According to the public record, 79, Forest Road, Oldbury is a mid-century freehold house with 1,377 ft2 of internal area and sits on a 286 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Forest Road, Oldbury, B68 is located in the borough of Sandwell within the B68 postal district.
79, Forest Road, Oldbury has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated January 2014.
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 79 Forest Road Oldbury as £331,898 and the rental value as £1,338 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 79 Forest Road Oldbury has increased by £5,199 (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 79, Forest Road, Oldbury is in very good condition we estimate a sale value of £348,493 and rental value of £1,405 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,665 and a rental value of £1,245 per month.
If you were able to purchase this property for the estimated value of £331,898, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,631 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 data from HM Land Registry, 79, Forest Road, Oldbury sits on a plot of 286m2.
We have plot size data on 25 out of 39 other houses in the postcode and 79, Forest Road, Oldbury sits on the 16th largest plot.
According to HM Land Registry, 79, Forest Road, Oldbury was last sold on 16 Dec 2015 for £253,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 50.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 79, Forest Road, Oldbury within a radius of 490 metres over the last 2 years.
The most recent example is 77, Oak Road, Oldbury, B68 0BH, a Freehold house which sold for £325,000 in Nov 2022.
Read more about house prices in B68.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Road, Oldbury, B68 has a total of 104 addresses. According to our analysis of all the public data, 79, Forest Road, Oldbury is the 19th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £112k more expensive than the average property in B68.
79, Forest Road, Oldbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jan 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 79, Forest Road, Oldbury is Rowley Regis station which is 2.5 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 79, Forest 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 79, Forest 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 79, Forest 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 79, Forest 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 79, Forest 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.