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Penny Place — Wolverhampton Investment | Joseph Mews
Wolverhampton · WV1
Penny Place
19 Market Street, Wolverhampton WV1
Now Available
Studio from
£154,950
Register Interest
The Development

Penny
Place.

A stylish remaking of a 1929 heritage landmark — originally home to Marks & Spencer — into 71 refined studios, 1-bed and 2-bed apartments in the heart of Wolverhampton. Delivered by Prosperity Group, Midlands Developer of the Year, Penny Place is underpinned by deep local relevance and a history rooted in M&S's 'Don't ask the price, it's a Penny' market tradition. Every apartment is well appointed, well equipped and spacious, with residential floors providing panoramic views across the city.

Location 19 Market Street, Wolverhampton WV1
Unit Types Studio · 1-Bed · 2-Bed
Heritage Original M&S store, est. 1929
Developer Prosperity — Midlands Developer of the Year
Total Units 71 Apartments
Tenure Leasehold
6 Studios 420–505 sq.ft
60 One Beds 516–775 sq.ft
5 Two Beds 732–785 sq.ft
Download Brochure View Floor Plans
Investment Snapshot

Strong fundamentals.
Exceptional location.

Studio from £154,950
1 Bedroom Apartment from £159,950
2 Bedroom Apartment from £204,950
Payment Plan
1
Reservation
£5,000
Secures your unit. Fully refundable reservation fee paid upon reservation.
2
Exchange — 28 Days Later
5% Deposit
Exchange of contracts within 28 days of reservation. 5% deposit (minus £5,000 reservation fee) is due at this stage.
3
Instalments — 24 Months
25% Staged
A further 25% is paid in staged instalments across the 24 months following exchange — breaking down the barrier to ownership during construction.
4
Completion
70% Balance
Remaining balance payable upon completion. Available via mortgage or cash purchase.
Mortgage Cash Purchase

Speak with our team for a full financial breakdown tailored to your investment.

Request Details →
The City

Wolverhampton
is rising.

Wolverhampton is a city of 260,000 residents undergoing a genuine renaissance, backed by over £4.4 billion of investment transforming the city centre. Home to global employers including Jaguar Land Rover and UTC Aerospace — and with a £175 million Interchange gateway already delivered — Wolverhampton is ranked in the UK Top 5 for business start-ups and set for 16% property price growth by 2028.

01
Prime City Centre Address
Penny Place sits in the heart of Wolverhampton WV1, within 5 minutes' walk of the Wulfrun Shopping Centre, Mander Centre and Wolverhampton Central Library, and 10 minutes from the Interchange rail and bus hub.
02
£4.4bn Citywide Regeneration
Over £4.4 billion of investment is transforming Wolverhampton — including a £120 million city centre programme and the £175 million Interchange — improving transport, facilities and amenities.
03
Fast-Growing Regional Economy
The West Midlands has grown its £102 billion economy by over 22% in five years and is now the UK's fastest-growing exporter. The region is Europe's top city for manufacturing job creation.
04
Strong Yields & Rental Demand
Wolverhampton delivers average yields of 5.68% — in the UK Top 10 — and draws 30 million shoppers per annum. A young, graduate-heavy workforce is driving sustained rental demand.
05
Forecast Price Growth
Property prices in the city are forecast to rise 16% by 2028, with population projected to grow by 12.5% (+32,000) by 2033 — underpinning long-term capital appreciation.
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