Success! - a small success, but nonetheless...
The 1919 OS map clearly shows Molineux Fold lying to the immediate southeast of Molineux Hotel - this is confirmed on the 1938 OS map.
Molineux Hotel was formerly Molineux House (not to be confused with the present JobCentre of the same name) and is now the Wolverhampton City Archives. Further confusion: the original main entrance to Molineux House was at what is now the rear of the property: the present main entrance was originally the back door. If you Google for a photo of Wolverhampton Archive, the shot will be of the present frontage.
There were houses on the righthand side (looking at the Hotel from the present frontage)
Now - I am as sure as sure can be that I have seen a photograph of these houses, but I cannot remember where I saw it. However, Wolverhampton Archives do publish a book about the history of Molineux House, and there may be further information in there.
Cati