Housing Market Analysis for OAK TREE CLOSE, B48 7PY

Are you looking to understand B48 7PY house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Bromsgrove postcode.

For the location information and nearby amenities in the B48 7PY area, explore the B48 7PY Area information page.
For comprehensive crime statistics in the B48 7PY area, explore the B48 7PY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B48 7PY postcode area, The average prices are as follows,

Other
- The average price is around £4,779 median price is £4,099 Standard Deviation is £2,391 with Total Sold: 6
- The Last 5 Year average price is £4,779 with Total Sold: 6
- The most recent sale happened at this postcode is 7 OAK TREE CLOSE: £4,327 (Sold on 16 Feb 2020)
- The first recorded sale happened at this postcode is 6 OAK TREE CLOSE: £3,036 (Sold on 16 Feb 2020)
Detached
- The average price is around £221,903 median price is £239,000 Standard Deviation is £88,064 with Total Sold: 16
- The most recent sale happened at this postcode is 5 OAK TREE CLOSE: £335,000 (Sold on 05 May 2017)
- The first recorded sale happened at this postcode is 4 OAK TREE CLOSE: £94,000 (Sold on 18 Oct 1996)
Terraced
- The average price is around £170,750 median price is £170,750 Standard Deviation is £42,250 with Total Sold: 2
- The most recent sale happened at this postcode is 3 OAK TREE CLOSE: £213,000 (Sold on 07 May 2009)
- The first recorded sale happened at this postcode is 3 OAK TREE CLOSE: £128,500 (Sold on 06 Oct 2000)

Sold Price Trend Over the Years:

Below table and chart gives the average B48 7PY house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£4,779	£33	6

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£335,000	£3,073	1
2016	£330,000	£3,028	1
2015	£395,000	£2,310	1
2014	£272,500	£2,019	1
2012	£245,000	£2,356	1
2010	£267,500	£2,451	1
2006	£249,950	£2,403	1
2004	£241,750	£1,512	2
2002	£233,000		1
2001	£142,000	£1,301	1
1999	£152,500	£892	1
1998	£148,500		1
1997	£105,000		1
1996	£95,500	£896	2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2009	£213,000		1
2000	£128,500		1

All the Sales in the OAK TREE CLOSE, B48 7PY

See the table below for more details on the sold house prices in the B48 7PY, Bromsgrove postcode.

Address	Sold Date	Price	% Change
7 OAK TREE CLOSEOther, FreeholdArea: 135 Sq.mtrAge: 1996-2002	16 Feb 2020	£4,327	-98.41%
	23 Apr 2014	£272,500	First Sale
9 OAK TREE CLOSEOther, Freehold	16 Feb 2020	£10,000	-95.71%
	07 Oct 2002	£233,000	56.90%
	02 Oct 1998	£148,500	First Sale
8 OAK TREE CLOSEOther, FreeholdArea: 109 Sq.mtrAge: 1991-1995	16 Feb 2020	£3,871	-98.83%
	28 Jan 2016	£330,000	First Sale
4 OAK TREE CLOSEOther, FreeholdArea: 104 Sq.mtrAge: 1976-1982	16 Feb 2020	£3,112	-98.73%
	17 Aug 2012	£245,000	-1.98%
	27 Jan 2006	£249,950	165.90%
	18 Oct 1996	£94,000	First Sale
5 OAK TREE CLOSEOther, FreeholdArea: 109 Sq.mtrAge: 1991-1995	16 Feb 2020	£4,327	-98.71%
	05 May 2017	£335,000	First Sale
6 OAK TREE CLOSEOther, FreeholdArea: 109.13 Sq.mtrAge: 1983-1990	16 Feb 2020	£3,036	-98.87%
	24 May 2010	£267,500	88.38%
	26 Jan 2001	£142,000	46.39%
	19 Dec 1996	£97,000	First Sale
2 OAK TREE CLOSEDetached, FreeholdArea: 171 Sq.mtrAge: 1991-1995	10 Dec 2015	£395,000	52.80%
	09 Jan 2004	£258,500	69.51%
	10 Dec 1999	£152,500	First Sale
3 OAK TREE CLOSETerraced, Freehold	07 May 2009	£213,000	65.76%
3 OAK TREE CLOSETerraced, Freehold	06 Oct 2000	£128,500	First Sale
1 OAK TREE CLOSEDetached, Freehold	11 Jun 2004	£225,000	114.29%
1 OAK TREE CLOSEDetached, Freehold	10 Feb 1997	£105,000	First Sale

