According to the public record, 2, Lakefield Close, Birmingham is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 909 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lakefield Close, Birmingham, B28 is located in the borough of Birmingham within the B28 postal district.
2, Lakefield Close, Birmingham has a single entry in the Land Registry database from January 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Lakefield Close Birmingham as £198,479 and the rental value as £1,026 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Lakefield Close Birmingham has increased by £11,923 (6.0%) and its rental value has increased by £52 per month (5.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Lakefield Close, Birmingham is in very good condition we estimate a sale value of £208,403 and rental value of £1,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,585 and a rental value of £955 per month.
If you were able to purchase this property for the estimated value of £198,479, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £975 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Lakefield Close, Birmingham was last sold on 26 Jan 2007 for £115,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 73.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lakefield Close, Birmingham within a radius of 500 metres over the last 2 years.
The most recent example is 29, Mapleton Grove, Birmingham, B28 9RG, a Freehold house which sold for £195,000 in Feb 2024.
Read more about house prices in B28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lakefield Close, Birmingham, B28 has a total of 84 addresses. According to our analysis of all the public data, 2, Lakefield Close, Birmingham is the largest and the most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in B28.
The closest station to 2, Lakefield Close, Birmingham is Hall Green station which is 1.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Lakefield Close, Birmingham, 62.4% of property is socially rented and 15.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Lakefield Close, Birmingham, 23.9% of residents are recorded as possessing school level qualifications and 22.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Lakefield Close, Birmingham, the average age was 32.9 and the most common age was 7.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Lakefield Close, Birmingham, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Lakefield Close, Birmingham, there are an average of 0.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.