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

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.

2 LAKEFIELD is a very small detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £273,476. It was last sold for £193,500 in December 2016, which was around 37% 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	£307,049	37% below HPI
2001 21 DEC	£109,250	£145,749	25% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2016 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 LAKEFIELD be worth now?

2 LAKEFIELD might now be worth an estimated £273,476.

This is based on house price inflation of 41.3%, between December 2016 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 41.3% inflationary increase is applied to the most recent sale price for 2 LAKEFIELD of £193,500 on 8th December 2016. For the value to have increased from £193,500 to £273,476 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 LAKEFIELD has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The December 2016 sale price of £193,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKEFIELD has not materially changed since December 2016.

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 houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 2 LAKEFIELD lies on this distribution: 10% of detached houses 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.