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Stourbridge Road, Penn, Wolverhampton WV4 - Image 1
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Stourbridge Road, Penn, Wolverhampton WV4 - Image 7

Stourbridge Road, Penn, Wolverhampton WV4

West Midlands

£175,000

Listed on 09/09/2024

Property details

Bedrooms
N/A
Type
Land

Description

This parcel of land presents an excellent investment opportunity, featuring planning permission for a detached bungalow with an upper area, as per planning reference 24/0055/ful. Currently, the site includes several outbuildings and a garage, along with a rear garden that could be transformed into a residential property. The location boasts gated access via a right of way, enhancing its appeal for potential developers or homeowners looking to build their dream home in the coveted Lloyd Hill area of Penn. The surrounding neighborhood offers convenient access to shopping, schools, and transport links to Wolverhampton, Kidderminster, and Stourbridge, making it an attractive proposition for those interested in new construction within a desirable community.

Investment analysis

(WV4 area)
Area Average
£249/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £110,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (WV4)

Area prices are stable by +0.3% over the last 12 months
3 year growth: +4.8%
5 year growth: +24.3%
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

Stourbridge Road, Penn, Wolverhampton 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
£661
Based on a loan of £131,250 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-5.7% since listed
£165,000£10,000(-5.7%)
25/12/2024
Current price
£175,000Initial listing
11/09/2024

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