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71 – 75 Shelton Street, Covent Garden, London
£80,000 Offers in excess of
A rare opportunity to acquire approximately 1 acre of land in one of Romseys most prestigious locations. Situated on Straight Mile, this plot offers a combination of open space and mature woodland, providing a peaceful and scenic setting.
The land features existing footings from a former building, offering potential for future use or development (subject to planning permissions). This is an ideal long-term investment opportunity, whether for recreational use, a private retreat, or land banking.
Key Features:
Prime location situated on Straight Mile, one of Romseys most sought-after roads
Land for Sale Approx. 1 Acre
Existing footings from a former structure on-site
Highly desirable area with a strong history of premium property values
Excellent connectivity to Romsey town centre, Winchester, and Southampton
Potential for future development or land banking investment subject to planning.
Location & Surroundings:
Romsey is a historic market town set in the heart of the Test Valley, known for its stunning countryside, excellent amenities, and strong community feel. The area offers a blend of rural charm and modern conveniences, with a variety of local shops, restaurants, and highly regarded schools nearby.
Straight Mile is home to some of the most exclusive properties in the area, offering privacy, tranquility, and easy access to main transport links. The land is located within close proximity to major road and rail networks, making it an accessible yet secluded retreat.
Opportunities:
This plot presents a fantastic opportunity for buyers looking for long-term land ownership in a highly sought-after area. Whether for personal use, leisure, land banking, or future development potential stp, this is a unique chance to secure land in an exceptional location.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
71 – 75 Shelton Street, Covent Garden, London
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