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Bull Ring, Ludlow, Shropshire, SY8

West Midlands

£575,000

Listed on 29/01/2025

Property Details

Bedrooms
4
Type
Shop
Area
5300 sqft

Description

This historic freehold property offers an expansive total of 5,300 sqft, featuring a blend of ground floor retail space and upper-level accommodation in the heart of Ludlow. The property includes approximately 1,500 sqft dedicated to retail, supplemented by around 2,500 sqft for living quarters and a 1,300 sqft courtyard building. With planning consent already in place for two luxury apartments on the upper floors, this site presents an inviting prospect for investors eager to capitalize on its potential. The ground floor offers versatile usage opportunities—ideal for a coffee shop or wine bar among other possibilities, pending necessary approvals. This unique offering encompasses a cellar and private courtyard, providing further expansion possibilities. The notable architectural details dating back to the nineteenth century add character throughout the premises. Both levels of accommodation boast original features such as high ceilings with elegant decorations and exposed wooden flooring that can be restored to enhance aesthetic appeal. The separate access to both residential spaces and the courtyard building allows for flexible development strategies. Notably, renovation efforts could expand further into the courtyard structure enhancing its functionality and value.

Investment Analysis

(SY8 area)

Below Market Value

This property is priced -63.2% below area average per sq ft

-63.2%
Potential saving
This Property
£108/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£244
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,718,976
10% above area average per sq ft
Potential ROI
+108.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by -6.7% over the last 12 months
3 year growth: +0.1%
5 year growth: -5.8%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,051
Based on a loan of £431,250 over 30 years at 3.97% 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.

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