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Merridale Lane, Merridale, Wolverhampton, West Midlands WV3 - Image 1
Merridale Lane, Merridale, Wolverhampton, West Midlands WV3 - Image 2
Merridale Lane, Merridale, Wolverhampton, West Midlands WV3 - Image 3

Merridale Lane, Merridale, Wolverhampton, West Midlands WV3

West Midlands

£200,000
Listed on 15/12/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This spacious three-storey terraced house features four bedrooms and a full cellar basement, offering an exceptional opportunity for those looking to invest in a property with strong renovation potential in Wolverhampton's sought-after central area. Although the home requires general upgrades, particularly on the ground floor, this presents a rare chance to reimagine and enhance its living spaces. Inside, the welcoming hallway showcases a distinctive tiled floor that hints at the character within. The ground level hosts two generous reception rooms bathed in natural light, ideal for both family gatherings and entertaining guests. A sizeable kitchen accompanied by an inner lobby and utility area complements this floor along with a practical guest W/C. The cellar beneath provides ample scope for conversion into additional living space or storage, increasing the home's functionality. The first floor consists of two well-sized bedrooms alongside a family bathroom, while a secondary staircase leads to the top level where an additional bedroom and master suite create a unique split-level layout, perfect for various uses such as an office or playroom. With its flexible design and extensive dimensions, this property suits growing families or anyone needing extra space for work or leisure activities. Conveniently located near Wolverhampton city centre, residents have access to local shops and well-regarded schools; plus lovely views of Grammar School playing fields from upstairs windows enhance the overall appeal. Though some remedial work is necessary, this home stands as an outstanding prospect for those wishing to develop their dream residence in a vibrant community with excellent transport links.

Investment Analysis

(WV3 area)
Area Average
£238/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (WV3)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 18.5%
5 year growth: 31.9%
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 Lane, Merridale, Wolverhampton, West Midlands WV3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE