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Mills Road, Wolverhampton, West Midlands, WV2

West Midlands

£160,000
Listed on 30/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1768 sqft

Description

This property presents a unique opportunity for investment through the Modern Method of Auction. The winning bidder will engage in a structured purchase process that involves a definitive Reservation Period of 56 days. With three bedrooms, this property holds potential for renovation to either enhance its current state or adapt it into a desirable rental option. Buyers should take caution, especially if financing through a mortgage, and are encouraged to conduct thorough inspections with their lenders prior to bidding. A Buyer Information Pack will be provided, which is essential to review before placing any bids. While the condition of the property has not been extensively detailed, prospective buyers should explore the possibilities for updates and improvements upon acquisition to maximize its value. This could be an appealing venture for those looking to enter the West Midlands market and infuse their own vision into the space.

Investment Analysis

(WV2 area)

Below Market Value

This property is priced -59.5% below area average per sq ft

-59.5%
Potential saving
This Property
£90/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£434,955
10% above area average per sq ft
Potential ROI
+135.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (WV2)

Area prices are rising by +18.6% over the last 12 months
3 year growth: +17.6%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on WV2 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

Mills Road, Wolverhampton, West Midlands, WV2
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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
£567
Based on a loan of £120,000 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.

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