Corve Street, Ludlow

Description

Hallway 4.64m x 1.97m (15’2″ x 6’5″)
The entrance hall way leads from the communal stairs and landing. A generously proportioned entrance hallway that could easily accommodate an office work space or bicycle storage. This space is laid with carpet, is lit with spotlights and leads up 3 steps to the lounge-kitchen-diner and down one step to the rest of the flat. Electrical power sockets.

Kitchen/dining/living room 4.6m x 4.74m (15’1″ x 15’6″)
A bright and spacious room with georgian pane sash window to front and fitted with an attractive range of light wood effect floor and wall mounted cabinetry with built under electric oven, four ring electric hob with extractor canopy hood over, the breakfast bar has an inset stainless steel sink and mixer tap, plumbing for automatic washing machine, power points.

Bedroom 1 3.39m x 3.14 (11’1″ x 10’3″)
Located at the front of the property on the right, the master bedroom is a good-sized double with space for free-standing furniture. The room is bright, having a large secondary-glazed window overlooking the road at the front. There is a radiator, drop ceiling light and electrical power sockets.

Bedroom 2 2.93m x 2.72m (9’7″ x 8’11”)
A second room which would comfortably accommodate a double bed, this room makes the property an ideal let for two sharing professionals, as-well as a family or couple. The space has a drop ceiling light, radiator, secondary glazed window and electrical sockets. The accommodation could sleep four adults or a family with children for the purposes of either rental or holiday letting

Bathroom
The bathroom features a white suite with a mains mixer shower over the bath, pedestal sink with taps, w.c. with macerator, and extractor fan. The coordinated tiles are white and the floor is laid to vinyl, central heating radiator.

Ebor Mews
The property is accessed via Ebor Mews, a private and pretty alley which runs from the gated access beside Ludlow Ink and runs parallel to Streatley Mews.

Tenure
The Property is Leasehold with a 99 year lease granted 1st January 2012. The lease provides for the possibility of both residential letting and holiday lets

Service Charge
Equivalent to 15% of costs

Ground Rent
The initial Rent of £75 per annum for first 25 years, £150 per annum for the next 25 years, £225 per annum for the next 25 years and £300 per annum for the remaining period.

Local Authority
Shropshire. The property is in Council Tax Band A which during Council Tax charge year 2023/2024 equates to £1,489.07 payable.

Letting
The current owners have previously successfully let both this apartment and 1b next door, both of which are now available with vacant possession. This flat and it’s neighbour would make a great buy-to-let rental, or fabulous holiday let option. The 2 units are currently independent of each other, but subject to permission, could be joined with a Jack-and Jill door, allowing for greater flexibility and wider marketing appeal.
The lease has provision for holiday letting, and enquiries with Sykes indicate a gross return of £18,000 or more per unit. We would market this flat for rental at £700 pcm.