14, LAKEWOOD DRIVE, RUBERY, BIRMINGHAM, B45 9WE - £343,000

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.

14 LAKEWOOD DRIVE is a large detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £430,698. It was last sold for £343,000 in July 2019, which was around 1% below the average July 2019 detached price in the Birmingham local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

14 LAKEWOOD DRIVE Sold Prices

Land registry data shows two sales for 14 LAKEWOOD DRIVE 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. One of the two 14 LAKEWOOD DRIVE sales was for below the average price, whilst the other was 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
2019 26 JUL	£343,000	£345,595	1% below HPI
2001 10 AUG	£182,950	£142,887	28% above HPI

14 LAKEWOOD DRIVE 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 14 LAKEWOOD DRIVE sales from August 2001 and July 2019 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 2001 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 14 LAKEWOOD DRIVE be worth now?

14 LAKEWOOD DRIVE might now be worth an estimated £430,698.

This is based on house price inflation of 25.6%, between July 2019 and February 2025, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for 14 LAKEWOOD DRIVE of £343,000 on 26th July 2019. For the value to have increased from £343,000 to £430,698 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 14 LAKEWOOD DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The July 2019 sale price of £343,000 represented a fair market value for the property.
• The size, condition, and specification of 14 LAKEWOOD DRIVE has not materially changed since July 2019.

How Large is 14 LAKEWOOD DRIVE?

14 LAKEWOOD DRIVE is 126m² according to the EPC inspection conducted in January 2019. This puts it in the largest 40% of detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 14 LAKEWOOD DRIVE lies on this distribution: 61% of detached houses houses are smaller than 14 LAKEWOOD DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

14 LAKEWOOD DRIVE: Plot and Title Map

14 LAKEWOOD DRIVE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 14 LAKEWOOD 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 14 LAKEWOOD 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 14 LAKEWOOD DRIVE?

14 LAKEWOOD DRIVE is located in RUBERY, in the B45 postcode district. The below map shows the position of No. 14 on LAKEWOOD DRIVE.