Summary - 15 Pennant Court, Penn Road WV3 0DT
2 bed 2 bath Apartment
Allocated parking and tenants in-situ for immediate income potential.
Two bedrooms and two bathrooms, 617 sq ft
A practical two-bedroom, two-bath apartment with tenants in place, positioned close to Wolverhampton city centre and transport links. The building offers allocated off-street parking and modern double-glazed windows within a mid-terrace red-brick block built around 1996–2002. At 617 sq ft, the layout delivers a spacious reception room and a principal bedroom with ensuite—sensible accommodation for lettings or owner-occupation.
This property suits investors seeking immediate rental income: it is sold with occupants already in situ and benefits from fast broadband and excellent mobile signal. Service charge and ground rent are recurring costs to factor in (approx. £2,098pa service charge and £105pa ground rent), while the lease has about 102 years remaining. EPC C and council tax band B are positives for running costs.
Buyers should note material points plainly: heating is electric via room heaters which can raise energy bills compared with gas central heating, and the wider area records high crime and significant deprivation—factors that can influence tenant demand and resale values. The apartment presents a straightforward refurbishment opportunity for improving rent or resale value, but budget for ongoing service charges and possible updating of kitchen or bathrooms.
With no upward chain and a private allocated parking space, this apartment offers a low-complexity acquisition in a well-connected urban location. For an investor focused on steady income or a buyer prepared to refresh the interior, this is a workable, well-located two-bedroom property.
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