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Riley Crescent, Penn

West Midlands

£550,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1878 sqft

Description

This four-bedroom detached home in Wolverhampton, held by the same family for over three decades, presents an excellent opportunity for renovation and investment. The property's spacious layout offers a blank canvas to create a modern living environment tailored to your preferences. Set on a private driveway with ample parking, it delivers both comfort and versatility. The expansive rear garden is a standout feature, ideal for outdoor activities or potential landscaping projects. With room for vegetable patches or even a home office (subject to planning), this is an ideal setting for those interested in enhancing their outdoor space. The interior boasts generous living areas, including a double-length lounge that seamlessly connects to the garden, creating an inviting atmosphere for gatherings. An open-plan kitchen diner provides ample workspace and storage, with opportunities to modernize fittings. The ground floor also features a shower room that could benefit from upgrades. Upstairs, four large bedrooms offer various options—whether they be used as traditional sleeping spaces or reimagined into home offices or guest rooms. The family bathroom includes both a bath and shower, allowing for further modernization. Located near well-regarded schools, this property not only appeals to families but also serves as a strategic investment in a thriving community. This home has great renovation potential with its flexible layout and outdoor possibilities waiting to be explored.

Investment Analysis

(WV3 area)

Above Market Value

This property is priced +23.2% above area average per sq ft

+23.2%
This Property
£293/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£491,144
10% above area average per sq ft
Potential ROI
-22.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (WV3)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 18.5%
5 year growth: 31.9%
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

Riley Crescent, Penn
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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
£2,015
Based on a loan of £412,500 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