5-bedroom house · SY8 1BH
For saleListed 69 days
Opportunity summary
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About
The Mill House is one of the finest properties Ludlow town has to offer, occupying a truly magnificent and tranquil setting at the bottom of Lower Mill Street.
The views are simply outstanding overlooking the River Teme and towards Whitcliffe. The property has a rendered and part timbered façade.
Ground Floor • Light-filled reception hall with handsome staircase and large window.
• Spacious kitchen/dining room boasting wonderful proportions and fully fitted with integrated units and appliances including a traditional electric aga, Bosch induction hob, oven and grill, dishwasher and more.
The room offers exceptional space for dining. • There is a secondary kitchen/utility room with further units and an oven. There is access to the courtyard from here.
Adjacent is a useful larder providing further storage. • The sitting room is a particularly special room boasting tremendous proportions and an array of exposed beams throughout.
There is a double aspect and French doors leading on to the idyllic terrace area. An inglenook fireplace houses a wood burning stove.
• The study/family room leading in to the garden room is a pleasant space with integrated bookcases and the garden room is fully glazed to enjoy the wonderful setting.
• The boot room has further units, storage and a wash basin. • Cloakroom WC. First Floor • Magnificent principal bedroom with vaulted ceiling and exposed beams.
There is a walk-in dressing room and an en-suite modern shower room. • Two further double bedrooms (one en-suite). • Family bathroom with built-in storage. Second Floor • Two further double bedrooms.
• Eaves storage. • Shower room Outside • The gardens are beautifully landscaped and are mainly laid to lawn with some wonderfully stocked herbaceous borders and shrubbery throughout.
• There is a scenic pathway leading down to the river. • The terrace area is particularly special and enjoys the wonderful view of the River Teme.
There is ample space for seasonal al-fresco dining and entertaining. • There is a substantial gravelled driveway with parking for a number of vehicles.
The Pump House (Lot 2) The property comes with the commercial property The Pump Room, please see the accompanying plan.
The building is currently occupied as a Beauty Salon with a current tenant, however could be used for a variety of other uses (subject to the necessary consents).
The accommodation comprises: • Five treatments rooms, three with basins in. • A shower room. • A utility/kitchenette. • Two store rooms.
Please note that this has a current lease until March 2029 with a break clause March 2027. Services: Mains water, gas, electricity, and drainage.
Agents Note: There will be a right of way in favour of Lot 1 for access and various covenants will be imposed on Lot 2 in favour of Lot 1.
Wayleaves, easements and rights of way: The property will be sold subject to and with the benefits of all wayleaves, easements and rights of way, whether mentioned in these sales particulars or not.
The Mill House occupies arguably one of the best spots in Ludlow Town.
The house sits at the bottom of Lower Mill Street and although being walking distance to all of the day-to-day amenities the town has to offer, is particularly private and tranquil with wonderful views of the river and towards Whitcliffe.
The market town of Ludlow has an abundance of shops, restaurants, pubs and much more. The town boasts a wealth of history and charm.
There is a train station and the A49 connects to the wider motorway network. For further shopping and leisure, Shrewsbury and Hereford can both be easily reached.
Distances: Market Square 0.2 of a mile, Train Station 0.7 of a mile, Shrewsbury 28 miles What3words: ///engage.documents.kilt
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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