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Windmill Lane, Ringwood, BH24

South East

£1,250,000
Listed on 28/01/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This property presents a unique opportunity for buyers interested in renovation and investment potential. Situated on an elevated site, it comes with planning permission granted in May 2022 for a spacious modern home spanning 5,400 sq ft, designed to maximize the stunning views of the Avon Valley. The current design is tailored for a single-family dwelling, but the site also holds promise for developers or investors looking to capitalize on its dual potential. There is the possibility of creating an additional plot, which could enhance your investment strategy or serve as a foundation for a multi-dwelling estate. Located in a picturesque area, this property allows you to not only build your dream home but also explore further development opportunities. It's important to note that the entire site is being offered as one package, providing flexibility for various future plans. For those interested in both residential comfort and investment prospects, this site represents a rare chance to craft something truly special while considering additional avenues for growth. If you're eager to learn more or schedule a visit, please reach out for further details.

Investment Analysis

(BH24 area)
Area Average
£416/sq ft
Avg Rent (weekly)
£334
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BH24)

Area prices are rising by +6.8% over the last 12 months
3 year growth: 2.1%
5 year growth: 15.1%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,579
Based on a loan of £937,500 over 30 years at 4.19% 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE