2-bedroom bungalow · WV4 4DN
For saleReduced £6k (−2.6%) on 13 OctListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fantastic opportunity to acquire a much loved family home!
- Early viewings advised Nestled on the quiet street of Lancaster Gardens in Penn, this charming two-bedroom semi-detached bungalow has been a much-loved family home for decades and is now ready for its next chapter.
Offering fantastic potential throughout, this is a wonderful opportunity for first-time buyers, downsizers, or investors looking to create a home tailored to their own style.
The property is set back behind a generous front garden and benefits from a tandem driveway providing off-road parking for up to three vehicles, along with an attached garage.
Stepping inside, you'll find a spacious principal lounge to the front of the property, filled with natural light, alongside a generous second double bedroom.
The family bathroom is fitted with a practical corner shower, while to the rear of the bungalow is where the well-proportioned principal bedroom sits.
The kitchen is conveniently positioned just off the lounge, creating a practical and functional layout.
Spanning the full width of the property is a superb conservatory, offering additional living and entertaining space with sliding doors opening onto the rear garden.
A useful utility room sits just off the conservatory, providing further storage and laundry space, with access to both the garden and the attached garage.
Outside, the sunny rear garden is a real highlight, enjoying a private aspect and direct gated access onto the historic Woodland Walk—perfect for peaceful strolls and enjoying the surrounding greenery.
With its desirable location, generous plot, and exciting scope to modernise and add value, this delightful bungalow presents an exceptional opportunity.
Early viewing is highly recommended to fully appreciate everything this home has to offer.
Entrance Hall Lounge - 5.2m x 3.3m (17'0" x 10'9") Kitchen - 3.3m x 2.8m (10'9" x 9'2") Bedroom One - 3.3m x 3.2m (10'9" x 10'5") Bedroom Two - 2.8m x 2.6m (9'2" x 8'6") Conservatory - 5.3m x 2.8m (17'4" x 9'2") Utility Room - 3.7m x 3.2m (12'1" x 10'5") Garage - 4.5m x 2.6m (14'9" x 8'6")
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.
Area
Agent & docs
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FAQ
About 16, Lancaster Gardens, Wolverhampton
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