According to the public record, 40, Lakey Lane, Birmingham is a early-century freehold house with 1,087 ft2 of internal area and sits on a 221 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lakey Lane, Birmingham, B28 is located in the borough of Birmingham within the B28 postal district.
40, Lakey Lane, Birmingham has 21 entries in the Land Registry database, most recently in November 2015 and a single entry in the EPC database dated October 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 40 Lakey Lane Birmingham as £318,236 and the rental value as £1,432 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 40 Lakey Lane Birmingham has increased by £11,240 (3.5%) and its rental value has increased by £43 per month (3.0%).
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 40, Lakey Lane, Birmingham is in very good condition we estimate a sale value of £334,148 and rental value of £1,504 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,960 and a rental value of £1,332 per month.
If you were able to purchase this property for the estimated value of £318,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,564 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 data from HM Land Registry, 40, Lakey Lane, Birmingham sits on a plot of 221m2.
We have plot size data on 44 out of 61 other houses in the postcode and 40, Lakey Lane, Birmingham sits on the 32nd largest plot.
According to HM Land Registry, 40, Lakey Lane, Birmingham was last sold on 03 Nov 2015 for £180,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2015, the market for similar properties has risen 51.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Lakey Lane, Birmingham within a radius of 540 metres over the last 2 years.
The most recent example is 42, Miall Road, Birmingham, B28 9BS, a Freehold house which sold for £300,000 in Nov 2023.
Read more about house prices in B28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lakey Lane, Birmingham, B28 has a total of 179 addresses. According to our analysis of all the public data, 40, Lakey Lane, Birmingham is the 34th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £13k more expensive than the average property in B28.
40, Lakey Lane, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Oct 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 40, Lakey Lane, Birmingham is Hall Green station which is 800 metres 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 40, Lakey Lane, Birmingham, 41.2% of property is privately owned outright and 37.7% is privately owned with a mortgage.
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 40, Lakey Lane, Birmingham, 32.3% of residents are recorded as possessing school level qualifications and 40.6% 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 40, Lakey Lane, Birmingham, the average age was 37.9 and the most common age was 12.
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 40, Lakey Lane, Birmingham, 0.3% 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 40, Lakey Lane, Birmingham, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.