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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
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Steventon New Road, Ludlow, Shropshire

West Midlands

£135,000
Listed on 07/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This residential building plot offers a unique opportunity in the desirable market town of Ludlow, located in South Shropshire. Spanning approximately 175 square meters, the plot comes with full planning permission granted by Shropshire Council, enabling the construction of a residential dwelling with a gross internal floor area of around 175 square meters. This permits the creation of a spacious and contemporary home within a well-established and visually appealing environment. While there is a Community Infrastructure Levy (CIL) associated with the site, potential self-builders may be eligible for certain exemptions, subject to meeting specific conditions and making the appropriate application. This makes it an intriguing option for those looking to invest in custom home construction or development. Ludlow’s rich historical backdrop enhances the appeal of this location. Renowned for its medieval architecture, including over 500 listed buildings such as Ludlow Castle, the town boasts charming streets lined with distinctive half-timbered houses. The cultural vibrancy and strong sense of community contribute to an idyllic lifestyle that merges history with rural serenity. The surrounding scenery is breathtaking, nestled within the Shropshire Hills Area of Outstanding Natural Beauty. With easy access to walking trails and outdoor activities, residents can enjoy nature while remaining connected to essential amenities. The town is equipped with reputable schools, healthcare facilities, and local shops that cater to everyday needs. Transport connections are robust; Ludlow Railway Station provides regular services to key cities like Shrewsbury, Hereford, Manchester, and Cardiff. Additionally, efficient road access via the A49 ensures that both West Midlands and South West regions are within comfortable reach. This plot stands out as a rare find in central Ludlow, presenting an exceptional investment potential for developers or individuals aiming to create their dream home in one of Shropshire’s most cherished locales.

Investment Analysis

(SY8 area)
Area Average
£290/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
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

Steventon New Road, Ludlow, Shropshire
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£495
Based on a loan of £101,250 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