According to the public record, 56, Chestnut Road, Oldbury is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,155 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Chestnut Road, Oldbury, B68 is located in the borough of Sandwell within the B68 postal district.
56, Chestnut Road, Oldbury has 21 entries in the Land Registry database, most recently in May 2006 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 56 Chestnut Road Oldbury as £316,614 and the rental value as £1,353 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 56 Chestnut Road Oldbury has increased by £4,960 (1.6%) and its rental value has increased by £13 per month (1.0%).
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 56, Chestnut Road, Oldbury is in very good condition we estimate a sale value of £332,445 and rental value of £1,421 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,451 and a rental value of £1,258 per month.
If you were able to purchase this property for the estimated value of £316,614, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,556 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, 56, Chestnut Road, Oldbury was last sold on 26 May 2006 for £205,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Chestnut Road, Oldbury within a radius of 171m over the last 2 years.
The most recent example is 97, Forest Road, Oldbury, B68 0ED, a Freehold house which sold for £275,000 in May 2024.
Read more about house prices in B68.
Chestnut Road, Oldbury, B68 has a total of 91 addresses. According to our analysis of all the public data, 56, Chestnut Road, Oldbury is the 16th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £97k more expensive than the average property in B68.
The closest station to 56, Chestnut Road, Oldbury is Rowley Regis station which is 2.4 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 56, Chestnut Road, Oldbury, 51.6% of property is privately owned outright and 39.5% 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 56, Chestnut Road, Oldbury, 19.0% of residents are recorded as possessing school level qualifications and 36.9% 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 56, Chestnut 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 56, Chestnut Road, Oldbury, 0.6% 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 56, Chestnut 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.