17, LAKEWOOD DRIVE, RUBERY, BIRMINGHAM, B45 9WE - £345,000

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.

17 LAKEWOOD DRIVE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £376,900. It was last sold for £345,000 in November 2021, which was around 13% below the average November 2021 detached price in the Birmingham local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

17 LAKEWOOD DRIVE Sold Prices

Land registry data shows three sales for 17 LAKEWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the three 17 LAKEWOOD 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
2021 26 NOV	£345,000	£397,227	13% below HPI
2012 31 AUG	£230,000	£241,050	5% below HPI
2002 22 MAR	£142,950	£148,940	4% below HPI

17 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 three 17 LAKEWOOD DRIVE sales between March 2002 and November 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 August 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 17 LAKEWOOD DRIVE be worth now?

17 LAKEWOOD DRIVE might now be worth an estimated £376,900.

This is based on house price inflation of 9.2%, between November 2021 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 9.2% inflationary increase is applied to the most recent sale price for 17 LAKEWOOD DRIVE of £345,000 on 26th November 2021. For the value to have increased from £345,000 to £376,900 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 17 LAKEWOOD DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The November 2021 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 17 LAKEWOOD DRIVE has not materially changed since November 2021.

How Large is 17 LAKEWOOD DRIVE?

17 LAKEWOOD DRIVE is 119m² according to the EPC inspection conducted in February 2010. This puts it in the largest 50% 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 17 LAKEWOOD DRIVE lies on this distribution: 55% of detached houses houses are smaller than 17 LAKEWOOD DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

17 LAKEWOOD DRIVE: Plot and Title Map

17 LAKEWOOD DRIVE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 17 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 17 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 17 LAKEWOOD DRIVE?

17 LAKEWOOD DRIVE is located in RUBERY, in the B45 postcode district. The below map shows the position of No. 17 on LAKEWOOD DRIVE.