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Riley Crescent, Penn

West Midlands

£535,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached
Area
1878 sqft

Description

This four-bedroom detached home in Wolverhampton presents a rare opportunity for renovation enthusiasts or investors. Having been held by the same family for over three decades, the property boasts generous living spaces that can be customized to suit modern lifestyles. Ideal for families, couples, or anyone looking to create an inviting atmosphere, this residence is positioned on a private drive and features ample parking. The property is flooded with natural light throughout the day, with east-facing front views offering beautiful sunrises and a spacious south-west facing rear garden perfect for outdoor activities. The garden itself offers significant potential for landscaping or developing vegetable patches, complementing the existing lawn area ideal for recreation and relaxation. Internally, the layout includes an adaptable ground floor with a convenient walk-in shower room. The expansive hallway leads to a large bay-windowed lounge that could be tailored into various functional spaces such as an office or hobby room. The double-length lounge further enhances the potential for seamless indoor-outdoor living with patio doors connecting to the garden. The heart of the home is its open plan kitchen diner—ideal not only for entertaining but also ripe for modern updates that align with contemporary tastes. Upstairs, four spacious bedrooms provide flexibility in use; they could serve as traditional sleeping quarters or be transformed into dedicated workspaces or guest rooms. Situated in a desirable location with schools within walking distance, this property stands as an excellent investment option ensuring value appreciation while allowing you to shape it according to your preferences.

Investment Analysis

(WV3 area)

Above Market Value

This property is priced +18.8% above area average per sq ft

+18.8%
This Property
£285/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£495,379
10% above area average per sq ft
Potential ROI
-15.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (WV3)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +17.7%
5 year growth: +25.9%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,895
Based on a loan of £401,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-2.7% since listed
£535,000£15,000(-2.7%)
30/01/2026
Current price
£550,000Initial listing
27/12/2025

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