How much does Penny Place cost?

Prices at Penny Place start from $197,000 (about £154,950). It offers Apartments in Market St, Wolverhampton, on a £5k + 5 / 95 payment plan. Ask us for the live price list and current availability.

When does Penny Place complete?

Penny Place is scheduled for handover in Q1 2028. As an off-plan purchase you pay in stages tied to construction, so you lock in today's price and settle the balance as the building progresses.

Can a foreigner buy at Penny Place?

Yes. The UK places no restriction on foreign buyers and you need no visa or residency. Overseas buyers pay an extra 2% stamp-duty surcharge, but ownership, financing and resale work exactly as they do for UK citizens.

What returns can I expect at Penny Place?

INOVO targets around 11% blended annual ROI at Penny Place — roughly 5% capital growth and 6% rental yield. These are projections based on current UK market data, not a guarantee; your actual return depends on timing, financing and how the home is let.

Does buying Penny Place qualify me for residency or a visa?

No — the UK has no residency-by-investment route (the investor visa closed in 2022). Penny Place is a pure investment play; UK residency runs through separate work or business visas.

Where is Penny Place?

Penny Place is in Market St, Wolverhampton, UK. Close by: Wolverhampton Station (03 min), Mander Centre (05 min), Univ. of Wolverhampton (10 min).

Penny Place — Market St, Wolverhampton · from $197k

The Development

71 apartments in a boldly reinvented 1929 heritage landmark — the former Marks & Spencer building — in the heart of Wolverhampton, at the centre of £4.4 billion of planned local investment.

Penny Place is a stylish remaking of a historic Wolverhampton landmark — the 1929 building that was once home to Marks & Spencer — into 71 apartments in the heart of the city. Placing residents within immediate reach of the city's commercial, retail and transport infrastructure, it sits at the centre of £4.4 billion of planned local investment. Studios to two-bedroom apartments from 420 sq ft, held on a 999-year lease with zero ground rent and approved for short-term letting — a combination that underpins strong and consistent rental demand. Completing Q1 2028.

◆ 71 apartments in a restored 1929 heritage landmark
◆ Heart of Wolverhampton city centre
◆ 999-year lease · zero ground rent
◆ Approved for short-term letting
◆ £4.4bn of planned local investment
◆ From 420 sq ft, studios to 2-bed

Gallery

Inside the residences

Amenities

A life fully serviced

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Heritage Reborn

1929 landmark, boldly reinvented.

⌂

Long Leasehold

999 years, zero ground rent.

⊞

Short-Let Approved

Flexible letting permitted.

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City-Centre Location

Retail & transport on the doorstep.

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Regeneration

£4.4bn planned local investment.

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Rental Demand

Strong, consistent city-centre demand.

Payment Plan

Structured around you

£5,000

To Reserve

Reservation fee

On Exchange

Deposit + staged payment

95%

On Completion

Balance — Q1 2028

Projected Returns

The investment case

5.0%

Capital Growth p.a.

6.0%

Rental Yield

11.0%

Combined Target ROI

Indicative projections, not a guarantee — the developer markets up to 7% gross; independent Wolverhampton yields run roughly 5.4–6.5%. £4.4bn of planned investment supports demand. Verify current figures before purchase. See the full United Kingdom tax & returns guide →

Location

The centre of everything

03 min

Wolverhampton Station

05 min

Mander Centre

10 min

Univ. of Wolverhampton

25 min

Birmingham

Work directly with Anton

You will not be handed around a call centre. Anton Sulcek — INOVO's founder — personally guides you from the first shortlist through reservation, payment plan and handover, across all nine markets. One point of contact, honest advice, and pricing direct from the developer with no markup.

More about Anton →

Penny Place