Worst House on the Street Logo
Richards Castle, Nr Ludlow, Shropshire. - Image 1
Richards Castle, Nr Ludlow, Shropshire. - Image 2
Richards Castle, Nr Ludlow, Shropshire. - Image 3
Richards Castle, Nr Ludlow, Shropshire. - Image 4
Richards Castle, Nr Ludlow, Shropshire. - Image 5
Richards Castle, Nr Ludlow, Shropshire. - Image 6
Richards Castle, Nr Ludlow, Shropshire. - Image 7
Richards Castle, Nr Ludlow, Shropshire. - Image 8
Richards Castle, Nr Ludlow, Shropshire. - Image 9
Richards Castle, Nr Ludlow, Shropshire. - Image 10
Richards Castle, Nr Ludlow, Shropshire. - Image 11
Richards Castle, Nr Ludlow, Shropshire. - Image 12
Richards Castle, Nr Ludlow, Shropshire. - Image 13
Richards Castle, Nr Ludlow, Shropshire. - Image 14
Richards Castle, Nr Ludlow, Shropshire. - Image 15

Richards Castle, Nr Ludlow, Shropshire.

West Midlands

£625,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Cottage
Area
1403 sqft

Description

This Grade II listed smallholding is set in approximately 8.4 acres in a charming village, providing ample opportunity for renovation and investment. The main cottage features period character with exposed beams and a traditional inglenook fireplace. A recently updated kitchen adds modern practicality to this picturesque home. The property also includes the former 'Parish Reading Room' which holds potential for conversion into an annexe, office, or studio (subject to planning permissions). The surrounding land is mainly grassland divided into paddocks, suitable for equestrian uses or livestock, with direct access to a stream. The outdoor space includes a well-maintained garden with mature trees and shrubs, alongside productive areas such as a vegetable plot and orchard. With further development possibilities within the existing structures, this estate presents significant potential for those looking to invest in a rural lifestyle while still being close to local amenities in nearby Ludlow and Leominster. This semi-rural setting offers not only scenic views but also excellent access to recreational opportunities in the beautiful West Midlands countryside.

Investment Analysis

(SY8 area)

Above Market Value

This property is priced +51.4% above area average per sq ft

+51.4%
This Property
£445/sq ft
Area Average
£294/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£454,116
10% above area average per sq ft
Potential ROI
-36.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (SY8)

Area prices are falling by -8.4% over the last 12 months
3 year growth: +2.0%
5 year growth: -2.0%
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

Richards Castle, Nr Ludlow, Shropshire.
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,254
Based on a loan of £468,750 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates