2-bedroom flat · SY8 1RX
For saleListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and airy second floor loft apartment in this sought after development just a few hundred yards from Ludlow's historic Town Centre. Enjoying super views over the town.
Available with no upward chain. Open Plan Living/Dining Room 8.18m x 3.73m A superb living space with UPVC double glazed dormer windows to the front and wall mounted electric fire.
Kitchen 2.68m x 2.52m Appointed with a range of wall and base units with inset sink unit with macerator, integrated Bosch fridge/freezer, integrated Bosch stainless steel oven and integrated gas hob.
Space and plumbing for washing machine, wood effect flooring and part tiled walls. UPVC double glazed window to side.
Inner Hall Off the living/dining room the inner hall has a useful storage cupboard and doors open to Bedroom One 3.04m x 2.78m A lovely room with UPVC double glazed window to rear enjoying views over the town to St Laurence's church.
Large built in wardrobe. Bedroom Two 3.5m x 1.89m With UPVC double glazed window to rear enjoying lovely views. A door opens to the Landing.
Bathroom Appointed with A suite of bath with shower over, wash basin and wc. Extractor fan and fully tiled walls.
Outside To the rear of the Apartments is a car park and there is one allocated parking space for number 42. The single garage has an up and over door and useful eaves storage space.
Tenure Share of Freehold. The Freehold is owned by Friars Garden (Ludlow) Management Company Limited, each of the five owners hold a share in the company. The lease is 125 years from June 2004.
Service Charge An annual service charge of £1000 per annum is payable this covers maintenance, cleaning and lighting of the external and internal communal areas and buildings insurance.
Agents Notes Restrictive Covenants - None that we are aware of.
Mobile and Internet Coverage - Please refer to Ofcom by using the following link; Money Laundering Checks - AML checks will be undertaken for successful buyers and there is a fee of £18 including VAT per person payable.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Friars Garden, Ludlow, Shropshire
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