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Steventon New Road, Ludlow, Shropshire - Image 1
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Steventon New Road, Ludlow, Shropshire - Image 3
Steventon New Road, Ludlow, Shropshire - Image 4
Steventon New Road, Ludlow, Shropshire - Image 5
Steventon New Road, Ludlow, Shropshire - Image 6
Steventon New Road, Ludlow, Shropshire - Image 7

Steventon New Road, Ludlow, Shropshire

Wales

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Discover the potential of this building plot in Ludlow, Shropshire, where you can create a home tailored to your specifications in an area celebrated for its historical significance and natural beauty. Ludlow is renowned for its medieval architecture, captivating countryside vistas, and dynamic culinary scene, offering an ideal balance of serene rural living and cultural vibrancy. Located at the edge of town, the site spans approximately 0.35 acres, providing ample space to construct a detached residential property. The generous plot not only allows for a comfortable family home but also offers opportunities for outdoor spaces such as gardens, landscaping, and parking areas. This semi-rural setting benefits from a strong community atmosphere while remaining conveniently close to transport links like the A49 and local train services, ensuring easy access to nearby urban amenities. The plot comes with full planning consent from Shropshire Council (reference 25/00347/FUL) for a contemporary dwelling with a gross internal floor area of around 195 square meters (approximately 2,100 square feet). The approved plans present possibilities for versatile living arrangements that could incorporate open-plan areas and multiple bedrooms across two floors, allowing future homeowners to design a space that meets their lifestyle needs. While there is a Community Infrastructure Levy (CIL) liability associated with the site, self-builders may qualify for exemptions if they follow the necessary application processes. This aspect further enhances the investment potential of the property as it could cater well to individuals or developers looking to engage in self-build projects in this desirable location. Ludlow's combination of picturesque surroundings and modern conveniences makes this plot an attractive option for those looking to invest in real estate while creating a bespoke living environment.

Investment Analysis

(SY8 area)
Area Average
£297/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by +6.3% over the last 12 months
3 year growth: 8.3%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on SY8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Steventon New Road, Ludlow, Shropshire
Map showing location of Steventon New Road, Ludlow, Shropshire
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