Penn Road, Wolverhampton, West Midlands, WV4
By Homewise
£ 65,000
Reviews
3 out of 5 stars
Homewise says ..
Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to personal circumstances and requirements. Your price may vary. OVER 60s could SAVE up to 49% from the market value with a one-off payment for a Lifetime Lease on this property. £65,000 GUIDE PRICE represents a typical 30% SAVING.
Property Oracle says ..
This one-bedroom retirement property in Wolverhampton, West Midlands, is situated on Penn Road in the Penn area of Wolverhampton. The property’s location offers proximity to schools, local amenities, and transportation links to Wolverhampton city centre. Based on photographs, the property’s interior is in a generally acceptable condition, though some modernisation and updating of fixtures and fittings would likely improve the overall aesthetic and value. The property benefits from access to communal gardens, offering residents some outdoor space. The guide price of £65,000 for this lifetime lease reflects a substantial discount compared to the market value of traditional homes in the vicinity, though this discount is expected within the context of the specified retirement scheme. The lack of precise square footage details limits a definitive evaluation of price per square foot, which is something a prospective buyer should clarify before proceeding. Overall, this property appears reasonable for an over-60’s retirement option.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 1
- Bathrooms
- 1
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Metrics Year-on-Year
- Average area value
- 310,714.00 £Increased by 1.45 %
- Average area rental value
- 1,000.00 £/moIncreased by 3.73 %
- Est rental Yield
- 3.86 %Increased by 2.12 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Homewise created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Woodfield Primary School | Academy Sponsor Led | 0.46 KM | |
| Colton Hills Community School | Community School | Good | 1.26 KM |
| The Royal School, Wolverhampton | Free Schools | Good | 1.32 KM |
| The Bingley Children'S Centre | Children's Centre | 1.36 KM | |
| Bantock Primary School | Community School | Good | 1.45 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ashwood Grove | £ 0 | 0 | 0.00 KM |
| Buckingham Road | £ 0 | 0 | 0.00 KM |
| Manor Close | £ 0 | 0 | 0.00 KM |
| Wells Road | £ 145,000 | 0 | 0.00 KM |
| Balmoral Road | £ 280,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Wolverhampton | 1218 | WVH | 4.02 KM |
| Coseley | 1143 | CSY | 7.14 KM |
| Bilbrook | 4618 | BBK | 7.86 KM |
| Codsall | 4616 | CSL | 9.22 KM |
| Tipton | 1159 | TIP | 9.79 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Penn Road, Wolverhampton, West Midlands, WV4 | £ 125,000 | BUY | 7 / 10 | 0.00 KM |
| Penn Road, Wolverhampton, West Midlands, WV4 | £ 95,000 | BUY | 6 / 10 | 0.00 KM |
| Penn Road, Wolverhampton, West Midlands, WV4 | £ 65,000 | BUY | 6 / 10 | 0.00 KM |
| Penn Road, Pendene Court, WV4 | £ 79,950 | BUY | 7 / 10 | 0.00 KM |
| Pendene Court, 253 Penn Road, Wolverhampton, West Midlands, WV4 | £ 90,000 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 259 Penn Road | £ 148,000 | 0.03 KM |
| 249a Penn Road | £ 305,000 | 0.03 KM |
| 310 Penn Road | £ 270,000 | 0.12 KM |
| 300 Penn Road | £ 292,000 | 0.12 KM |
| 294 Penn Road | £ 187,500 | 0.12 KM |