23, OAKLANDS WAY, BIRMINGHAM, B31 5EA - £355,000

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.

23 OAKLANDS WAY is a large detached house of 134m², built sometime between 1996 and 2002, which could now be worth an estimated £468,094. It was last sold for £355,000 in February 2018, which was around 8% above the average February 2018 detached price in the Birmingham local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

23 OAKLANDS WAY Sold Prices

Land registry data shows two sales for 23 OAKLANDS WAY 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 23 OAKLANDS WAY sales were 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
2018 26 FEB	£355,000	£329,110	8% above HPI
1999 27 AUG	£146,500	£111,405	32% above HPI

23 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 two 23 OAKLANDS WAY sales from August 1999 and February 2018 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 1999 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2018 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 23 OAKLANDS WAY be worth now?

23 OAKLANDS WAY might now be worth an estimated £468,094.

This is based on house price inflation of 31.9%, between February 2018 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 31.9% inflationary increase is applied to the most recent sale price for 23 OAKLANDS WAY of £355,000 on 26th February 2018. For the value to have increased from £355,000 to £468,094 over the seven years to February 2025, the following assumptions must hold true:

• The value of 23 OAKLANDS WAY has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The February 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 23 OAKLANDS WAY has not materially changed since February 2018.

How Large is 23 OAKLANDS WAY?

23 OAKLANDS WAY is 134m² according to the EPC inspection conducted in July 2017. 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 23 OAKLANDS WAY lies on this distribution: 67% of detached houses houses are smaller than 23 OAKLANDS WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

23 OAKLANDS WAY: Plot and Title Map

23 OAKLANDS WAY sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 23 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 23 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 23 OAKLANDS WAY?

23 OAKLANDS WAY is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 23 on OAKLANDS WAY.