We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · WV4 5UZ
No longer listedListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LET'S GO are offering for sale this Chain Free, two bedroom 2nd floor retirement apartment with lift access in Penn, Wolverhampton, West Midlands. The apartment requires cosmetic TLC!
Pendene Court is a purpose built retirement complex constructed by McCarthy & Stone for purchasers over 60.
The apartments are located on the main Penn Road where transport links are available providing access into Wolverhampton City centre and surrounding Towns and Cities. All local amenities are near by.
The property benefits from an on site manager and in the case of an emergency or periods when the Manager is away there is a 24 hour emergency Appello call system.
The Property Comprises; Entrance Hall, Living Room with Kitchen to side, Two Bedrooms & Shower Room. Communal Lounge, Laundry Facilities and Communal Gardens.
Leasehold Information - The current service charges (September 2024 - September 2025 are £5,211.58 per annum, payable in two instalments in March and September and is reviewed annually in the Summer.
The annual ground rent is £845.17 per annum, again payable in two instalments in March and September.
CONTACT LET'S GO TO ARRANGE YOUR VIEWING *EPC D* *COUNCIL TAX BAND C* *Tenure: We have been informed by the vendor that the property is LEASEHOLD (please note that the details of the tenure should be confirmed by your solicitor)* In line with UK anti-money laundering regulations, successful purchasers must complete an Anti-Money Laundering (AML) check.
We use a specialist third-party service to verify your identity. The cost of these checks is £40 (including VAT £48.00) for each purchaser and anyone gifting contributing funds.
This fee will need to be paid by you in advance of us issuing a memorandum of sale and is non-refundable.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About Penn Road, Wolverhampton, West Midlands, WV4
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