3, FORGE WAY, OLDBURY, B69 2JR - £145,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 FORGE WAY is a very small semi-detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £221,048. It was last sold for £145,000 in March 2018, which was around 1% above the average March 2018 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

3 FORGE WAY Sold Prices

Land registry data shows three sales for 3 FORGE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. All of the three 3 FORGE WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 29 MAR	£145,000	£143,314	1% above HPI
2005 26 AUG	£141,000	£113,702	24% above HPI
1996 9 FEB	£59,995	£37,946	58% above HPI

3 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sandwell local authority area over time, sourced from the HPI. The three 3 FORGE WAY sales between February 1996 and March 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2005 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2018 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 FORGE WAY be worth now?

3 FORGE WAY might now be worth an estimated £221,048.

This is based on house price inflation of 52.4%, between March 2018 and December 2024, for semi-detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.4% inflationary increase is applied to the most recent sale price for 3 FORGE WAY of £145,000 on 29th March 2018. For the value to have increased from £145,000 to £221,048 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of 3 FORGE WAY has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The March 2018 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FORGE WAY has not materially changed since March 2018.

How Large is 3 FORGE WAY?

3 FORGE WAY is 73m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of semi-detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldbury, and where 3 FORGE WAY lies on this distribution: 12% of semi-detached houses houses are smaller than 3 FORGE WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

3 FORGE WAY: Plot and Title Map

3 FORGE WAY sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 3 FORGE WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 FORGE WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 FORGE WAY?

3 FORGE WAY is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 3 on FORGE WAY.