8, LILLEY LANE, BIRMINGHAM, B31 3JT - £335,000

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

8 LILLEY LANE is a midsized extended detached house of 115m², built sometime between 1900 and 1929. It was last sold for £335,000 in July 2022, which was around 23% below the average July 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

8 LILLEY LANE Sold Prices

Land registry data shows three sales for 8 LILLEY LANE 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 8 LILLEY LANE 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
2022 8 JUL	£335,000	£434,625	23% below HPI
2000 24 MAR	£82,500	£115,938	29% below HPI
1999 8 OCT	£54,000	£114,888	53% below HPI

8 LILLEY LANE 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 8 LILLEY LANE sales between October 1999 and July 2022 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 March 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 LILLEY LANE?

8 LILLEY LANE is 115m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 50% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 8 LILLEY LANE lies on this distribution: 49% of detached houses are smaller than 8 LILLEY LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

8 LILLEY LANE: Plot and Title Map

8 LILLEY LANE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 8 LILLEY LANE, 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 8 LILLEY LANE). 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 8 LILLEY LANE?

8 LILLEY LANE is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 8 on LILLEY LANE.