1-bedroom flat · SY8 1QW
For saleListed 230 days
Opportunity summary
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About
Burgess Court is a complex of luxury retirement apartments built by McCarthy & Stone conveniently located within level walking distance (less than approx. quarter of a mile) of Ludlow Town Centre.
Sitting on Level 2 (Middle Ground Floor) and having been much improved by the current owners, the accommodation includes Entrance Hall, Living Room, Kitchen, Double Bedroom and Shower Room.
The development is managed by FirstPort and occupiers are to be over 60 years of age. Burgess Court has a resident house manager and a 24-hour care line.
There is a lift to all floors, a resident's lounge, kitchen, dining area and patio, a laundry, a library and, by arrangement, a guest bedroom suite.
Energy Rating C Entrance Hall Emergency pull cord. Airing Cupboard Living Room Attractive outlook over the communal gardens. Electric storage heater. Emergency pull cord.
Kitchen Beautifully fitted with a matching range of wall and base units of cupboards and drawers. Granite work surfaces.
Integrated appliances to include freezer, washer/dryer, dishwasher, microwave, oven, hob and extractor hood. Bedroom Emergency pull cord. Electric storage heater. Fitted wardrobe.
Shower Room Nicely fitted with a white suite comprising Aqualux shower. Pedestal wash hand basin. Low flush WC. Bidet. Tiled floor. Extractor fan. Electric heater. Fully wall tiled.
Communal Gardens To the side and rear of Burgess Court are delightful gardens for the use of all the residents. With various seating areas the gardens enjoy a wooded outlook.
The development also enjoys communal parking (first come, first served basis) Agent's Note The sellers inform us that the annual ground rent is currently £395.00 The annual service charge is currently £3,071.80 These charges are payable quarterly, split over the year A 125 year lease was granted from the 1st February 2006
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.
Area
Agent & docs
FAQ
About Gravel Hill, Ludlow, Shropshire
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