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Penn Road, Wolverhampton

West Midlands

£900,000

Listed on 09/06/2026

Property Details

Bedrooms
5
Type
Detached

Description

This distinctive detached period residence is set on an expansive plot of roughly 1.22 acres, conveniently located near the City Centre. Nestled within tranquil, tree-lined surroundings, the property features a generous lawn, a walled boundary, and a detached garage with ample off-road parking. While it boasts considerable character and charm, the home requires significant updating to realize its full potential. The accommodation spans two floors, along with a spacious cellar that provides approximately 3,700 square feet of additional space. Currently outfitted with mostly single glazing and an Energy Performance Certificate rating of F, this home represents a substantial renovation opportunity for investors or those looking to create their ideal family environment. The property comes without upward chain complications. Ideally situated on the popular Penn Road (A449), which connects Wolverhampton City Centre to Wombourne and beyond, residents will benefit from local amenities including shops, leisure facilities, schools—including Woodfield Primary School—and easy access to public transport links for commutes into nearby cities. Inside, the house features elements such as a reception hall with bespoke wooden door and fireplace, multiple reception rooms complete with original fireplaces and sash windows—adding to its charm—alongside kitchen and bathroom facilities that are in need of modern upgrades. The outdoor space encapsulates potential for extensive landscaping or garden enhancements amidst well-established greenery. Overall, this property presents an excellent canvas for those looking to invest in a renovation project within a sought-after location.

Investment Analysis

(WV3 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Penn Road, 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
£3,400
Based on a loan of £675,000 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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