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Parkfield Road, Wolverhampton, West Midlands WV4

West Midlands

£85,000
Listed on 15/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
723 sqft

Description

This mid-terrace house presents a unique opportunity for renovation and investment, ideally suited for those with a vision for transformation. Comprising three bedrooms located on the upper level, this property lays the groundwork for family living or can be reimagined to suit modern needs. On the ground floor, you'll find two spacious reception rooms that can either be retained as separate living spaces or combined into an open-plan area, depending on your design preferences. The kitchen and bathroom are functional but lack modernization, providing ample scope for a complete redesign to create contemporary and practical spaces tailored to today’s lifestyle. The private rear garden, which boasts shared access, adds potential for outdoor enhancements or personal landscaping projects. This could further increase the property’s appeal and value with the right planning permissions. Nestled in a well-regarded neighborhood, this home benefits from convenient access to local amenities and transport links, making it a desirable spot for future occupants. While this property requires extensive renovations—from top to bottom—it represents an attractive project for experienced cash buyers or investors seeking to capitalize on its full potential. Viewing is encouraged for those ready to embrace the challenge of restoring this home. For more insights or to schedule a visit, please reach out today.

Investment Analysis

(WV4 area)

Below Market Value

This property is priced -53.4% below area average per sq ft

-53.4%
Potential saving
This Property
£118/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£8,500 - £21,250
10-25% of property value
Target Value
£200,694
10% above area average per sq ft
Potential ROI
+88.9%
After renovation
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (WV4)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 9.1%
5 year growth: 36.2%
Investment Disclaimer: Analysis based on WV4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Parkfield Road, Wolverhampton, West Midlands WV4
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