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Mill Lane, Wednesfield, Wolverhampton

West Midlands

£200,000
Listed on 13/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1091 sqft

Description

This charming three-bedroom detached property features traditional bay windows and an array of original character details, making it a prime candidate for a renovation project. Nestled in a sought-after area of Mill Lane, this home offers convenient access to local amenities and transport links while being sold with no upward chain. Inside, you will find a welcoming porch leading into an entrance hall adorned with stained glass, a spacious lounge with an open fire and bay window, as well as a separate reception room that also boasts an open fire. The kitchen is functional but in need of modernisation. Upstairs includes three bedrooms; the largest having its own bay window and fireplace, alongside a second bedroom that features built-in wardrobes and another fireplace. A family bathroom and separate WC complete the first floor. The external space is equally impressive, offering a generous rear garden ripe for landscaping or even expansion of outdoor living spaces. Additionally, there is off-road parking available and a garage that holds conversion potential — subject to necessary permissions. With some thoughtful updates and enhancements, this property could transform into the ideal family home or investment opportunity.

Investment Analysis

(WV11 area)

Below Market Value

This property is priced -24.7% below area average per sq ft

-24.7%
Potential saving
This Property
£183/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£245
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£291,984
10% above area average per sq ft
Potential ROI
+21.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (WV11)

Area prices are rising by +6.1% over the last 12 months
3 year growth: +9.9%
5 year growth: +31.7%
Investment Disclaimer: Analysis based on WV11 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

Mill Lane, Wednesfield, 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
£708
Based on a loan of £150,000 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.

Stamp Duty Calculator

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