Warstones Road, Wolverhampton, West Midlands, WV4
FI

Warstones Road, Wolverhampton, West Midlands, WV4

By First City Limited

£ 425,000

Reviews

2 out of 5 stars

First City Limited says ..

Parcel of land located off Warstones Road, Penn, Wolverhampton of approximately 0.49 acres (0.20 ha) with PLANNING PERMISSION for RESIDENTIAL DEVELOPMENT. Alternatively, the site also benefits from extant permission for the erection of a 10,000 sqft PHYSIOTHERAPY CENTRE.

Property Oracle says ..

This property listing presents a unique opportunity: a 0.49-acre plot of land in Penn, Wolverhampton, with existing planning permission for either residential development or the construction of a 10,000 sqft physiotherapy centre. The location in Penn is a significant advantage, known for its good schools and family-friendly environment. The proximity to amenities, while not explicitly detailed, can be reasonably assumed to be good given the location.

The substantial land size is the most attractive aspect, providing significant potential for development and return on investment. However, it is important to consider potential construction costs, and market demands for either residential or commercial developments when evaluating profitability. The listed price reflects this potential, but a detailed feasibility study would be necessary for a complete financial assessment. Note that the absence of building information means there is no evaluation of the structural quality or internal layout and finishes. This means the analysis focuses solely on the land value and potential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
1
Location
7
Land
8
Bedrooms
0
Bathrooms
0
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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
324,321.00 £
Increased by 15.31 %
from 281,263.00 £
Average area rental value
1,169.00 £/mo
Increased by 5.60 %
from 1,107.00 £/mo
Est rental Yield
4.33 %
Decreased by 8.26 %
from 4.72 %
Crime Rate
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • First City Limited created the listing.

Nearby Schools

NameTypeOfstedDistance
Springdale Primary SchoolCommunity SchoolGood0.59 KM
Highfields SchoolAcademy ConverterGood0.99 KM
Penn Fields SchoolCommunity Special SchoolRequires improvement1.04 KM
Penn Hall SchoolCommunity Special SchoolOutstanding1.16 KM
The Star Children'S Centre (Formerly Warstones Children'S Centre)Children's Centre1.36 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Fold £ 380,00000.00 KM
Chestnut Way £ 290,00000.00 KM
Wells Road £ 145,00000.00 KM
Manor Close £ 000.00 KM
Balmoral Drive £ 325,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Wolverhampton1218WVH6.63 KM
Bilbrook4618BBK7.42 KM
Codsall4616CSL8.34 KM
Coseley1143CSY9.62 KM

Nearby Listings

AddressPriceTypeScoreDistance
Warstones Road, Wolverhampton, West Midlands, WV4 £ 425,000BUY5 / 100.00 KM
Hilston Avenue, Wolverhampton, WV4 £ 375,000BUY7 / 100.08 KM
Springhill Avenue, Penn, Wolverhampton £ 325,000BUY6 / 100.17 KM
Warstones Road, Penn, Wolverhampton, West Midlands, WV4 £ 210,000BUY5 / 100.18 KM
152 Fairview Road, Penn, Wolverhampton £ 290,000BUY6 / 100.18 KM

Nearby Properties

AddressPriceDistance
15 Hilston Avenue £ 170,0000.04 KM
Silvertrees £ 125,0000.04 KM
249 Warstones Road £ 135,0000.10 KM
293 Warstones Road £ 178,0000.10 KM
299 Warstones Road £ 215,0000.10 KM