Penn Road, Wolverhampton, West Midlands, WV4
HO

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

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
310,714.00 £
Increased by 1.45 %
from 306,277.00 £
Average area rental value
1,000.00 £/mo
Increased by 3.73 %
from 964.00 £/mo
Est rental Yield
3.86 %
Increased by 2.12 %
from 3.78 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Homewise created the listing.

Nearby Schools

NameTypeOfstedDistance
Woodfield Primary SchoolAcademy Sponsor Led0.46 KM
Colton Hills Community SchoolCommunity SchoolGood1.26 KM
The Royal School, WolverhamptonFree SchoolsGood1.32 KM
The Bingley Children'S CentreChildren's Centre1.36 KM
Bantock Primary SchoolCommunity SchoolGood1.45 KM

Images

Living Room Bedroom FRONT OF DEVELOPMENT Kitchen Bathroom OUTSIDE PATIO Patio Garden Communal Gardens

Nearby Streets

NameAverage PriceAverage SqftDistance
Ashwood Grove £ 000.00 KM
Buckingham Road £ 000.00 KM
Manor Close £ 000.00 KM
Wells Road £ 145,00000.00 KM
Balmoral Road £ 280,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Wolverhampton1218WVH4.02 KM
Coseley1143CSY7.14 KM
Bilbrook4618BBK7.86 KM
Codsall4616CSL9.22 KM
Tipton1159TIP9.79 KM

Nearby Listings

AddressPriceTypeScoreDistance
Penn Road, Wolverhampton, West Midlands, WV4 £ 125,000BUY7 / 100.00 KM
Penn Road, Wolverhampton, West Midlands, WV4 £ 95,000BUY6 / 100.00 KM
Penn Road, Wolverhampton, West Midlands, WV4 £ 65,000BUY6 / 100.00 KM
Penn Road, Pendene Court, WV4 £ 79,950BUY7 / 100.00 KM
Pendene Court, 253 Penn Road, Wolverhampton, West Midlands, WV4 £ 90,000BUY6 / 100.00 KM

Nearby Properties

AddressPriceDistance
259 Penn Road £ 148,0000.03 KM
249a Penn Road £ 305,0000.03 KM
310 Penn Road £ 270,0000.12 KM
300 Penn Road £ 292,0000.12 KM
294 Penn Road £ 187,5000.12 KM