According to the public record, 49, Oak Road, Oldbury is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 910 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Oak Road, Oldbury, B68 is located in the borough of Sandwell within the B68 postal district.
49, Oak Road, Oldbury has a single entry in the Land Registry database from January 2010 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 49 Oak Road Oldbury as £280,593 and the rental value as £1,253 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 49 Oak Road Oldbury has increased by £10,039 (3.6%) and its rental value has increased by £37 per month (3.0%).
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 49, Oak Road, Oldbury is in very good condition we estimate a sale value of £294,622 and rental value of £1,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,951 and a rental value of £1,165 per month.
If you were able to purchase this property for the estimated value of £280,593, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,379 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, 49, Oak Road, Oldbury was last sold on 21 Jan 2010 for £160,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2010, the market for similar properties has risen 82.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, Oak Road, Oldbury within a radius of 490 metres over the last 2 years.
The most recent example is 73, Oak Road, Oldbury, B68 0BH, a Freehold house which sold for £275,000 in Feb 2022.
Read more about house prices in B68.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Road, Oldbury, B68 has a total of 93 addresses. According to our analysis of all the public data, 49, Oak Road, Oldbury is the 55th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £61k more expensive than the average property in B68.
The closest station to 49, Oak Road, Oldbury is Rowley Regis station which is 2.4 kilometres 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 49, Oak Road, Oldbury, 51.2% of property is privately owned with a mortgage and 41.3% is privately owned outright.
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 49, Oak Road, Oldbury, 20.6% of residents are recorded as possessing school level qualifications and 38.2% 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 49, Oak Road, Oldbury, the average age was 39.8 and the most common age was 37.
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 49, Oak 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 49, Oak 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.