8, FORGE WAY, OLDBURY, B69 2JR - £250,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 FORGE WAY is a midsized extended semi-detached house of 98m², built sometime between 1991 and 1995. It was last sold for £250,000 in June 2021, which was around 9% below the average June 2021 detached price in the Sandwell local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

8 FORGE WAY Sold Prices

Land registry data shows four sales for 8 FORGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the four 8 FORGE WAY 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
2021 2 JUN	£250,000	£275,906	9% below HPI
2003 29 MAY	£118,000	£133,936	12% below HPI
1998 28 MAY	£66,500	£72,455	8% below HPI
1996 24 JUN	£63,950	£66,361	4% below HPI

8 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The four 8 FORGE WAY sales between June 1996 and June 2021 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 May 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 8 FORGE WAY?

8 FORGE WAY is 98m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 50% of detached houses in Oldbury, based on EPC data. The below chart shows the distribution of detached houses by size in Oldbury, and where 8 FORGE WAY lies on this distribution: 53% of detached houses are smaller than 8 FORGE WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

8 FORGE WAY: Plot and Title Map

8 FORGE WAY sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 8 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 8 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 8 FORGE WAY?

8 FORGE WAY is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 8 on FORGE WAY.