ at the top of the page and selecting ‘Auctions’, then ‘Current Auction’.
This will produce a lot list. Find the lot of interest and click ‘View Legal Documents’.
You will need to sign-up by entering your email address and creating a password the first time you use this, your log-in will stay valid for all of our future auctions.
The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.
Reserve & Guide Price - Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
+ Fees - If you are the successful bidder, Strakers will sign the auction contract on your behalf and you will pay the 10% deposit plus a buyers fee of £600 including VAT on any Lots purchased at or below £49,999 or £1,200 including VAT on any lots purchased at £50,000 or above.
There may be additional fees listed in the Special Conditions of Sale payable to the seller and you are advised to check this prior to bidding.
Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About Padfield Gardens, Melksham
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