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74 Park Road West, Wolverhampton, WV1 4PJ

West Midlands

£315,000
Listed on 23/12/2025

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This spacious five-bedroom semi-detached property presents a valuable opportunity for those looking to invest in a renovation project, particularly ideal for converting into a high-yield HMO or multi-let, pending necessary planning approvals. Located conveniently near West Park and within a 15-minute walk from the heart of Wolverhampton City Centre, this property is well-suited to attract professional tenants and students alike. The layout includes five generous double bedrooms, three sizeable reception rooms with potential for conversion into additional lettable spaces, two bathrooms (including an en-suite), and a fitted kitchen. A large conservatory adds significant usable space, further enhancing the property's appeal. The existing structure and extended dimensions allow for the possibility of expanding to six or seven bedrooms, aligning with HMO regulations (subject to planning consent). Outside, off-road parking for four vehicles along with a garage complements the generous rear garden—features that are becoming increasingly important for tenant compliance and desirability. With room for refurbishment and improvements, this property offers ample opportunities for value enhancement. Early viewing is highly recommended to fully appreciate its size and investment potential.

Investment Analysis

(WV1 area)
Area Average
£189/sq ft
Avg Rent (weekly)
£187
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (WV1)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +8.5%
5 year growth: +27.6%
Investment Disclaimer: Analysis based on WV1 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

74 Park Road West, Wolverhampton, WV1 4PJ
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,136
Based on a loan of £236,250 over 30 years at 4.06% 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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