2, OAKLANDS WAY, BIRMINGHAM, B31 5EA - £336,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OAKLANDS WAY is a small extended detached house of 94m², built sometime between 1991 and 1995. It was last sold for £336,000 in May 2021, which was around 13% below the average May 2021 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

2 OAKLANDS WAY Sold Prices

Land registry data shows three sales for 2 OAKLANDS WAY 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. Two of the three 2 OAKLANDS WAY sales were for below the average price, whilst one 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
2021 28 MAY	£336,000	£388,128	13% below HPI
2020 30 OCT	£329,950	£370,935	11% below HPI
1997 19 DEC	£124,000	£100,166	24% above HPI

2 OAKLANDS WAY 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 2 OAKLANDS WAY sales between December 1997 and May 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 October 2020 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 OAKLANDS WAY?

2 OAKLANDS WAY is 94m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% 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 OAKLANDS WAY lies on this distribution: 27% of detached houses are smaller than 2 OAKLANDS WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 OAKLANDS WAY: Plot and Title Map

2 OAKLANDS WAY sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 2 OAKLANDS WAY, 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 OAKLANDS WAY). 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 OAKLANDS WAY?

2 OAKLANDS WAY is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 2 on OAKLANDS WAY.