Area Guide For Oldbury

Oldbury is a town in the West Midlands in England. It is a piece of the Black Country, and the regulatory focal point of the district of Sandwell. At the 2011 evaluation, the ward of Oldbury had a populace of 13,606, while the more extensive fabricated up territory had a populace of 23,964.[1] However, Sandwell Metropolitan Borough Council give the populace figure of Oldbury as 50,641. For more than thirty years there were three line stations in the area named Oldbury; one and only is still open, however under another name. The most established surviving one is on the Stour Valley Line (previous LMS Railway), at Bromford Road. It has been there since the 1850s. It was initially called Oldbury & Bromford Lane Station, then Oldbury Station, however it is currently known as Sandwell and Dudley. The second closest track station to the core of Oldbury is at Langley Green, at Western Road, on the Stourbridge Extension Line, now the Birmingham to Worcester by means of Kidderminster Line. It opened in April 1867 and was initially called Langley Green & Rood End Station. However a short half-mile long extension line, the Oldbury Railway, was connected to the station with its own (third) stage. It opened in November 1884; and Langley Green & Rood End Station was then renamed Langley Green. The Oldbury Railway, which additionally connected to Albright and Wilson, had both a traveler station, called Oldbury line station, on Halesowen Road; and a merchandise station, Oldbury Goods route station, at the Birmingham Canal Navigations wharf in Oldbury. Traveler administrations rushed to Oldbury Station until March 1915; and the line shut totally other than as a cargo line for Albright and Wilson. All hints of its viaduct and dike past Tat Bank Road were annihilated when the M5 motorway was assembled. The M5 has served Oldbury since 1964 and passes the town on a lifted area based on fortified solid columns. Access is from intersection 2. This is additionally the closest intersection to the Black Country Living Museum in Dudley.


Oldbury Map

Estimated Price: £138,904
Average Asking Price: £151,841
Price change in last one year: £7,846
Average Price Paid: £119,772
Average Rent Rates: £770


Property Prices Breakdown in Oldbury

Average Price for property in Oldbury is around £138,904 which varies based on type of property you are interested in and ranges from £219,334 for detached house to around £140,105 for semi-detached. Similarly terraced house is around £118,321 and a flat is worth £91,346. Values have been changing and have risen £259 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £34 in last 6 months, £7,846 in last 1 year, £12,943 in last 2 years, £10,191 in last 3 years, £10,365 in last 4 years and £10,623 in last 5 years.

Currently average asking price of a property in Oldbury is around £151,841 based on approximately 527 properties for sale. Same is the case with rental options based on 124 properties up for rent, average asking rent is around £770 per month.

Estimated property value in Oldbury is £138,904. Average asking price is £151,841 while average price paid is £125,643 which is up by £7,846 and Avg. asking rent £770.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Oldbury area. In last 1 year alone average price buyer paid is around £125,643 based on approximately 527 sales in Oldbury area alone. If you compare it to last 3 years sales of 1,618 properties where buyers paid around £122,219. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £119,772 for 2,661 and average amount paid for purchase of approx. 3,633 properties sold in last 7 years comes to about £120,110 per sale.


Properties For Sale in Oldbury


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £95,650, £118,989 for a 2 bedroom house, £149,720 for a 3 bedroom house, £212,397 for a 4 bedroom house and £265,405 for a 5 bedroom house. For a flat similarly the prices varies from £76,874 for a single bedroom to £87,510 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £74,000. To sum up the asking prices for properties in Oldbury it comes to around average £83,133 for 1 bedroom property, £108,496 for 2 bedroom, £149,430 for 3 bedroom, £212,397 for 4 bedroom and £265,405 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £320 for 1 bedroom to £534 for 2 bedrooms, £601 for 3 bedrooms, £771 for 4 bedrooms and £973 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £414. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £506, £524 for 3 bedroom and £676 for 5 bedroom. You should be generally be expecting around average £386 rent per month for single bedroom property, £518 for 2 bedroom, £595 for 3 bedroom, £771 for 4 bedroom and approximately £874 for a 5 bedroom property in Oldbury area.

Popular Houses in Oldbury

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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