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New Road, Ludlow, Shropshire

West Midlands

£175,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
547 sqft

Description

This mid-terrace property presents a unique opportunity for renovation within close proximity to Ludlow's vibrant Town Centre, located just half a mile away. The home features two bedrooms and offers captivating views of the surrounding countryside and iconic landmarks, including St Laurence’s Church and Ludlow Castle from the rear. While the interior requires updating, it retains a charming character that can be enhanced with thoughtful renovations. The layout includes a sitting room with a feature fireplace and built-in storage, an inner hall leading to essential living spaces, and a breakfast kitchen equipped with integrated appliances. Large UPVC double-glazed windows allow for ample natural light, creating a welcoming atmosphere. The first floor comprises two bedrooms; the primary bedroom includes built-in cupboards and additional dressing space, while the second bedroom also enjoys picturesque views. A functional bathroom completes this level. Outside, the fenced rear garden adds value with its potential for landscaping or personal touches. The property also benefits from an attached single garage accessible from Belle Vue Terrace, providing additional storage or parking options. Moreover, with no upward chain, this home is ideal for investors looking to capitalize on its renovation potential or those seeking to create a personal retreat in this picturesque location. A right of way leads down to Belle Vue Terrace, enhancing accessibility. This property is not just about immediate living; it's about envisioning future possibilities in a sought-after area rich in history and community charm.

Investment Analysis

(SY8 area)

Above Market Value

This property is priced +10.2% above area average per sq ft

+10.2%
This Property
£320/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£174,643
10% above area average per sq ft
Potential ROI
-12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by +5.0% over the last 12 months
3 year growth: 5.5%
5 year growth: 7.7%
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

New Road, Ludlow, Shropshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE