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Riches Street, Wolverhampton, WV6

West Midlands

£245,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached property is located on a quiet one-way street, conveniently close to Wolverhampton City centre and a variety of local amenities. While the home offers spacious living areas and adaptable family accommodation, it does require some updating, presenting a fantastic opportunity for buyers looking to invest in renovation. Key features include gas central heating and double glazing in parts, as well as a storm porch that welcomes you into an L-shaped hallway leading to multiple living spaces. The ground floor consists of a lounge with a tiled fireplace, a front dining room with bay window, a breakfast room, kitchen with utility space, and a ground-floor wet room. The first floor boasts three generously sized bedrooms and a bathroom suite which also needs modernisation. Additional benefits include off-road parking on the paved driveway and an enclosed rear garden providing outdoor potential. With vacant possession available upon completion, this property represents considerable potential for enhancement and value addition.

Investment Analysis

(WV6 area)
Area Average
£281/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (WV6)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 11.5%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on WV6 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

Riches Street, Wolverhampton, WV6
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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
£897
Based on a loan of £183,750 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