2-bedroom flat · SN12 8FE
Listing removedListed 71 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming two-bedroom third floor apartment situated on the Chippenham side of Melksham, offering well-presented and practical accommodation throughout.
The property comprises a bright and spacious open-plan kitchen and living room, with the modern kitchen area fully fitted with a range of wall and base units, along with an integrated fridge freezer, washing machine, oven and hob.
There are two good-sized double bedrooms, with the principal bedroom benefiting from its own en-suite shower room. The property also features a separate family bathroom fitted with a bath.
Further benefits include gas central heating and an allocated parking space.
Located on the Chippenham side of Melksham, the property is ideally placed for access to the town centre and surrounding areas, making it an excellent choice for a professional couple or individual.
EPC Rating: C Council Tax Band: A Permitted Payments As part of our application process a Holding Deposit of £207.69 (equivalent of one weeks rent) to reserve a property.
Please Note: The Holding Deposit will be repaid if the tenancy has been entered into, The landlord decides to withdraw before the expiry of the deadline, The landlord and tenant fails to agree into a tenancy agreement within the deadline.
Security deposit (per tenancy, rent under £50,000 per year).
Equivalent to five weeks rent This covers damages or defaults on the part of the tenant during the tenancy Unpaid rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent.
Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost key(s) or other security device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new locks and (truncated)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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