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Overton, Ludlow, Shropshire, SY8 4DY - Image 1
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Overton, Ludlow, Shropshire, SY8 4DY

West Midlands

£350,000
Listed on 28/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1711 sqft

Description

This detached Victorian cottage, located on the edge of Mortimer Forest and just a couple of miles from the historic town of Ludlow, offers significant renovation potential for those looking to create their dream home. Surrounded by expansive south-facing gardens, this property sits on approximately 0.28 acres and features a detached double garage with ample driveway parking. The interior layout includes four bedrooms, one of which could serve as a study or ground-floor bedroom, alongside two bathrooms and a spacious living room that combines original character with flexibility for modern living. The kitchen is equipped with an Aga and plenty of storage options but will benefit from an update to realize its full potential. A utility room adjoining the kitchen provides additional functionality, making this space ideal for family or entertaining. Despite its need for refurbishment—including roof work due to previous insulation adjustments—this cottage represents an enticing opportunity for cash buyers who appreciate the value in restoration projects. The surrounding gardens are well-established, featuring mature shrubs, ornamental trees, and a designated area for fruit-bearing plants, all offering a peaceful outdoor retreat. Ludlow’s vibrant market life is easily accessible, providing shops and services that cater to everyday needs while maintaining a strong community feel. The location also falls within reputable school catchment areas, enhancing its appeal for families and ensuring sustained demand for the property post-renovation. With no upward chain involved in the sale process, prospective buyers can move swiftly to capitalize on this opportunity. Whether you envision modernizing it into a stylish family home or investing in rental potential in a sought-after area, this property stands ready for transformation.

Investment Analysis

(SY8 area)

Below Market Value

This property is priced -29.5% below area average per sq ft

-29.5%
Potential saving
This Property
£205/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£546,280
10% above area average per sq ft
Potential ROI
+16.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by +5.0% over the last 12 months
3 year growth: 5.5%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on SY8 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

Overton, Ludlow, Shropshire, SY8 4DY
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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
£1,282
Based on a loan of £262,500 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.

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