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Lower Broad Street, Ludlow SY8 - Image 1
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Lower Broad Street, Ludlow SY8

West Midlands

£295,000
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Nestled on the charming Lower Broad Street, this period townhouse boasts a wealth of character and offers significant renovation potential for the discerning buyer. Just a leisurely walk away from Ludlow’s famous market square, the property is conveniently close to independent shops, cafes, and a mainline train station, making it an appealing option for those seeking both lifestyle and investment opportunities. This three-storey townhouse features flexible living arrangements, including an open-plan lounge and kitchen on the ground floor that presents numerous possibilities for reconfiguration and modernisation. The first floor houses a spacious reception room that could serve as an additional bedroom along with a family bathroom. The top floor includes two further bedrooms that enjoy delightful views over the town. While the interior retains many traditional characteristics such as exposed timber beams and a feature fireplace in the sitting room, it would benefit from updates to enhance functionality and aesthetics. This creates an ideal scenario for new owners to infuse their personal style into the home. A separate garden at the rear offers valuable outdoor space that can be transformed into a vibrant retreat or landscaped according to personal preference. With some light improvements, this area could become perfect for entertaining or relaxing. Additionally, there is a versatile outbuilding at the edge of the garden currently used for storage but with great potential as a workshop or creative studio—ideal for those seeking extra space outside of the main house. Lower Broad Street represents one of Ludlow’s most desirable locations, known for its historic charm and community atmosphere while being close to scenic countryside walks along the River Teme. With mains utilities already connected, this property presents an exciting chance to create a unique home full of character in one of Shropshire's most picturesque towns.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Lower Broad Street, Ludlow SY8
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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
£1,081
Based on a loan of £221,250 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