5 bedroom detached for sale

£475,000

5

Bedrooms

2

Bathrooms

Floorplan

This substantial five-bedroom period property on Gravel Hill, Ludlow presents an excellent opportunity, offering extensive living space across multiple floors that would be perfect for a growing family looking to create their dream home.

The propertys layout includes generous living and dining rooms, a fitted kitchen with separate utility room, five well-proportioned bedrooms, a family bathroom, and additional shower room. Notable features include high ceilings, period details, and multiple cellar rooms providing valuable storage space. The property benefits from a private garden, perfect for outdoor entertaining.

Located in the historic market town of Ludlow, this property is ideally situated for accessing local amenities. The town centre, with its excellent selection of independent shops, restaurants, and the famous Ludlow Castle, is within easy walking distance. The property is also conveniently positioned for access to local schools, parks, and transport links.

Available with no onward chain, this characterful property presents a rare opportunity to create a spectacular family home in a prime location. With its period features and generous proportions offering immense potential, early viewing is strongly recommended to appreciate the scope for transformation this unique property offers.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,054.22

Total Interest: £264,518.34

Overall Total: £739,518.34

Amortization For Monthly Payment: £2,054.22 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£15,060.15 £9,590.46 £465,409.54 
2026£14,748.72 £9,901.90 £455,507.64 
2027£14,427.17 £10,223.45 £445,284.20 
2028£14,095.17 £10,555.44 £434,728.76 
2029£13,752.40 £10,898.21 £423,830.55 
2030£13,398.50 £11,252.11 £412,578.44 
2031£13,033.10 £11,617.51 £400,960.93 
2032£12,655.84 £11,994.77 £388,966.16 
2033£12,266.33 £12,384.28 £376,581.88 
2034£11,864.17 £12,786.44 £363,795.44 
2035£11,448.95 £13,201.66 £350,593.77 
2036£11,020.24 £13,630.37 £336,963.40 
2037£10,577.62 £14,072.100 £322,890.41 
2038£10,120.62 £14,529.100 £308,360.41 
2039£9,648.78 £15,001.84 £293,358.58 
2040£9,161.61 £15,488.100 £277,869.58 
2041£8,658.63 £15,991.98 £261,877.60 
2042£8,139.31 £16,511.30 £245,366.30 
2043£7,603.13 £17,047.48 £228,318.83 
2044£7,049.54 £17,601.07 £210,717.76 
2045£6,477.97 £18,172.64 £192,545.12 
2046£5,887.84 £18,762.77 £173,782.35 
2047£5,278.55 £19,372.06 £154,410.29 
2048£4,649.47 £20,001.14 £134,409.15 
2049£3,999.96 £20,650.65 £113,758.51 
2050£3,329.36 £21,321.25 £92,437.26 
2051£2,636.99 £22,013.62 £70,423.64 
2052£1,922.13 £22,728.48 £47,695.16 
2053£1,184.05 £23,466.56 £24,228.60 
2054£422.01 £24,228.60 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 382,075

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 25,843

Cumulative Rental Profit

£ 258,426

Cost of Purchase

£ 25,825
  • Stamp Duty
    £ 11,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11,875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 31,157
  • Mortgage Interest
    £ 17,193

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 7,524
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,700
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£ 531,326
  • Final Equity Profit
    £ 272,900

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 258,426

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 773,725

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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