Feb 07, 2023 by HM

# House prices in Oldbury (B69 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Oldbury (B69 4).

## Defining 'B69 4'

This analysis is limited to properties whose postcode starts with "B69 4", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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. 27, Fisher Road, Oldbury, Tividale, sold for £185,000 on Jan-2024. Given the internal area of 65 square metres, the price per sqm is £2,846.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 105 sales in Oldbury (B69 4) that took place in the last two years.

##### Distribution of £ per sqm for Oldbury (B69 4)
Distribution of £ per sqm house prices in Oldbury

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 (B69 4). Of the 105 transactions, half were sold for between £1,830 and £2,690 per square metre. The median, or 'middle', price per square metre in 'B69 4' is £2,130. Notably, only 25% of properties that sold recently were valued at more than £2,690m2. 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 'B69 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B69 1 Tividale £2,040m2 £2,540m2 £2,920m2
B69 4 Oldbury £1,830m2 £2,130m2 £2,690m2
B69 2 Tividale £1,800m2 £2,290m2 £2,810m2
B69 3 Tividale £2,050m2 £2,550m2 £2,940m2

## 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 B69 4 (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 B69 4 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Oldbury (B69 4) over time
House price trends for Oldbury

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Titford Road, Oldbury, B69 4Q 80m2 £1,800 33
Ashes Road, Oldbury, B69 4R 91m2 £2,084 17
Birmingham Road, Oldbury, B69 4E 79m2 £1,663 14
Swan Crescent, Oldbury, B69 4Q 80m2 £2,585 12
Wolverhampton Road, Oldbury, B69 4R 77m2 £1,946 11
Ashwood Close, Oldbury, B69 4S 67m2 £1,946 10
Pool Lane, Oldbury, B69 4Q 84m2 £2,001 9
Poppy Avenue, Oldbury, B69 4B 76m2 £2,761 9

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
27, Fisher Rd, Oldbury, Tividale £185,000
Jan-2024
65 2,846
44, Ashwood Close, Oldbury, Tividale £160,000
Jan-2024
65 2,461
70, Arden Grove, Oldbury, Tividale £129,000
Jan-2024
55 2,345