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Ridge Lane, Wednesfield, Wolverhampton, WV11 - Image 1
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Ridge Lane, Wednesfield, Wolverhampton, WV11 - Image 3
Ridge Lane, Wednesfield, Wolverhampton, WV11 - Image 4
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Ridge Lane, Wednesfield, Wolverhampton, WV11 - Image 6

Ridge Lane, Wednesfield, Wolverhampton, WV11

West Midlands

£80,000
Listed on 06/12/2025

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom ground floor flat presents an excellent opportunity for those looking to invest in a project. Conveniently situated in a desirable and peaceful neighborhood of the West Midlands, the property requires modernization, allowing you to tailor the space to your own preferences. The layout includes a storm porch leading into a reception hall with additional storage options. The lounge, measuring 3.6m x 4.1m, features a rear window that invites natural light, while the compact kitchen (2.8m x 2.6m) offers essential base units and room for an upgrade. The bedroom (3.5m x 3.3m) overlooks the front garden, creating a serene atmosphere. A basic bathroom consists of standard fittings including a panelled bath and low flush WC. Outside, access to a shared walkway leads to the rear garden space, presenting potential for outdoor improvements. This flat is poised for transformation into a modern dwelling with thoughtful renovations.

Investment Analysis

(WV11 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£237
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (WV11)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 8.8%
5 year growth: 35.0%
Investment Disclaimer: Analysis based on WV11 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

Ridge Lane, Wednesfield, Wolverhampton, WV11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£293
Based on a loan of £60,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE