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Merridale Street West, Penn Fields, Wolverhampton

West Midlands

£120,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1019 sqft

Description

This chain-free mid-terraced home presents an excellent opportunity for renovation, ideally suited for first-time buyers and investors. Located in the desirable Penn Fields area of Wolverhampton, this property boasts three spacious bedrooms and a rear garden, offering ample potential for improvement and personalization. Inside, the layout includes an entrance hallway leading to a lounge, dining room, kitchen, and ground floor bathroom. The first floor hosts three generously sized bedrooms. While the home requires significant refurbishment to reach its full appeal, it allows for customization to suit modern living standards. The external space includes an overgrown garden that can be transformed into a recreational area or landscaped retreat. Given its location close to Wolverhampton City Centre and local schools, this property is not only a project but also a sound investment opportunity in a growing community. Viewing is highly recommended to fully grasp the potential this property holds.

Investment Analysis

(WV3 area)

Below Market Value

This property is priced -49.4% below area average per sq ft

-49.4%
Potential saving
This Property
£118/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£260,777
10% above area average per sq ft
Potential ROI
+68.2%
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
15%
Properties sold annually

Local Market Trend (WV3)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +18.6%
5 year growth: +18.1%
Investment Disclaimer: Analysis based on WV3 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

Merridale Street West, Penn Fields, Wolverhampton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£453
Based on a loan of £90,000 over 30 years at 4.45% 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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