3 Bed Terraced House, Refurb/BRRR, Ludlow, SY8 2NS, £185,000

6 Lacy Road, Ludlow, Shropshire, SY8 2NS - 3 views - 8 months ago

Refurb/BRRR
~77 m²
+10 photos

ValuationUndervalued

Sold Prices£156K - £475K
Sold Prices/m²£1.9K/m² - £4.1K/m²

 

 

Square Metres

~76.60 m²
Price/m²£2.4K/m²

Value Estimate

£198,900
BMV2%

 

 

End Value (After Refurb)

£207,949

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£7,050

Refurb Costs

£30,311

Bridging Loan Interest

£4,856

Total Cash In

£90,217

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,949

Mortgage (After Refinance)

£155,962

Mortgage LTV

75%

Cash Released

£17,212

Cash Left In

£73,005

Equity

£51,987

Rent Range

£431 - £1,350

Rent Estimate

£799

Running Costs/mo

£830

Cashflow/mo

£-31

Cashflow/yr

£-368

Gross Yield

5%

Local Sold Prices

50 sold prices from £156K to £475K, average is £239.5K. £1.9K/m² to £4.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£167.5K05/210.02 mi1, Lacy Road, Ludlow, Shropshire SY8 2NS3
£156K12/200.02 mi24, Lacy Road, Ludlow, Shropshire SY8 2NS3
£194K11/200.06 mi36, Hucklemarsh Road, Ludlow, Shropshire SY8 2PW3
£170K09/210.07 mi36, Hamlet Road, Ludlow, Shropshire SY8 2NP3
£250K06/230.08 mi18, Dodmore Lane, Ludlow, Shropshire SY8 2NT3
£225K10/200.09 mi21, Hayton View, Ludlow, Shropshire SY8 2NU3
£250K12/220.09 mi4, Dodmore Lane, Ludlow, Shropshire SY8 2NT3
£285K11/220.1 mi61, New Street, Ludlow, Shropshire SY8 2NJ3
£295K07/230.11 mi11a, Beech Close, Ludlow, Shropshire SY8 2PD3
£265K03/230.13 mi48, Henley Orchards, Ludlow, Shropshire SY8 1TN3
£230K11/200.14 mi21, Bringewood Road, Ludlow, Shropshire SY8 2NA3
£302K06/210.14 mi24, Bringewood Road, Ludlow, Shropshire SY8 2NA3
£238K10/200.14 mi44, Henley Orchards, Ludlow, Shropshire SY8 1TN3
£197.5K10/200.14 mi24, Henley Orchards, Ludlow, Shropshire SY8 1TN3
£232.5K06/210.14 mi2, Henley Orchards, Ludlow, Shropshire SY8 1TN3
£295K04/230.15 mi7, Stanton Drive, Ludlow, Shropshire SY8 2PH3
£262.5K12/200.16 mi66, Bringewood Rise, Ludlow, Shropshire SY8 2NE3
£415K08/210.16 mi21, Castle View Terrace, Ludlow, Shropshire SY8 2NG3
£360K03/210.16 mi10, Castle View Terrace, Ludlow, Shropshire SY8 2NG3
£450K06/230.16 mi21, Castle View Terrace, Ludlow, Shropshire SY8 2NG3
£228K06/230.16 mi26, Henley Road, Ludlow, Shropshire SY8 1RA3
£215K09/230.16 mi6, Henley Road, Ludlow, Shropshire SY8 1RA3
£236K03/230.16 mi20, Henley Road, Ludlow, Shropshire SY8 1RA3
£200K02/230.16 mi21, Henley Orchards, Ludlow, Shropshire SY8 1TW3
£239K02/210.16 mi29, Henley Orchards, Ludlow, Shropshire SY8 1TW3
£240K09/220.19 mi25, Henley Orchards, Ludlow, Shropshire SY8 1TW3
£158K07/230.2 mi41, Potter Close, Ludlow, Shropshire SY8 1UD3
£185K07/210.2 mi19, Potter Close, Ludlow, Shropshire SY8 1UD3
£208K01/240.23 mi29, Weyman Road, Ludlow, Shropshire SY8 1QJ3
£320K11/200.23 mi14, Stanton Road, Ludlow, Shropshire SY8 2LR3
£190K07/210.23 mi59, Henley Road, Ludlow, Shropshire SY8 1RJ3
£337K05/210.24 miLydstep, Sandpits Road, Ludlow, Shropshire SY8 1HG3
£333.5K10/210.25 miApple Tree Cottage, 20, Fishmore Road, Ludlow, Shropshire SY8 2LU3
£315K11/220.26 mi9, Stanton Road, Ludlow, Shropshire SY8 2LR3
£285K06/210.26 mi17, Belle Vue Terrace, Ludlow, Shropshire SY8 2NZ3
£167K01/210.27 miWindyridge, New Road, Ludlow, Shropshire SY8 2LS3
£324K01/240.33 mi9, Fishmore View, Ludlow, Shropshire SY8 2PR3
£335K04/240.33 mi7, Fishmore View, Ludlow, Shropshire SY8 2PR3
£380K03/210.33 mi58, Julian Road, Ludlow, Shropshire SY8 1HD3
£475K01/240.34 mi17, Julian Road, Ludlow, Shropshire SY8 1HA3
£205K03/240.34 mi2, Whitbread Road, Ludlow, Shropshire SY8 1HZ3
£295K01/230.35 mi9, St Marys Mews, Ludlow, Shropshire SY8 1FG3
£250K12/220.35 mi59, Quarry Gardens, Ludlow, Shropshire SY8 1RE3
£225K04/230.36 mi65, Quarry Gardens, Ludlow, Shropshire SY8 1RE3
£217.5K09/220.37 mi49, Quarry Gardens, Ludlow, Shropshire SY8 1RE3
£305K04/210.38 mi50, Corve Street, Ludlow, Shropshire SY8 1DU3
£202.5K05/210.39 mi9, Downton View, Ludlow, Shropshire SY8 1JE3
£271K03/230.39 mi3, Downton View, Ludlow, Shropshire SY8 1JE3
£190K04/240.39 mi90, Corve Street, Ludlow, Shropshire SY8 1EB3
£195K05/210.39 mi39, Quarry Gardens, Ludlow, Shropshire SY8 1RD3

