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Penn Common Road, Penn, Wolverhampton, South Staffordshire, WV4 - Image 1
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Penn Common Road, Penn, Wolverhampton, South Staffordshire, WV4

West Midlands

£550,000

Listed on 18/06/2026

Property Details

Bedrooms
5
Type
Detached

Description

Presenting a distinctive opportunity for investors and developers, this property situated in the desirable area of Penn Common consists of two separate structures set within a generous plot. The primary building is a spacious barn conversion featuring five sizeable bedrooms and multiple reception areas, while an additional outbuilding offers further prospects for redevelopment or conversion, pending appropriate permissions. Both buildings require comprehensive modernisation, providing an ideal blank canvas for those looking to enhance or completely redesign the space. The large land area combined with the existing structures offers excellent potential to significantly increase value through effective renovation and innovative planning. The property awaits new ownership to unlock its full potential in this enviable location where opportunities are few and far between.

Investment Analysis

(WV4 area)
Area Average
£250/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WV4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +7.2%
5 year growth: +26.5%
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

Penn Common Road, Penn, Wolverhampton, South Staffordshire, WV4
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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
£2,078
Based on a loan of £412,500 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.

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