1-bedroom flat · SY8 1AS
For saleListed 355 days
Opportunity summary
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About
In the heart of historic Ludlow overlooking Castle Square this third floor apartment offers light and airy accommodation. With a newly fitted Kitchen and electric heating.
Enjoying views over the Town. Available with no upward chain.
Introduction Castle Street is located in the very heart of historic Ludlow overlooking Castle Square and with a lovely view of St Laurence's Church.
CAstle Square is renowned for its open air markets selling local produce and goods.
Ludlow, one of England’s most sought-after Market Towns, is famed for its range of independent shops, cafes, and variety of pubs and restaurants.
The nearby Assembly Rooms is a wonderful entertainment venue with live theatre, a cinema and many events throughout the year.
A Grade II Listed Building, 3 Castle Street has Apartments on the first, second and third floors.
Flat D is a third floor Apartment which has been much improved by the current owners and offers tastefully presented, light and airy accommodation.
The building is managed by a professional management company and the residents all own an equal share of the Freehold. A communal entrance door with intercom opens to the communal Hallway.
Stairs rise to the third floor and an entrance door (truncated) Hall With access to roof space, airing cupboard off housing immersion heater and doors opening to Sitting Room 4.7m x 3.2m A light and airy room with paned window to front enjoying views over Castle Square, exposed timbers, two electric wall panel heaters and door opening to Breakfast Kitchen 4.69m x 1.88m The Kitchen is newly fitted with a range of contemporary units with wooden work surface.
With inset one and half bowl sink unit, space for full height fridge freezer, space for cooker with fitted extractor hood over and space and plumbing for washing machine.
With vinyl flooring, space for table and chairs and paned window to front enjoying lovely views. Wall mounted electric panel heater.
Bathroom Appointed with a white suite of panelled bath with central tap, electric shower over and fitted shower screen. Wash basin with mirror light over and WC.
Part tiled walls and chrome heated towel radiator. Bedroom 4.02m x 2.55m A lovely room with full height paned window to rear enjoying far reaching views and wall mounted electric panel heater.
Service Charge An annual service charge is payable for the maintenance, and management on the building and communal areas, buildings insurance and fire safety.
The charge for 1st January 2025 to 31st December 2025 is £1791.13. The building is managed by Colmore Gaskell managing agents for the Freeholder 3 Castle Street RTM Company Limited.
Tenure - Leasehold Share of Freehold The property is of leasehold tenure with a 999 year lease from 1st January 1989.
The owners of the apartments in the building all own an equal share of the Freehold. The Freehold is owned by 3 Castle Street RTM Company Limited.
A share of the Freehold will be transferred to the purchaser upon completion. Restrictive Covenants A copy of the lease is available from the selling agents.
The following restrictive covenants should be noted. No trade, manufacture or business shall be carried on upon the flat.
Not to use the flat or permit the same to be used for any purposes whatsoever other than as a private dwelling.
No livestock other than domestic dogs, cats and caged birds or fish in aquaria shall be kept in the flat and no such livestock shall be kept for breeding or rearing purposes.
No signs, hoardings or erections for advertisements shall be erected nor notices posted upon any part of the flat.
Mobile and Internet Coverage Please refer to Ofcom by using the following link; Anti Money Laundering Checks Anti Money Laundering Checks - AML checks will be undertaken for successful buyers and there is a fee of £15 plus vat per person payable.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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