38, WATERWAYS DRIVE, OLDBURY, B69 2EX - £89,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 WATERWAYS DRIVE is a very small semi-detached house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £178,451. It was last sold for £89,500 in February 2011, which was around 18% below the average February 2011 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

38 WATERWAYS DRIVE Sold Prices

Land registry data shows four sales for 38 WATERWAYS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. All of the four 38 WATERWAYS DRIVE sales were for below 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
2011 28 FEB	£89,500	£108,996	18% below HPI
2005 31 MAR	£92,000	£107,275	14% below HPI
2003 21 FEB	£69,000	£75,441	9% below HPI
1996 8 NOV	£39,000	£42,066	7% below HPI

38 WATERWAYS DRIVE 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 four 38 WATERWAYS DRIVE sales between November 1996 and February 2011 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 March 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2011 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 38 WATERWAYS DRIVE be worth now?

38 WATERWAYS DRIVE might now be worth an estimated £178,451.

This is based on house price inflation of 99.4%, between February 2011 and February 2025, 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 99.4% inflationary increase is applied to the most recent sale price for 38 WATERWAYS DRIVE of £89,500 on 28th February 2011. For the value to have increased from £89,500 to £178,451 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 38 WATERWAYS DRIVE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The February 2011 sale price of £89,500 represented a fair market value for the property.
• The size, condition, and specification of 38 WATERWAYS DRIVE has not materially changed since February 2011.

How Large is 38 WATERWAYS DRIVE?

38 WATERWAYS DRIVE is 56m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% 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 38 WATERWAYS DRIVE lies on this distribution: 2% of semi-detached houses houses are smaller than 38 WATERWAYS DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

38 WATERWAYS DRIVE: Plot and Title Map

38 WATERWAYS DRIVE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 38 WATERWAYS DRIVE, 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 38 WATERWAYS DRIVE). 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 38 WATERWAYS DRIVE?

38 WATERWAYS DRIVE is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 38 on WATERWAYS DRIVE.