According to the public record, 224, Wolverhampton Road, Oldbury is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 926 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Wolverhampton Road, Oldbury, B68 is located in the borough of Sandwell within the B68 postal district.
224, Wolverhampton Road, Oldbury has a single entry in the Land Registry database from November 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 224 Wolverhampton Road Oldbury as £299,624 and the rental value as £1,274 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 224 Wolverhampton Road Oldbury has increased by £7,946 (2.7%) and its rental value has increased by £40 per month (3.1%).
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 224, Wolverhampton Road, Oldbury is in very good condition we estimate a sale value of £314,605 and rental value of £1,338 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,650 and a rental value of £1,185 per month.
If you were able to purchase this property for the estimated value of £299,624, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,473 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, 224, Wolverhampton Road, Oldbury was last sold on 02 Nov 2007 for £178,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 72.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 224, Wolverhampton Road, Oldbury within a radius of 118m over the last 2 years.
The most recent example is 228, Wolverhampton Road, Oldbury, B68 0TF, a Freehold house which sold for £235,000 in Mar 2020.
Read more about house prices in B68.
Wolverhampton Road, Oldbury, B68 has a total of 331 addresses. According to our analysis of all the public data, 224, Wolverhampton Road, Oldbury is the 197th largest and the 150th most expensive property on the street.
When compared to the postcode district it is £80k more expensive than the average property in B68.
The closest station to 224, Wolverhampton Road, Oldbury is Rowley Regis station which is 2.1 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 224, Wolverhampton Road, Oldbury, 47.5% of property is privately owned outright and 41.5% 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 224, Wolverhampton Road, Oldbury, 23.3% of residents are recorded as possessing school level qualifications and 27.6% 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 224, Wolverhampton Road, Oldbury, the average age was 41.7 and the most common age was 52.
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 224, Wolverhampton 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 224, Wolverhampton Road, Oldbury, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.