House prices in B68 8 (Oldbury)

This article reveals price per square metre data and various charts to help you understand current housing market in 'B68 8' (Oldbury) - statistics were last calculated on 30 June 2024.

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Defining 'B68 8'

This analysis is limited to properties whose postcode starts with "B68 8", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Oldbury.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. 21, Farm Avenue, Oldbury, sold for £315,000 on May-2024. Given the internal area of 88 square metres, the price per sqm is £3,579.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 172 sales in Oldbury (B68 8) 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.

The spread of prices will give you a feel of the typical range to expect in Oldbury (B68 8). Of the 172 transactions, half were sold for between £2,030 and £3,050 per square metre. The median, or 'middle', price per square metre in 'B68 8' is £2,470. Notably, only 25% of properties that sold recently were valued at more than £3,050 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Oldbury

Do have a look at the interactive price map I created. 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.

House price heatmap for Oldbury

Comparison with neighbouring postcode sectors

The table below shows how 'B68 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B68 0 Oldbury	£2,270 sqm	£2,600 sqm	£2,980 sqm
B68 9 Oldbury	£2,260 sqm	£2,720 sqm	£3,020 sqm
B68 8 Oldbury	£2,030 sqm	£2,470 sqm	£3,050 sqm

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 chart below for B68 8 (Oldbury) compared with both the wider area B68 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Oldbury to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Moat Road, Oldbury, B68 8E	105 sqm	£2,384	26
Pel Crescent, Oldbury, B68 8S	82 sqm	£2,548	24
Penncricket Lane, Oldbury, B68 8L	71 sqm	£1,534	19
Causeway Green Road, Oldbury, B68 8L	84 sqm	£1,787	19
Farm Road, Oldbury, B68 8R	80 sqm	£1,810	18
Pound Road, Oldbury, B68 8N	92 sqm	£2,361	17
Grafton Road, Oldbury, B68 8B	86 sqm	£2,310	16
Old College Avenue, Oldbury, B68 8B	82 sqm	£2,435	14

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	sqm	£/sqm
21, Farm Avenue, Oldbury	£315,000 May-2024	88	3,579
21, Kenelm Rd, Oldbury	£230,000 Apr-2024	93	2,473
49, Moat Rd, Oldbury	£305,000 Mar-2024	121	2,520

See the entire list of all sales in Oldbury (B68 8) here.