4, LAKEFIELD, NORTHFIELD, BIRMINGHAM, B31 1FQ - £175,000

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.

4 LAKEFIELD is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £315,654. It was last sold for £175,000 in December 2009, which was around 27% below the average December 2009 detached price in the Birmingham local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

4 LAKEFIELD Sold Prices

Land registry data shows three sales for 4 LAKEFIELD 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 4 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
2009 11 DEC	£175,000	£240,587	27% below HPI
2005 11 NOV	£169,000	£241,888	30% below HPI
2001 21 DEC	£109,500	£145,749	25% below HPI

4 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 three 4 LAKEFIELD sales between December 2001 and December 2009 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 November 2005 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2009 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 4 LAKEFIELD be worth now?

4 LAKEFIELD might now be worth an estimated £315,654.

This is based on house price inflation of 80.4%, between December 2009 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 80.4% inflationary increase is applied to the most recent sale price for 4 LAKEFIELD of £175,000 on 11th December 2009. For the value to have increased from £175,000 to £315,654 over the sixteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 LAKEFIELD has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The December 2009 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LAKEFIELD has not materially changed since December 2009.

How Large is 4 LAKEFIELD?

4 LAKEFIELD is 115m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 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 4 LAKEFIELD lies on this distribution: 49% of detached houses houses are smaller than 4 LAKEFIELD, and 51% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

4 LAKEFIELD: Plot and Title Map

4 LAKEFIELD sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 4 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 4 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 4 LAKEFIELD?

4 LAKEFIELD is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 4 on LAKEFIELD.