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Richards Castle, Nr Ludlow, Shropshire. - Image 1
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Richards Castle, Nr Ludlow, Shropshire.

West Midlands

£600,000

Listed on 10/04/2026

Property details

Bedrooms
2
Type
Property With Land
Area
1402 sqft

Description

This Grade II Listed smallholding is situated in a charming village and encompasses approximately 8.4 acres of land, presenting significant renovation and investment opportunities. The property features a former 'Parish Reading Room', which could be transformed into an annexe, office, or studio with appropriate planning permission. The location provides easy access to Ludlow, Leominster, and Tenbury Wells, making it an attractive option for those seeking a rural lifestyle while maintaining connectivity to local towns. The well-maintained period cottage offers spacious living across two levels, complete with traditional features such as exposed beams and a large inglenook fireplace. Although the kitchen has been modernised within the past two years, other areas of the property may benefit from further updates to enhance comfort and style. On the first floor, there are two double bedrooms with picturesque countryside views; planning permission is also in place for an additional bedroom. The extensive grounds include a lawned garden with mature shrubs, vegetable plots, and orchard areas—ideal for those interested in gardening or small-scale farming. The outbuildings present further potential for conversion into holiday lets or additional living spaces. With its expansive grass paddocks that have access to a stream, this property is perfectly suited for equestrian use or keeping livestock. Overall, this smallholding offers a unique blend of historical charm and modern potential—perfect for buyers looking to invest in renovation projects to create their dream home.

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Investment analysis

(SY8 area)

Above Market Value

This property is priced +44.1% above area average per sq ft

+44.1%
This Property
£428/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£458,111
10% above area average per sq ft
Potential ROI
-34.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by -6.9% over the last 12 months
3 year growth: +0.1%
5 year growth: -3.6%
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

Richards Castle, Nr Ludlow, Shropshire.
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,267
Based on a loan of £450,000 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-4.0% since listed
£600,000£25,000(-4.0%)
16/06/2026
Current price
£625,000Initial listing
09/04/2026

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