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16 Tower Street is a residential building situated on Tower Street, Ludlow, SY8 with 2 addresses.
It ranks as the 44th largest and 64th most expensive of the 227 buildings in the SY8 area.
The building contains a total of 2 properties: 2 flats.
16 Tower Street is a residential building situated on Tower Street, Ludlow, SY8 with 2 addresses.
It ranks as the 44th largest and 64th most expensive of the 227 buildings in the SY8 area.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £101,249 for 2 bedroom leasehold flats (742 ft2) to £174,977 for 3 bedroom freehold houses with a garden (1,142 ft2) .
Monthly rental prices range from £517 pcm for 2 bed flats to £753 pcm for 3 bed houses.
The gross rental yield is between 5.2% and 6.1%.
The average value per square foot is £145.
The last sale in 16 Tower Street sold for £180,000 on 11th February 2008. Since then prices are up an average of 23.4%.
The current average value in the building is £138,113.
The 16 Tower Street Sales Market has increased by 26.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.1% | £138,113 |
| May 2025 | -4.3% | £139,711 |
| May 2024 | 0.9% | £145,993 |
| May 2023 | 0.9% | £144,705 |
| May 2022 | 9% | £143,436 |
| May 2021 | 3.4% | £131,617 |
| May 2020 | 3.7% | £127,288 |
| May 2019 | 4.2% | £122,785 |
| May 2018 | -0.8% | £117,852 |
| May 2017 | 8.9% | £118,786 |
| May 2016 | 5.5% | £109,090 |
| May 2015 | 0.6% | £103,409 |
| May 2014 | 4.8% | £102,805 |
| May 2013 | 1.5% | £98,054 |
| May 2012 | 2.8% | £96,604 |
| May 2011 | -0.9% | £94,009 |
| May 2010 | -3.5% | £94,906 |
| May 2009 | -7.5% | £98,367 |
| May 2008 | -3.5% | £106,390 |
| May 2007 | 0% | £110,192 |
The current average rental value in the building is £635.
The 16 Tower Street Rental Market has increased by 52.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.6% | £635pcm |
| May 2025 | 7.6% | £613pcm |
| May 2024 | 4.7% | £570pcm |
| May 2023 | 8.4% | £544pcm |
| May 2022 | 8.8% | £502pcm |
| May 2021 | 1.8% | £462pcm |
| May 2020 | 0% | £454pcm |
| May 2019 | 4.5% | £453pcm |
| May 2018 | -0.3% | £434pcm |
| May 2017 | 4.7% | £435pcm |
| May 2016 | -3.6% | £415pcm |
| May 2015 | 5.7% | £431pcm |
| May 2014 | -1.8% | £407pcm |
| May 2013 | 7.4% | £415pcm |
| May 2012 | -8.5% | £386pcm |
| May 2011 | -4.4% | £423pcm |
| May 2010 | 4.5% | £442pcm |
| May 2009 | 0.6% | £423pcm |
| May 2008 | 4.6% | £420pcm |
| May 2007 | 0% | £402pcm |
The last sale was on 11th February 2008 for £180,000 and since then the market in the area has increased by 23.4%. The building has had a total of 2 sales since 1995.
16, Tower Street, Ludlow, SY8 1RL has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 16, Tower Street, Ludlow, SY8 1RL is Ludlow station which is 300 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Tower Street, Ludlow, SY8 1RL, 60.6% of property is privately rented and 26.1% is privately owned outright.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Tower Street, Ludlow, SY8 1RL, 3.7% of residents are recorded as possessing school level qualifications and 46.0% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Tower Street, Ludlow, SY8 1RL, the average age was 48.3 and the most common age was 72.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Tower Street, Ludlow, SY8 1RL, 1.1% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Tower Street, Ludlow, SY8 1RL, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.