6, LAKEWOOD DRIVE, RUBERY, BIRMINGHAM, B45 9WE - £326,000

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.

6 LAKEWOOD DRIVE is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £364,403. It was last sold for £326,000 in June 2021, which was around 16% below the average June 2021 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

6 LAKEWOOD DRIVE Sold Prices

Land registry data shows two sales for 6 LAKEWOOD DRIVE 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. One of the two 6 LAKEWOOD DRIVE sales was for below the average price, whilst the other 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 11 JUN	£326,000	£388,223	16% below HPI
2001 29 JUN	£146,950	£138,003	6% above HPI

6 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 two 6 LAKEWOOD DRIVE sales from June 2001 and June 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 June 2001 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 6 LAKEWOOD DRIVE be worth now?

6 LAKEWOOD DRIVE might now be worth an estimated £364,403.

This is based on house price inflation of 11.8%, between June 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 11.8% inflationary increase is applied to the most recent sale price for 6 LAKEWOOD DRIVE of £326,000 on 11th June 2021. For the value to have increased from £326,000 to £364,403 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 6 LAKEWOOD DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The June 2021 sale price of £326,000 represented a fair market value for the property.
• The size, condition, and specification of 6 LAKEWOOD DRIVE has not materially changed since June 2021.

How Large is 6 LAKEWOOD DRIVE?

6 LAKEWOOD DRIVE is 102m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 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 6 LAKEWOOD DRIVE lies on this distribution: 35% of detached houses houses are smaller than 6 LAKEWOOD DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

6 LAKEWOOD DRIVE: Plot and Title Map

6 LAKEWOOD DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 6 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 6 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 6 LAKEWOOD DRIVE?

6 LAKEWOOD DRIVE is located in RUBERY, in the B45 postcode district. The below map shows the position of No. 6 on LAKEWOOD DRIVE.