2-bedroom flat · SY8 1BZ
Sold STCListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor apartment occupying a lovely position in the development enjoying far reaching views to open countryside. The property is well presented and has been improved by the current owner.
With electric heating and double glazing the property is now available with no upward chain and viewing is highly recommended.
Introduction College Court is located in the heart of historic Ludlow just behind Castle Square.
A complex of retirement apartments for residents aged 55 and over, College Court has a property manager who looks after the development, there is no on site care as such however each apartment has a warden call system.
The development is managed by First Port Retirement Property Services.
19 College Court is a ground floor apartment occupying a lovely position in the development enjoying far reaching views to open countryside.
The property is well presented and has been improved by the current owner.
With electric heating and double glazing the property is now available with no upward chain and viewing is highly recommended.
Overlooking a pretty internal courtyard there is an external store cupboard and next to this is the main entrance door Hall With door opening to Sitting/Dining Room 4.84m x 3.68m With double glazed window enjoying far reaching views to surrounding countryside.
Feature fireplace with fitted electric fire on marble hearth.
Wood effect flooring and doors opening to Refitted Kitchen 3.32m x 2.16m Appointed with a range of wall and base units with inset sink unit, integrated stainless steel electric oven and integrated ceramic hob.
Space for fridge/freezer and plumbing for washing machine. Part tiled walls. With double glazed window overlooking pretty internal courtyard.
Bedroom Two 3.34m x 1.86m With double glazed window overlooking Courtyard. Wood effect flooring.
Inner Hall With storage cupboard off and doors opening to Refitted Shower Room Appointed with a white suite of wash basin and wc, good sized walk in shower.
Part tiled walls and tiled effect flooring. Bedroom One 3.38m x 2.83m With a fitted double wardrobe with overhead cupboards and double glazed window overlooking courtyard. Wood effect flooring.
Communal grounds The complex is set in pretty communal grounds with courtyards and various seating areas.
Tenure & Service Charge The property is of leasehold tenure with a term of 99 years from 29th September 1986. The ground Rent is £96 per annum.
An annual service charge of £2571.50 is payable. The complex is managed by First Port Retirement Property Services, Marlborough House, Wigmore Place, Wigmore Lane, Luton. LU2 9EX.
The service charge includes maintenance and lighting of all communal areas and also buildings insurance. Restrictive Covenants Residents must be 55 and over.
Not to use the property for any purpose other than as a warden controlled sheltered housing accommodation for elderly people of 55 years and over. The property is within a conservation area.
Mobile & Internet Coverage Please refer to Ofcom by using the following link; 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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About College Court, Ludlow, Shropshire
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