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Rayleigh Road, Pennfields, Wolverhampton, West Midlands WV3 - Image 1
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Rayleigh Road, Pennfields, Wolverhampton, West Midlands WV3

West Midlands

£130,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Located in the well-established Pennfields area, this mid-terrace three-bedroom property offers a prime opportunity for those looking to invest in a traditional home with renovation potential. The property is situated within easy reach of local shops, schooling options, and effective transport links, ensuring convenience in daily living. Upon entering through the front courtyard, the hallway leads into a spacious sitting room characterized by a classic bay window that invites ample natural light. This area is ready for updates, making it an ideal space for relaxation or entertaining once modernized. The second reception room at the rear connects to both the staircase and the functional kitchen. The kitchen currently includes basic units and appliance spaces, providing a canvas for customization and contemporary design. An inner lobby grants access to the rear garden and a surprisingly spacious ground floor bathroom equipped with a white suite featuring both a bathtub and separate shower cubicle. Upstairs, you will find three generously sized bedrooms, offering flexibility for families or as home office spaces. The outdoor rear garden presents an excellent opportunity for landscaping and personal touches, allowing homeowners to create their own peaceful retreat. Rayleigh Road benefits from its location in a desirable residential neighborhood close to essential amenities including Sainsbury's, local shops, parks, healthcare services, and reputable schools. Commuters can take advantage of numerous bus routes and swift access into Wolverhampton City Centre along with main road connections to key routes such as the A449 and M6. This property holds significant potential for first-time buyers or investors looking for a project in an established area with great connectivity.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Rayleigh Road, Pennfields, 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
£476
Based on a loan of £97,500 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