According to the public record, 18, Martley Road, Oldbury is a mid-century leasehold apartment and with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Martley Road, Oldbury, B69 is located in the borough of Sandwell within the B69 postal district.
18, Martley Road, Oldbury has a single entry in the Land Registry database from November 2015 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 18 Martley Road Oldbury as £86,096 and the rental value as £588 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 18 Martley Road Oldbury has increased by £1,040 (1.2%) and its rental value has increased by £17 per month (2.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 18, Martley Road, Oldbury is in very good condition we estimate a sale value of £90,401 and rental value of £617 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,070 and a rental value of £547 per month.
If you were able to purchase this property for the estimated value of £86,096, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £423 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 18, Martley Road, Oldbury was last sold on 26 Nov 2015 for £55,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 49.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Martley Road, Oldbury within a radius of 308m over the last 2 years.
The most recent example is 20, Martley Road, Oldbury, B69 1DZ, a Leasehold flat which sold for £85,000 in Nov 2022.
Read more about house prices in B69.
Martley Road, Oldbury, B69 has a total of 69 addresses. According to our analysis of all the public data, 18, Martley Road, Oldbury is the 41st largest and the 39th most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in B69.
18, Martley Road, Oldbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Jan 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 18, Martley Road, Oldbury is Rowley Regis station which is 1.8 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 18, Martley Road, Oldbury, 44.8% of property is socially rented and 23.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 18, Martley Road, Oldbury, 23.2% of residents are recorded as possessing school level qualifications and 13.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 18, Martley Road, Oldbury, the average age was 38.5 and the most common age was 2.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 18, Martley Road, Oldbury, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 18, Martley Road, Oldbury, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.