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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 - Image 6
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 7
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 8
Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3 - Image 9
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Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3

West Midlands

£130,000
Listed on 27/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Located in the well-established area of Pennfields, this three-bedroom mid-terrace property offers a prime opportunity for renovation enthusiasts and potential investors. Just a short distance from local amenities, schools, and public transport links, it's positioned conveniently within Wolverhampton city. The absence of an upward chain makes it even more appealing for buyers looking to move quickly. As you enter through the front courtyard, you're greeted by a hallway that leads into a comfortable sitting room adorned with a classic bay window that invites plenty of natural light. With thoughtful upgrades, this space can become an inviting area perfect for relaxation or social gatherings. The rear reception room is accessible from the sitting room and serves as a versatile space with direct access to both the kitchen and staircase. The kitchen itself features basic fittings and provides an ideal canvas for those wishing to modernize and enhance its layout according to contemporary tastes. A lobby area leads to the garden and a sizable ground floor bathroom equipped with both a bathtub and shower cubicle. Upstairs, you’ll find three generously sized bedrooms that offer flexibility for families, home offices, or guest rooms. The outside space includes a rear garden that presents significant potential for landscaping or creating outdoor entertaining areas tailored to your vision. This property stands out as an excellent option for first-time buyers or seasoned investors looking for a traditional home with substantial room for improvement in an accessible location.

Investment Analysis

(WV3 area)
Area Average
£238/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.1%

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
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

Rayleigh Road, Pennfields, Wolverhampton, West Midlands, WV3
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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
£476
Based on a loan of £97,500 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