1-bedroom house · SY8 1DJ
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented ground floor garden retirement apartment sits at the rear of the development with a patio and overlooks the communal gardens.
The property is worthy of internal inspection and briefly includes: Entrance hall, large walk-in storage cupboard, living room with flame effect fire.
Well appointed kitchen, double bedroom with fitted wardrobe and house shower room. The development has an excellent range of communal facilities and is a short walk into Ludlow town Centre.
Location: - Betjeman Lodge is located at the bottom of Corve Street close to Tesco and the railway station and just a short walk into Ludlow's historic core.
For those that are looking for a community, the complex has weekly activities that include: coffee mornings afternoon tea, tai chi, knitting, film night and book club along with trips out and special events.
Accommodation: - Front door opens into the reception hallway with large walk-in storage cupboard.
Lounge / dining room has a door and window out onto rear garden with patio and a feature fireplace with electric fire Kitchen has a range of matching units with integrated hob, extractor fan, oven, fridge freezer, and washing machine Double bedroom has window to rear and fitted wardrobe Shower room with modern suite to incorporate a WC wash hand basin with vanity cupboard and corner shower cubicle Outside: - The property enjoys well-maintained and level communal gardens.
This flat enjoys a ground floor position and a small patio off the living room. Tenure: - The property is leasehold with a 999 year lease which commenced on 1st of April 2018.
Ground rent is £812.66 per annum.
Service charges are £3030.72 for the 25 / 26 year which includes: building insurance, communal heating, water and sewage rates, 24 hour Care Line and facility Lodge manager Services: - We understand that the property has mains electric, mains water and mains drainage.
The heating system is a communal system via a ground source heat pump which can be boosted to provide additional heat when required and helps cool in the summer months. Windows are UPVC double glazed.
Broadband Speed: 17 to 1800 Mbps Flood Risk: Very low Local Authority: Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, Shropshire SY2 6ND.
Tel Council Tax Band: B Should a sale be agreed, please note that under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 we are required to complete Anti-Money Laundering (AML) checks for all purchasers.
We use Movebutler, a secure HMRC-approved platform by Credas, to collect purchasers’ proof of identity.
A charge of £25 per person will be collected by Movebutler, a link will be sent to you to carry out these proof of identity checks.
Mortgage Services: We offer a no obligation mortgage service through Hilltop Mortgage Solutions. Please ask a member of our team for further details.
Referral Services: Samuel Wood routinely refers vendors and purchasers to providers of conveyancing and financial services.
We may receive fees from them as declared in our Referral Fees Disclosure Form. Viewings: Strictly by appointment only, please contact the office on or email .
For out of hours enquiries please contact Andrew Cadwallader Agents Notes: - 1.The property is Leasehold for 999 years, commencing in 2018 2.Ground Rent is £812.66 per annum 3.Service charge is £3092.74 for the 2026 / 2027 year which includes building insurance, communal heating, water and sewage rates, 24 hour care Line and facility lodge manager
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Corve Street, Ludlow
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