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Bull Ring, Ludlow, Shropshire, SY8

West Midlands

£575,000
Listed on 29/01/2025

Property Details

Bedrooms
N/A
Type
Shop
Area
5300 sqft

Description

This historic freehold property, encompassing a total of 5,300 sqft, presents a unique investment opportunity in the heart of Ludlow. Features include approximately 1,500 sqft of ground floor retail space alongside two storeys of living accommodation totaling around 2,500 sqft. Additionally, a courtyard building of about 1,300 sqft complements the private courtyard and cellar. Notably, this property comes with planning consent for the creation of two luxury 2-bedroom apartments on the upper levels, enhancing its potential for income generation. The ground floor has versatile use possibilities including options for a coffee shop or wine bar, subject to necessary planning approvals. With its Grade II listing status adding historical significance, this property is ripe for redevelopment while preserving its character. Positioned within the main shopping area and close to local attractions like Ludlow Castle, it offers immense charm and scope for a variety of business and residential uses.

Investment Analysis

(SY8 area)

Below Market Value

This property is priced -63.1% below area average per sq ft

-63.1%
Potential saving
This Property
£108/sq ft
Area Average
£294/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £200,000
Target Value
£1,713,146
10% above area average per sq ft
Potential ROI
+121.1%
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
10%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by -8.9% over the last 12 months
3 year growth: +1.8%
5 year growth: -6.3%
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

Bull Ring, Ludlow, Shropshire, SY8
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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
£2,037
Based on a loan of £431,250 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.

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