Feb 07, 2023 by HM

House prices in Oldbury (B68 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Oldbury (B68 0).

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Price per square metre

Knowing the average house price in Oldbury is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 748, Hagley Road West, Oldbury, sold for £175,000 on Oct-2023. Given the internal area of 94 square metres, the price per sqm is £1,861.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 197 sales in Oldbury (B68 0) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Oldbury (B68 0). Of the 197 transactions, half were sold for between £2,250 and £2,970 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,970m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'B68 0' is £2,650. The table below shows how 'B68 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B68 0 Oldbury	£2,250m2	£2,650m2	£2,970m2
B68 9 Oldbury	£2,290m2	£2,680m2	£3,030m2
B68 8 Oldbury	£1,990m2	£2,370m2	£3,010m2

Will Oldbury house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for B68 0 (Oldbury). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for B68 0 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Oldbury and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Oldbury data or any other data I am given.

Price map for Oldbury

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Oldbury. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Oldbury

Street level data

Street	Avg size	Avg £/m2	Recent sales
Castle Road West, Oldbury, B68 0E	91m2	£2,748	16
Apsley Road, Oldbury, B68 0Q	86m2	£2,626	15
Hagley Road West, Oldbury, B68 0B	59m2	£1,263	14
Oldacre Road, Oldbury, B68 0R	82m2	£2,157	13
Queensway, Oldbury, B68 0L	64m2	£1,313	12
Elm Croft, Oldbury, B68 0B	87m2	£2,884	12
Chestnut Road, Oldbury, B68 0A	96m2	£2,611	12
Cornwall Avenue, Oldbury, B68 0S	82m2	£2,176	12

Search for your street here.

Raw data

Our analysis of Oldbury is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
748, Hagley Rd West, Oldbury	£175,000 Oct-2023	94	1,861
Flat 71 Queensridge Court, 82, Queensway, Oldbury	£105,000 Sep-2023	63	1,666
Flat 81 Queensridge Court, 82, Queensway, Oldbury	£32,500 Sep-2023	63	515

See the entire list of all sales in Oldbury (B68 0) here.