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Bull Ring, Ludlow, Shropshire, SY8

West Midlands

£575,000
Listed on 29/01/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
5300 sqft

Description

This historic freehold property boasts a total of 5,300 sqft and is situated in the centre of Ludlow's vibrant market area. The ground floor features approximately 1,500 sqft of retail space, accompanied by two upper storeys amounting to about 2,500 sqft, along with a courtyard building covering an additional 1,300 sqft and a cellar. It presents an intriguing investment opportunity with existing planning consent for the development of two luxury two-bedroom apartments on the upper levels. The shop level shows promise for diverse commercial uses such as a coffee shop or wine bar, pending necessary approvals. The property is available as a whole or can be divided into individual lots. A noteworthy aspect is that both the upper floors and the courtyard building have independent access points separate from the retail area, enhancing their appeal for potential residential conversion. This Grade II listed building retains many original features including charming wooden sash windows and period detailing which could be restored to create distinctive living spaces or commercial environments. With its configuration and location within Ludlow's main shopping thoroughfare, this property is ripe for transformation.

Investment Analysis

(SY8 area)

Below Market Value

This property is priced -63.0% below area average per sq ft

-63.0%
Potential saving
This Property
£108/sq ft
Area Average
£293/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,709,064
10% above area average per sq ft
Potential ROI
+135.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +7.0%
5 year growth: +1.1%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,074
Based on a loan of £431,250 over 30 years at 4.06% 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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