Check out the sold house prices near the B48 7PY postcode. Properties currently for saleProperties currently for rent

OAK TREE CLOSE, B48 7PY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B48 7PY postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the B48 7PY postcode.

Terraced
- The average price is around £165,806 median price is £146,000 Standard Deviation is £94,804 with Total Sold: 317
- The Last 5 Year average price is £273,388 with Total Sold: 37
- The most recent sale happened at this postcode is , 8 ALTHESTAN CLOSE: £145,000 (Sold on 16 Aug 2024)
- The first recorded sale happened at this postcode is , 17 HERON CLOSE: £45,000 (Sold on 04 Jan 1995)
Semi-Detached
- The average price is around £207,998 median price is £210,000 Standard Deviation is £107,720 with Total Sold: 427
- The Last 5 Year average price is £330,558 with Total Sold: 75
- The most recent sale happened at this postcode is , 1 KINGFISHER COURT: £215,000 (Sold on 08 Aug 2024)
- The first recorded sale happened at this postcode is 2, WHARF COTTAGES CALLOW HILL ROAD: £25,000 (Sold on 16 Jan 1995)
Detached
- The average price is around £305,635 median price is £283,500 Standard Deviation is £152,659 with Total Sold: 239
- The Last 5 Year average price is £453,748 with Total Sold: 32
- The most recent sale happened at this postcode is , ARBURY HOUSE AQUEDUCT LANE: £879,000 (Sold on 17 May 2024)
- The first recorded sale happened at this postcode is , 29 TANYARD LANE: £104,000 (Sold on 13 Jan 1995)
Flat
- The average price is around £127,758 median price is £116,000 Standard Deviation is £64,614 with Total Sold: 32
- The Last 5 Year average price is £229,333 with Total Sold: 6
- The most recent sale happened at this postcode is FLAT 5, RECTORY COURT, 9 OLD RECTORY LANE: £250,000 (Sold on 31 Jan 2024)
- The first recorded sale happened at this postcode is , 23 THE BECKS: £42,000 (Sold on 08 Sep 1995)
Other
- The average price is around £47,075 median price is £3,871 Standard Deviation is £121,262 with Total Sold: 9
- The Last 5 Year average price is £47,075 with Total Sold: 9
- The most recent sale happened at this postcode is UNIT 2, RECTORY COURT OLD RECTORY LANE: £390,000 (Sold on 08 Jul 2021)
- The first recorded sale happened at this postcode is , 7 OAK TREE CLOSE: £4,327 (Sold on 16 Feb 2020)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£174,300		3
2023	£307,833	£3,290	3
2022	£394,500	£4,122	4
2021	£304,318	£3,187	11
2020	£215,400	£3,325	5
2019	£242,405	£2,947	11
2018	£234,667	£3,255	3
2017	£239,082	£3,244	11
2016	£205,718	£2,548	24
2015	£192,287	£2,720	12
2014	£219,825	£2,512	6
2013	£181,415	£2,365	13
2012	£189,271	£2,523	7
2011	£206,156	£2,395	9
2010	£200,431	£2,234	8
2009	£185,419	£2,131	13
2008	£226,255	£2,290	5
2007	£223,000	£2,628	11
2006	£180,468	£2,324	20
2005	£166,545	£2,036	11
2004	£163,029	£2,027	14
2003	£132,987	£1,954	15
2002	£112,838	£1,629	14
2001	£95,888	£1,204	14
2000	£82,147	£1,272	15
1999	£69,781	£1,042	17
1998	£63,050	£1,020	8
1997	£68,220	£970	17
1996	£53,566	£850	7
1995	£52,083	£857	6

