The listing price of £165,000 for a plot of land with planning permission in Penn seems relatively reasonable compared to other properties in the area (considering the lack of comparable data). However, without knowing the exact size of the plot, it’s difficult to definitively assess the per-square-foot value. The need for significant investment in the construction of a new dwelling on the land needs to be considered against the asking price. The presence of existing structures and the planning permission add value, but the overall assessment remains in a moderate range.

The provided photographs reveal a property that requires some level of modernisation and maintenance. While the existing structures appear sound, the garden is overgrown, and the overall aesthetic suggests that some updating (both cosmetic and structural) would enhance its value and desirability. The lack of information regarding the interior condition further impacts the score.

The property is situated in Penn, Wolverhampton, an area known for its good schools and relatively convenient access to Wolverhampton city centre. The proximity to highly-rated schools like Penn Hall School and Springdale Primary School significantly boosts its appeal to families. While not directly on main transport links, the distance to Wolverhampton railway station is not excessive, and access to the A449 is relatively straightforward. This makes it a desirable location, albeit not perfectly central.

The property includes a sizeable garden. The availability of a garden, although somewhat neglected, is a significant asset, especially in a more established residential area like Penn. The land also benefits from planning permission for a new build, making it a potentially lucrative opportunity.