# 2 bedroom bungalow for sale (WV9 5AD) ## Property Details | Key | Value | |-----|-------| | Address | School Lane, Coven, WV9 5AD | | Price | £249,950 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | B | ## Description * A Charming Two Bedroom Semi-Detached Bungalow located in the Highly Sought After Village of Coven * Entrance Hall * Spacious 18ft Length Lounge with Gas Fire and Patio Doors Providing Access to Rear Garden * Galley Kitchen with Built-In Appliances and External Access * Principle Bedroom with Built-In Wardrobes * Further Double Bedroom * Shower Room with Under Floor Heating * Boarded Loft Space * Double Length Detached Garage * Mature and Well Maintained Rear Garden with Patio Area * Gated Carport * Generous Driveway with Ample Parking * No Onward Chain * Situated within the sought-after village of Coven, School Lane enjoys a pleasant semi-rural setting whilst remaining conveniently close to a wide range of everyday amenities. The village itself offers a selection of local shops, traditional pubs and useful community facilities, creating an ideal environment. Further comprehensive shopping and leisure amenities can be found in nearby Wolverhampton, Cannock and Penkridge. This well-positioned bungalow benefits from excellent transport links, making it ideal for a range of buyers. Regular bus services operate nearby, providing convenient access to Wolverhampton, Stafford and surrounding villages, whilst local motorway connections offer straightforward commuting throughout the Midlands. Rail services can also be found at Wolverhampton and Penkridge stations, both within easy driving distance, offering direct links to Shrewsbury, Birmingham and further afield. Property Services Freehold EPC - D Council Tax Authority - South Staffordshire Council Tax Band - B Flood Risk - Very Low Mobile Network Coverage O2 - 88% EE - 87% Three - 81% Vodaphone - 74% Broadband Network Coverage Standard - 17 Mbps Superfast - 80 Mbps Ultrafast - 8000 Mbps Utilities Mains Water Mains Electricity Mains Gas Mains Drainage WhatThreeWords - ///placed.energy.rings ## Property Photos - ![Photo 5](/listings/photos/89985033/735329) - Photo 5 - ![Photo 2](/listings/photos/89985033/735335) - Photo 2 - ![Photo 15](/listings/photos/89985033/735338) - Photo 15 - ![Photo 13](/listings/photos/89985033/735340) - Photo 13 - ![Photo 10](/listings/photos/89985033/735343) - Photo 10 - ![Photo 6](/listings/photos/89985033/735346) - Photo 6 - ![Photo 8](/listings/photos/89985033/735347) - Photo 8 - ![Photo 7](/listings/photos/89985033/735348) - Photo 7 - ![Photo 3](/listings/photos/89985033/735350) - Photo 3 - ![Photo 1](/listings/photos/89985033/735352) - Photo 1 - ![Photo 4](/listings/photos/89985033/735355) - Photo 4 ## Floorplans - ![Floor Plan](/listings/photos/89985033/735358) - Floor Plan - ![37 School Lane - Floorplan](/listings/photos/89985033/735361) - 37 School Lane - Floorplan ## EPC Graphs - ![Energy Performance Certificate](/listings/photos/89985033/735363) - Energy Performance Certificate ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CLAIRE HAVEN LIGHT ASH CUL DE SAC, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5AF | £400,000 | 08/12/2023 | Detached | | 26 CELANDINE DRIVE, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5FD | £325,000 | 16/12/2022 | Detached | | 5 CORNFLOWER MEADOW, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5FB | £395,000 | 11/02/2022 | Detached | | 5 EAST BEECHES, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5EA | £287,000 | 21/12/2021 | Detached | | [Same street] 49 SCHOOL LANE, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5AD | £310,000 | 03/12/2021 | Semi-detached | | 3 CORNFLOWER MEADOW, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5FB | £319,950 | 24/09/2021 | Detached | | 20 CORNFLOWER MEADOW, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5FB | £350,000 | 24/09/2021 | Detached | | CLAIRE HAVEN LIGHT ASH CUL DE SAC, COVEN, WOLVERHAMPTON, SOUTH STAFFORDSHIRE, STAFFORDSHIRE, WV9 5AF | £390,000 | 24/09/2021 | Detached | **Street average:** £310,000 (1 sale) **Area average:** £352,421 (7 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £305,500 (6 Detached, WV9, 2024–2026) - **Deviation:** -18.2% ## Rental Range *ONS Price Index of Private Rents (South Staffordshire). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £851/mo - **Realistic:** £945/mo - **Optimistic:** £1,040/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Black Country (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £623/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Mobile Home, Old Stafford Road, WV10 | £695/mo | 2 | 0.39 miles | OpenRent | | 2 Bed Mobile Home, Old Stafford Road, WV10 | £725/mo | 2 | 0.39 miles | OpenRent | **Average rent: £710/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.28% (weak for cashflow) - **Max investor price (0.8%):** £88,750 - **Target investor price (1%):** £71,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £710/mo).* - **Gross yield:** 3.4% - **Cost-to-rent:** 29.3× - **Monthly cashflow:** £-370/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -6.1% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -18.8% - **10y growth:** 96.7% ## House Price Index (HM Land Registry) *Official index for South Staffordshire; Detached series; as of March 2026.* - **1y growth (index):** 5% - **5y growth (index):** 24% - **10y growth (index):** 59.1% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)