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£333,000		4
2023	£362,917	£3,798	13
2022	£321,275	£3,657	10
2021	£320,789	£3,849	19
2020	£319,562	£3,424	12
2019	£329,379	£3,453	17
2018	£358,855	£3,512	11
2017	£278,286	£3,394	14
2016	£262,256	£3,115	21
2015	£283,195	£2,890	10
2014	£253,245	£2,560	11
2013	£226,081	£2,614	14
2012	£222,784	£2,658	19
2011	£223,415	£2,504	29
2010	£267,173	£2,695	11
2009	£195,988	£2,349	12
2008	£206,525	£2,358	10
2007	£235,121	£2,820	12
2006	£213,436	£2,168	18
2005	£175,350	£2,169	7
2004	£180,488	£2,013	13
2003	£164,871	£2,043	19
2002	£127,350	£1,534	14
2001	£126,835	£1,511	12
2000	£95,377	£1,136	11
1999	£79,162	£1,198	13
1998	£76,916	£1,111	25
1997	£71,172	£852	20
1996	£66,331	£842	18
1995	£66,106	£675	8

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£879,000		1
2023	£400,000	£4,428	3
2022	£519,583	£3,787	6
2021	£439,136	£4,128	11
2020	£335,500	£3,416	4
2019	£450,136	£3,932	7
2018	£509,500	£3,352	4
2017	£490,794	£3,174	6
2016	£392,137	£3,175	26
2015	£422,908	£2,963	6
2014	£333,042	£2,643	12
2013	£275,539	£2,790	12
2012	£299,249	£2,718	8
2011	£310,711	£2,801	14
2010	£367,500	£2,828	3
2009	£370,667	£2,762	6
2008	£321,040	£2,511	5
2007	£380,611	£2,415	9
2006	£305,493	£2,323	7
2005	£248,286	£2,032	7
2004	£247,550	£2,005	9
2003	£273,581	£2,448	8
2002	£216,915	£1,926	10
2001	£177,175	£1,405	8
2000	£143,921	£1,076	7
1999	£150,559	£1,499	9
1998	£111,744	£893	9
1997	£124,035	£815	13
1996	£129,333	£895	6
1995	£256,917		3

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£250,000		1
2023	£257,500	£4,231	2
2022	£222,500		2
2021	£166,000	£2,184	1
2018	£197,500	£3,107	2
2015	£140,000	£1,636	1
2013	£132,000	£1,760	1
2011	£87,000	£1,061	1
2007	£124,950	£2,975	1
2006	£125,250	£2,381	2
2005	£126,500	£1,720	2
2004	£123,475	£1,665	2
2003	£108,000	£1,262	1
2002	£88,125	£1,465	4
2001	£64,950	£866	1
2000	£104,833	£1,623	3
1999	£51,975	£950	2
1997	£49,950	£640	1
1996	£47,000	£627	1
1995	£42,000	£560	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£390,000		1
2020	£4,209	£33	8

House Type in B48 7PY area

The most common house types in the B48 7PY postcode area are Semi-detached (103), Detached (56), and Terraced (35).

Total	196
Semi-detached	103
Detached	56
Terraced	35
Flat	2
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (94), and Owned: Owns outright (59).

Owned: Owns with a mortgage or loan	94
Owned: Owns outright	59
Private rented: Private landlord or letting agency	15
Social rented: Other social rented	12
Social rented: Rents from council or Local Authority	6
Shared ownership: Shared ownership	5
Private rented: Other private rented	4
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the B48 7PY have 2 people in household (73), and 4 people in household (41).

2 people in household	73
4 people in household	41
3 people in household	40
1 person in household	33
5 people in household	8
7 people in household	1
0 people in household	0
6 people in household	0
8 or more people in household	0