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Springhill Lane, Lower Penn, Wolverhampton - Image 1
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Springhill Lane, Lower Penn, Wolverhampton

West Midlands

£425,000
Listed on 21/02/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow

Description

This is a rare investment opportunity featuring two semi-detached bungalows set within approximately 0.25 acres in the desirable area of Lower Penn. The property holds approved planning permission for the demolition of the existing structures and the construction of a modern four-bedroom detached house, providing significant potential for redevelopment. Once completed, the new residence would offer an entrance porch, spacious entrance hall, sizable living room, sitting room, and a large kitchen diner equipped with a pantry/utility space. Additionally, it would include a conveniently located downstairs bedroom with a dressing room and shower room, while the first floor would host three bedrooms along with dressing areas and a family bathroom. The outdoor space is equally appealing, featuring expansive gardens that boast picturesque countryside views. This location also provides excellent transport links to Wolverhampton city centre and nearby towns such as Stourbridge and Kidderminster, complemented by local schooling and amenities on Penn Road.

Investment Analysis

(WV4 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (WV4)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +5.9%
5 year growth: +27.3%
Investment Disclaimer: Analysis based on WV4 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

Springhill Lane, Lower Penn, Wolverhampton
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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
£1,505
Based on a loan of £318,750 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

-5.6% since listed
£425,000£25,000(-5.6%)
17/03/2026
Current price
£450,000Initial listing
21/02/2026

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