Local Rents

44 rents from £431/mo to £1.4K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£62502/250.1 mi-1
£62502/250.1 mi-1
£59505/240.12 mi-1
£77512/240.14 mi-2
£77512/240.14 mi-2
£55011/240.14 mi-1
£80009/240.16 miStanton Road, Ludlow2
£1,35009/240.21 miGravel Hill, Ludlow, Shropshire4
£90009/240.24 miBelle Vue Terrace, Ludlow, Shropshire3
£1,20009/240.43 miGravel Hill, Ludlow3
£77502/250.46 mi-1
£43103/250.51 mi-1
£79509/240.54 miSt Margaret Road, Ludlow, Shropshire2
£79509/240.55 miSt Margarets Road, Ludlow2
£50004/240.55 mi-1
£70009/240.56 mi-2
£80009/240.56 mi-2
£99511/240.56 mi-3
£80009/240.56 mi-2
£80012/240.56 mi-2
£50102/250.58 mi-2
£1,10009/240.59 miSt. Margaret Road, Ludlow4
£89509/240.6 miLower Galdeford, Ludlow2
£44409/240.61 mi-2
£60010/240.61 mi-1
£77511/240.63 mi-2
£80012/240.65 mi-2
£80012/240.65 mi-2
£72509/240.66 miThe Angel, Broad Street, Ludlow1
£65009/240.66 miOld Street, Ludlow, Shropshire1
£70009/240.67 miThe Buttercross, Ludlow1
£65009/240.67 miThe Angel, Broad Street, Ludlow1
£80009/240.68 mi-2
£80009/240.68 mi-2
£65009/240.68 miThe Angel, Broad Street, Ludlow1
£1,10009/240.69 miBaker Close, Ludlow, Shropshire4
£70009/240.69 miBroad Street, Ludlow, Shropshire2
£1,10009/240.72 miBaker Close, Ludlow4
£90009/240.78 miCharlton Rise, Ludlow3
£1,10002/250.79 mi-4
£77509/240.89 miParys Road, Ludlow, Shropshire3
£95001/250.94 mi-3
£57512/241.32 mi-1
£77505/241.35 mi-2

