1-bedroom house · SN12 7DY
Sold STCListed 242 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GROUND FLOOR APARTMENT.
Lock and Key independent estate agents are pleased to offer this perfect opportiunity by offering this immaculate one double bedroom ground floor apartment in this highly sought-after retirement complex, designed by McCarthy & Stone in 2003.
Conveniently tucked away within the town centre the property offers well planned, light and bright, modern accommodation to include, welcoming entrance hall with a storage cupboard, spacious lounge/diner with a lovely feature of a French door opening into the communal gardens and a small patio area, fitted kitchen, double bedroom with mirror fronted double wardrobes and a modern shower room, all with the added benefit of double glazing and electric heating.
Giffords Court has been designed with the over 60s in mind, ensuring a comfortable and secure living environment, communal lounge, kitchen, laundry room, and guest suite, with the further benefits of a manager and 24 hr careline.
Outside there are well established grounds and gardens with communal parking. Viewing is strongly recommneded.
Situation - Our charming market town of Melksham is an ideal place to call home, with its excellent range of amenities for all.
The new Melksham campus offers a state-of-the-art sports and fitness centre, swimming pool, library and much more. A bustling town with a good range of schools, shops and supermarkets.
Melksham is well placed for transport links with the country town of Trowbridge 5 miles distant, the historic city of Bath 12 miles distant and Chippenham 11 miles distant with links to the M4 and main line railway station Accommodation - Leasehold: Leasehold with vacant possession on completion 125-year lease (2003) Service Charges - There is an annual service charge of £3475,00 (paid bi-annually), plus an annual ground rent of £365.00 (paid bi-annually) - which includes site manager, building insurance, water rates, window cleaning, and maintenance of external areas etc.
Ground Rent - £827.31 per year (Ask agent about the review period) The next review will be 1st Feb 2047
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.
Area
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FAQ
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