2 Bed Semi-Detached House, Single Let, Ludlow, SY8 3NL, £280,000

The Knowle, Clee Hill, Ludlow, Shropshire, SY8 3NL - 2 views - a year ago

BTL

~68 m²

+11 photos

ValuationOvervalued

Sold Prices	£187.5K - £490K
Sold Prices/m²	£2.7K/m² - £4.1K/m²

Square Metres	~68.11 m²
Price/m²	£4.1K/m²
Value Estimate	£209,257£209,257

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Rent Range	£488 - £4,000£488 - £4,000
Rent Estimate	£502
Running Costs/mo	£995£995
Cashflow/mo	£-493£-493
Cashflow/yr	£-5,921£-5,921
Gross Yield	2%2%

Local Sold Prices

10 sold prices from £187.5K to £490K, average is £265K. £2.7K/m² to £4.1K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£230K	11/22	0.67 mi	5, Dhustone Close, Clee Hill, Ludlow, Shropshire SY8 3RA	£3,333	69	2	Semi-Detached House
£212K	10/20	0.71 mi	3, Titterstone Close, Clee Hill, Ludlow, Shropshire SY8 3QZ	£2,684	79	2	Detached House
£275K	12/22	0.74 mi	13, Springfield Park, Clee Hill, Ludlow, Shropshire SY8 3QY	-	-	2	Detached House
£255K	11/23	0.97 mi	2, Victoria Cottages, Clee Hill, Ludlow, Shropshire SY8 3NB	£3,072	83	2	Semi-Detached House
£320K	06/21	1.31 mi	1, Scotts Lane, Knowbury, Ludlow, Shropshire SY8 3JP	£4,103	78	2	Detached House
£310K	02/21	1.31 mi	1, Ludlow Road, Clee Hill, Ludlow, Shropshire SY8 3PE	£3,444	90	2	Detached House
£290K	05/21	1.53 mi	16, Dhustone Lane, Clee Hill, Ludlow, Shropshire SY8 3PQ	£2,929	99	2	Detached House
£187.5K	12/20	1.96 mi	4, Whatsill, Hopton Wafers, Kidderminster, Shropshire DY14 0QB	£2,679	70	2	Semi-Detached House
£215K	06/21	2.22 mi	10, Titterstone Cottages, Clee Hill, Ludlow, Shropshire SY8 3PP	-	-	2	Terraced House
£490K	06/21	2.99 mi	The Old Green Cottage, Woodgate Green, Knighton On Teme, Tenbury Wells, Worcestershire WR15 8LX	£3,731	131	2	Detached House

Local Rents

7 rents from £488/mo to £4K/mo, average is £582/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	09/24	0.72 mi	-	3	Terraced House
£1,100	07/24	0.72 mi	-	3	Terraced House
£488	09/24	0.91 mi	-	1	Bungalow
£582	02/25	0.92 mi	-	2	Bungalow
£510	09/24	0.92 mi	-	1	Bungalow
£510	03/24	0.92 mi	-	1	Bungalow
£4,000	03/24	2.4 mi	Hopton Wafers, Kidderminster	10	Flat

Local Area Statistics

Population in SY8	18,85418,854
Town centre distance	5.07 miles away5.07 miles away
Nearest school	0.80 miles away0.80 miles away
Nearest train station	5.27 miles away5.27 miles away

Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £280,000

October 26, 2023

Floor Plans

Description

With large gardens with a Home Office and Workshop/Barn this character Two Bedroom Cottage is well presented throughout. Electric heating and UPVC double glazing. Off road parking, garage and wood store.

Agent Details

McCartneys LLP, Ludlow

01584 708413

Next Steps?

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