54, Lakefield Close
54, Lakefield Close
Description & Estimates
54, Lakefield Close, Birmingham is recorded publicly as a mid-century leasehold apartment across 495 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 54, Lakefield Close, Birmingham is £107,964 and its rental estimate is £708 per month, given the available information and assuming reasonable condition.
Lakefield Close, Birmingham, B28 falls within the B28 postal district, in the borough of Birmingham.
Our Data Sources
54, Lakefield Close, Birmingham has 21 entries in the Land Registry , most recently in May 2021 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 54, Lakefield Close, Birmingham, we estimate a market value of £113,362 and a rental value of £743 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £100,406 and £658 per month respectively.
Recent Market Change
Over the last year, 54, Lakefield Close, Birmingham has seen its estimated sale value fall by £1,878 (1.7%) and its estimated rental value move up by £7 per month (1.1%). This results in an estimated gross rental yield of 7.9%.
Energy Efficiency
54, Lakefield Close, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 54, Lakefield Close, Birmingham completed on 4th May 2021 at £116,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 34.9% over the period since May 2021.
- Sold May 2021£116,000
- Sold Jan 2004£79,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 54, Lakefield Close, Birmingham have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th August 2021, was 56, Lakefield Close, Birmingham, B28 8QY, a leasehold flat which sold for £103,500.
Read more about house prices in B28.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 84 addresses on Lakefield Close, Birmingham, B28, 54, Lakefield Close, Birmingham comes out as the 66th largest and the 59th most expensive in our analysis of the public data.
It is also £194k less expensive than the average property across the B28 district.
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Schools Nearby
- 100mLakey Lane Primary School
- 600mSeverne Junior Infant and Nursery School
- 700mRobin Hood Academy
- 900mNinestiles, an Academy
- 1.2kmLangley School
- 1.3kmHall Green School
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Public Transport Nearby
From 54, Lakefield Close, Birmingham, the nearest station is Hall Green, 1.2 kilometres away.
- 1.2kmHall Green
- 1.4kmSpring Road
- 1.9kmOlton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
