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Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 1
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 2
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 3
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 4
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 5

Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3

West Midlands

£130,000
Listed on 18/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
990 sqft

Description

Nestled in the well-established Pennfields area of Wolverhampton, this spacious mid-terrace home offers a promising canvas for renovation enthusiasts. With three generous bedrooms and ample living space, this property is primed for transformation. The entrance leads into a bright sitting room enhanced by a classic bay window, ideal for creating a welcoming atmosphere once updated. The second reception room, located at the rear, connects seamlessly to the staircase and kitchen, which currently features basic units and appliances awaiting modernisation. A sizable ground floor bathroom includes both a bathtub and shower cubicle, offering flexibility for refurbishment. Upstairs, the three bedrooms provide versatility for families or home offices. The rear garden stands as an empty space ready for landscaping and personal design touches. Located just moments away from essential amenities—including shops, schools, parks, and transport links—this property represents an excellent opportunity for first-time buyers or investors seeking to create their ideal home in a connected location.

Investment Analysis

(WV3 area)

Below Market Value

This property is priced -45.7% below area average per sq ft

-45.7%
Potential saving
This Property
£131/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£263,429
10% above area average per sq ft
Potential ROI
+55.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (WV3)

Area prices are rising by +8.3% over the last 12 months
3 year growth: +18.7%
5 year growth: +29.4%
Investment Disclaimer: Analysis based on WV3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£469
Based on a loan of £97,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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