Local Area Statistics

Population in SY8

18,854

Town centre distance

0.72 miles away

Nearest school

0.50 miles away

Nearest train station

0.41 miles away

 

 

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £185,000

January 15, 2025

Price changed to £195,000

September 25, 2024

Listed for £199,950

August 14, 2024

Floor Plans

Description

  • 3 Bedroom End terraced House +
  • Mature residential area +
  • In need of modernisation +
  • Gas heating, upvc double glazing +
  • Garden front and rear +
  • Additional garden area a short distance away +
  • No onward chain +

This 3 bedroom end terraced house sits in a mature residential area within easy reach of ludlow’s town centre. Outside the property enjoys an enclosed garden to both front and rear and further garden area a short distance away. Accommodation in need of improvement but benefitting from gas fired heating and upvc double glazing includes: Entrance Hall, Kitchen / Dining Room, Pantry, Living Room, First Floor Landing, 3 Bedrooms and modernised Shower Room. No onward chain. EPC – on order

Recessed Porch - Having quarry tiled floor, front door then opens into

Entrance Hall - with fitted cupboard

Kitchen / Dining Room - 4.85m x 2.90m (15'10" x 9'6") - Having 2 windows to rear elevation and door to a rear porch. Kitchen area has a stainless steel sink unit with cupboards beneath. There is a door into a pantry cupboard with space and plumbing for washing machine, extensive shelving and the Worcester wall mounted gas fired boiler is housed here and heats domestic hot water and radiators. The dining area has ample room for table and chairs.

Sitting Room - 4.00m x 3.82m (13'1" x 12'6") - Has window to front elevation and a feature chimney breast with wooden fire surround and electric fire fitted.

First Floor Landing - Access to roof space and double doors into linen cupboard with radiator and shelves.

Bedroom 1 - 3.80m x 3.30m (12'5" x 10'9") - Having 2 windows to frontage.

Bedroom 2 - 3.80m x 2.10m (12'5" x 6'10") - Has window to rear elevation with a lovely view across the rooftops and a useful alcove.

Bedroom 3 - 3.86m x 1.84m (12'7" x 6'0") - Has window to frontage.

Shower Room - 1.86m x 1.66m (6'1" x 5'5") - Having window to rear, modernised suite in white of pedestal wash hand basin, wc and double width shower cubicle with shower fitted and tiled splashbacks.

Outside - The property is approached through into enclosed front garden with boarded fencing to both front and side elevations. Slab pathway leads to the front door, there is a lawned garden with attractive borders. Concrete pathway then leads down the side of the property passing a further flowering border through a gate into the rear garden. The garden nearest the house has been paved for ease of maintenance and is enclosed by boarded fencing. There is then a shared pathway which leads to a second garden area, this is enclosed by hedging and fencing, a garden shed and in the main is laid to lawn.

Services - Mains electricity, mains water, mains drainage and mains gas, gas fired heating to radiators, windows are upvc double glazed. Broadband speeds – 15 Mbps, 80 Mbps, 1000 Mbps. Flood Risk – No Risk.

Local Authority - Shropshire Council

Tax band - B

Viewings - Contact the Ludlow Office on Tel: or Craven Arms Office

Or you can email us at or visit our web site at

For out of office enquiries please phone Andrew Cadwallader on

Referrals - 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.

Agent Details

Samuel Wood, Ludlow

01584 708402

Next Steps?

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