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

West Midlands

£450,000
Listed on 21/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This property presents a distinctive investment opportunity featuring two semi-detached bungalows nestled within approximately 0.25 acres in the desirable Lower Penn area. With existing planning permission to demolish the current structures and construct a spacious four-bedroom detached home, this site offers significant development potential. Once completed, the new property plan includes an entrance porch, expansive entrance hall, dual living spaces, an entertainment-focused kitchen diner with pantry/utility area, a bedroom with dressing room on the ground floor, and three additional bedrooms along with a family bathroom upstairs. The outdoor space boasts ample front, side, and rear gardens that provide picturesque countryside views. This offering is perfectly positioned for commuting to Wolverhampton City centre and surrounding areas while benefiting from local amenities and schools nearby.

Investment Analysis

(WV4 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£175,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
63%
Properties sold annually

Local Market Trend (WV4)

Area prices are stable by 0.0% over the last 12 months
3 year growth: +6.9%
5 year growth: +31.2%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 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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