According to the public record, 42, Starkie Drive, Oldbury is a mid-century leasehold apartment and with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Starkie Drive, Oldbury, B68 is located in the borough of Sandwell within the B68 postal district.
42, Starkie Drive, Oldbury has a single entry in the Land Registry database from October 2021 and a single entry in the EPC database dated July 2021.
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 42 Starkie Drive Oldbury as £78,613 and the rental value as £520 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 42 Starkie Drive Oldbury has increased by £1,331 (1.7%) and its rental value has increased by £12 per month (2.4%).
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 42, Starkie Drive, Oldbury is in very good condition we estimate a sale value of £82,544 and rental value of £546 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,110 and a rental value of £484 per month.
If you were able to purchase this property for the estimated value of £78,613, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £386 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, 42, Starkie Drive, Oldbury was last sold on 29 Oct 2021 for £62,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2021, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Starkie Drive, Oldbury within a radius of 343m over the last 2 years.
The most recent example is 25, Goode Close, Oldbury, B68 9NT, a Leasehold flat which sold for £66,500 in Mar 2017.
Read more about house prices in B68.
Starkie Drive, Oldbury, B68 has a total of 47 addresses. According to our analysis of all the public data, 42, Starkie Drive, Oldbury is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in B68.
42, Starkie Drive, Oldbury has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Jul 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 42, Starkie Drive, Oldbury is Langley Green station which is 800 m 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 42, Starkie Drive, Oldbury, 55.4% of property is privately owned outright and 25.0% 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 42, Starkie Drive, Oldbury, 15.2% of residents are recorded as possessing school level qualifications and 24.2% 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 42, Starkie Drive, Oldbury, the average age was 39.8 and the most common age was 57.
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 42, Starkie Drive, 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 42, Starkie Drive, Oldbury, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.