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Windmill Lane, Ringwood, BH24

South East

£1,250,000
Listed on 27/01/2025

Property Details

Bedrooms
5
Type
Detached House

Description

This is an exceptional opportunity to develop a prime elevated site with approved planning permission for a substantial modern residence spanning 5,400 sq ft, which was granted in May 2022. The property's location offers stunning views over the Avon Valley, making it ideal for a bespoke family home. Furthermore, the potential for an additional plot presents an exciting avenue for developers or investors looking to create a multi-dwelling estate. This sale includes the entire site, allowing for maximum flexibility in your development plans. Whether you're looking to construct your dream home or pursue further investment opportunities in this picturesque setting, this property provides a blank canvas for future growth.

Investment Analysis

(BH24 area)
Area Average
£416/sq ft
Avg Rent (weekly)
£299
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (BH24)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -5.3%
5 year growth: +0.7%
Investment Disclaimer: Analysis based on BH24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Windmill Lane, Ringwood, BH24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£4,427
Based on a loan of £937,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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