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The Grove, Wolverhampton, WV4 6RU

West Midlands

£350,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1164 sqft

Description

Located in a sought-after residential neighbourhood with convenient access to schools and local amenities, this three-bedroom dormer bungalow presents significant renovation and investment potential. The property features a remarkably spacious south-facing rear garden, ideal for landscaping or outdoor projects, alongside off-road parking suitable for multiple vehicles. Upon entering, you are welcomed by a porch leading into a well-equipped kitchen that includes modern wall and base units, solid oak worktops, built-in oven and grill, gas hob, and ample space for an American-style fridge freezer. The living room at the back of the home is enhanced by a log burner and French doors that open to a large patio area—great for entertaining or enjoying the garden views. The ground floor accommodates two bedrooms as well as a family bathroom featuring a walk-in shower. Upstairs, the principal bedroom offers beautiful views of the expansive garden along with an en-suite bathroom equipped with essential amenities and a spacious walk-in dressing room. The property's exterior showcases private driveway access with gated side entry. The extensive rear garden is segmented into various areas including an inviting patio for gatherings, a flat lawn adorned with mature plants, and an elevated section perfect for additional storage or gardening pursuits. This garden space provides tremendous potential for enhancement or expansion. Importantly, there has been previous outline planning permission granted for the demolition of the existing structure to develop up to three new dwellings. This offers an attractive opportunity for investors looking to capitalize on future developments (subject to reapplication). This freehold property falls under Council Tax Band B and holds an EPC rating of D.

Investment Analysis

(WV4 area)

Above Market Value

This property is priced +21.8% above area average per sq ft

+21.8%
This Property
£301/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£316,067
10% above area average per sq ft
Potential ROI
-22.0%
After renovation
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

The Grove, Wolverhampton, WV4 6RU
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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
£1,240
Based on a loan of £262,500 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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