Summary - 81 Fairview Road, Penn, Wolverhampton, WV4 4TD WV13 2NW
2 bed 2 bath Apartment
Affordable rental-ready unit with parking and long lease.
Chain free sale with immediate possession potential or continued rental income
Long lease — 99 years remaining
Currently let at £850 pcm (tenant in situ)
Service charge £863 per year; ground rent £150
Electric storage heating — higher running costs likely
Located in a very deprived area with very high crime rates
723 sq ft; EPC B and double glazing installed
Off-street parking and intercom-secure access
A practical two-bedroom apartment offered chain free and ready for immediate occupation or continued rental. The property sits on the second floor of a modern block completed 2003–2006, with double glazing, an EPC rated B and a long lease of 99 years. The 723 sq ft layout includes a living room, kitchen, two bedrooms, a bathroom and a separate shower room. Off-street parking and intercom access add convenience.
This unit is currently let at £850 pcm, making it straightforward for an investor to retain rental income, or for a buyer to move in and benefit from existing tenancy arrangements. Service charge and ground rent are modest for the block (service charge £863, ground rent £150), and council tax is very cheap which helps ongoing running costs.
Be realistic about location-related issues: the property sits in an area classified as very deprived with very high local crime rates. Heating is electric storage heaters rather than gas, which can mean higher energy bills in winter despite the EPC. The building is system-built; any buyer should budget for ongoing maintenance typical of purpose-built apartment blocks.
Overall this is a budget-priced, low-entry property with immediate rental potential and straightforward ownership costs, balanced by clear urban-location challenges. It will suit an investor wanting an income-producing asset or a buyer prioritising affordability and transport-linked convenience over a low-crime neighbourhood.
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