2 Bed Flat, Single Let, Ludlow, SY8 1RL, £90,000

Tower Street, Ludlow, Shropshire, SY8 1RL - 1 views - 2 months ago

Leasehold

Auction

BTL

ROI: 7%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£96K - £280K
Sold Prices/m²	£1.5K/m² - £4K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£112,500£112,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,400£26,400

Cash Out
Rent Range	£444 - £895£444 - £895
Rent Estimate	£576
Running Costs/mo	£416£416
Cashflow/mo	£160£160
Cashflow/yr	£1,915£1,915
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

20 sold prices from £96K to £280K, average is £145K. £1.5K/m² to £4K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£164K	01/23	0.02 mi	4a, Tower Street, Ludlow, Shropshire SY8 1RL	£2,103	78	2	Flat
£142.5K	04/21	0.09 mi	10a, Broad Street, Ludlow, Shropshire SY8 1NG	£2,010	71	2	Flat
£195K	09/23	0.11 mi	41, Friars Garden, Ludlow, Shropshire SY8 1RX	£2,910	67	2	Flat
£155K	05/22	0.12 mi	5, College Court, Ludlow, Shropshire SY8 1BZ	-	-	2	Flat
£145K	02/23	0.12 mi	11, College Court, Ludlow, Shropshire SY8 1BZ	-	-	2	Flat
£170K	07/23	0.12 mi	9, College Court, Ludlow, Shropshire SY8 1BZ	£2,782	61	2	Flat
£145K	01/23	0.12 mi	21, College Court, Ludlow, Shropshire SY8 1BZ	£2,539	57	2	Flat
£105K	10/23	0.12 mi	8, College Court, Ludlow, Shropshire SY8 1BZ	£1,667	63	2	Flat
£105K	12/22	0.13 mi	10, College Court, Ludlow, Shropshire SY8 1BZ	£1,522	69	2	Flat
£177.5K	06/22	0.14 mi	6, Friars Garden, Ludlow, Shropshire SY8 1RX	£2,958	60	2	Flat
£230.5K	07/22	0.2 mi	29, Townsend Close, Ludlow, Shropshire SY8 1UN	£2,478	93	2	Flat
£280K	10/22	0.2 mi	31, Townsend Close, Ludlow, Shropshire SY8 1UN	£4,043	69	2	Flat
£96K	09/21	0.2 mi	4, Townsend Close, Ludlow, Shropshire SY8 1UN	£2,000	48	2	Flat
£150K	08/22	0.23 mi	Flat 38, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	-	-	2	Flat
£108K	05/23	0.23 mi	Flat 25, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	-	-	2	Flat
£142K	10/23	0.23 mi	Flat 45, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	-	-	2	Flat
£127.5K	03/23	0.23 mi	Flat 26, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	-	-	2	Flat
£115K	11/22	0.23 mi	Flat 48, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	-	-	2	Flat
£145K	03/23	0.23 mi	Flat 1, Burgess Court, Gravel Hill, Ludlow, Shropshire SY8 1QW	£2,458	59	2	Flat
£160K	09/23	0.49 mi	61, Raglan Place, Ludlow, Shropshire SY8 2LW	-	-	2	Flat

Local Rents

12 rents from £444/mo to £895/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£800	09/24	0.07 mi	-	2	Flat
£800	12/24	0.07 mi	-	2	Flat
£700	09/24	0.08 mi	Broad Street, Ludlow, Shropshire	2	Flat
£800	12/24	0.12 mi	-	2	Flat
£800	12/24	0.12 mi	-	2	Flat
£895	09/24	0.12 mi	Lower Galdeford, Ludlow	2	Terraced House
£800	09/24	0.12 mi	-	2	Flat
£800	09/24	0.12 mi	-	2	Flat
£501	02/25	0.47 mi	-	2	Terraced House
£444	09/24	0.49 mi	-	2	Terraced House
£700	09/24	0.61 mi	-	2	Semi-Detached House
£800	09/24	0.61 mi	-	2	Semi-Detached House

Local Area Statistics

Population in SY8	18,85418,854
Town centre distance	0.25 miles away0.25 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.20 miles away0.20 miles away

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

Property History

Listed for £90,000

January 28, 2025

Floor Plans

Description

Two Bedrooms +
Sitting / Kitchen Area +
Bathroom +
Separate W/C +
First Floor Accomodation +
Central town location +

For sale via Traditional method of Auction with a guide price of £90,000

Situated in the heart of the historic town of Ludlow with fantastic facilities and places of interest on your door step.

The property consists of an open plan sitting and kitchen area, two bedrooms, a good sized bathroom plus separate w/c

Leasehold
Ground Rent: £200 per annum for the first 25 years of the Term; £400 per annum for the second 25 years of the Term and £800 per annum for the remainder of the Term.
Term of Lease: 999 years from 1 January 2010

Mobile coverage from all four major networks.
Full Fibre Broadband
All services are mains connected
On street parking

*Results provided by Ofcom and correct at time of listing*

Agent Details

D B Roberts & Partners, Telford

01952 458201

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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