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See how verdicts work2-bedroom bungalow · WV3 7NP
For saleReduced £10k (−3.8%) on 8 OctListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you want it, need it and love it… Quote RA0772 when enquiring. 272 Coalway Road, Penn / Merry Hill, Wolverhampton, WV3 Offers in the Region of £260,000 i’ll keep this grounded.
This is a bungalow with the right fundamentals in the right location — and more importantly, one that gives you room to think, not just room to live. On Coalway Road, that matters.
Because this is a road where people improve, extend and hold. This property simply sits at the point before that work has been done.
The Approach A mature frontage, established planting, and a plot that already feels settled.
There’s also a clear opportunity for driveway creation to the front, subject to the usual permissions — something buyers will immediately recognise.
Through the porch, you step into a central hallway that runs efficiently through the home. Living Space Reception Room 1 – 12.8 m² (approx. 138 sq ft) Approx.
4.2m x 3.0m (13'9" x 9'10") Positioned to the front, this is your main living room. A feature fireplace anchors the space, and the proportions allow for a proper layout without compromise.
It’s a room that will take modernisation well without needing structural change. Reception Room 2 – 10.3 m² (approx. 111 sq ft) Approx.
3.6m x 2.9m (11'10" x 9'6") Also with a fireplace, this is where flexibility comes in.
Dining room, second sitting room, or opened up into a more contemporary layout — it’s a decision rather than a limitation. Kitchen & Rear Space Kitchen – 10.4 m² (approx. 112 sq ft) Approx.
3.5m x 3.0m (11'6" x 9'10") A workable footprint that invites improvement. Whether you modernise as-is or reconfigure alongside the rear, the space supports it. Conservatory – 11.9 m² (approx.
128 sq ft) Approx. 3.8m x 3.1m (12'6" x 10'2") This is a large, functional room, not just an add-on.
It already extends the house in a meaningful way and becomes a key part of any future redesign — particularly if you’re thinking open-plan kitchen/dining. Bathroom – 5.5 m² (approx. 59 sq ft) Approx.
2.6m x 2.1m (8'6" x 6'11") Well positioned within the layout and ready for updating - With W.C, Basin, Bath and separate shower cubicle. Bedrooms Bedroom One (Middle Room) – 8.4 m² (approx.
90 sq ft) Approx. 3.2m x 2.6m (10'6" x 8'6") Located centrally within the bungalow. This room works well as the principal bedroom due to its position and balance within the layout.
Removal of built in wardrobes/storage opens up further space Bedroom Two (Rear / Conservatory Aspect) – 8.4 m² (approx. 90 sq ft) Approx.
3.2m x 2.6m (10'6" x 8'6") Positioned to the rear, with a window into the conservatory.
It’s an interesting feature and one that could be rethought as part of a wider refurbishment — either enhancing light flow or reconfiguring the relationship between spaces.
Loft Space Loft Storage – 21.3 m² (approx. 229 sq ft) 2m height (ideal for conversion) This is where things shift from “nice bungalow” to “long-term project with upside”.
It’s a genuinely usable volume, and subject to permissions, this is the space that could transform the property entirely.
On this road, that’s not speculative — it’s consistent with how neighbouring homes evolve. Outside The rear garden is established and already usable.
Lawn, mature planting, and a layout that doesn’t need immediate work. At the rear: Detached Garage Outbuilding – 10.4 m² (approx. 112 sq ft) Approx.
3.5m x 3.0m (11'6" x 9'10") A substantial standalone garage, fitted with an automatic up-and-over door (fob operated), with hardstanding parking directly in front.
Access is via the shared driveway to the right-hand side, with gated side access to the left completing a very practical external setup.
The Position Penn / Merry Hill side of WV3 — established, consistent, and always in demand.
Bantock Park & Smestow Valley nearby Easy access to Wolverhampton City Centre & rail Schools, amenities and healthcare all within reach It’s the kind of area where improvements are rewarded.
The Opportunity This isn’t a finished product. It’s a bungalow with the right layout, the right plot, and the right positioning to justify doing something meaningful with it.
You’re buying into: Strong room proportions Two reception rooms with fireplaces A large conservatory already adding footprint Detached garage with proper access and parking Loft space with real potential A plot that supports further enhancement That combination is where long-term value comes from.
Material Information Tenure: Freehold (to be confirmed) Council Tax Band: C Property Type: Bungalow Utilities: Mains gas, electricity, water and drainage Heating: Gas central heating (assumed) Parking: Rear hardstanding plus detached garage Access: Shared driveway to the right, gated access to the left Environmental & Planning Coal Mining Area: Yes (standard for Wolverhampton – searches recommended) Radon: Low risk classification Flood Risk: Low (subject to confirmation) Broadband: Ultrafast available (buyers to verify providers) Mobile Coverage: Good across major networks (buyers to verify) Road Noise: Typical residential levels Rail Noise: No significant direct impact Conservation Area: Not believed to be within one TPOs: None known (subject to checks) what3words: To be confirmed Additional Information All buyers will be required to complete aml and id verification checks at a cost of £30 per buyer prior to the issuance of a Memorandum of Sale.
Final Word This is a property that rewards buyers who think beyond décor. The layout works. The plot works. The location works. What happens next is entirely down to the next owner.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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