2, LAKEFIELD, NORTHFIELD, BIRMINGHAM, B31 1FQ - £193,500

2 LAKEFIELD is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £193,500 in December 2016, which was around 38% below the average December 2016 detached price in the Birmingham local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

2 LAKEFIELD Sold Prices

Land registry data shows two sales for 2 LAKEFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 2 LAKEFIELD 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
2016 8 DEC	£193,500	£313,089	38% below HPI
2001 21 DEC	£109,250	£148,616	26% below HPI

2 LAKEFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 2 LAKEFIELD sales from December 2001 and December 2016 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 December 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2016 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 2 LAKEFIELD?

2 LAKEFIELD is 78m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 2 LAKEFIELD lies on this distribution: 10% of detached houses are smaller than 2 LAKEFIELD, and 89% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 LAKEFIELD: Plot and Title Map

2 LAKEFIELD sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 2 LAKEFIELD, 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 2 LAKEFIELD). 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 2 LAKEFIELD?

2 LAKEFIELD is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 2 on LAKEFIELD.