2, LYE CLOSE LANE, BIRMINGHAM, B32 3QS - £187,000

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.

2 LYE CLOSE LANE is a large extended semi-detached house of 139m², built sometime before 1900, which could now be worth an estimated £359,298. It was last sold for £187,000 in March 2011, which was around 34% above the average March 2011 semi-detached price in the Birmingham local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

2 LYE CLOSE LANE Sold Prices

Land registry data shows two sales for 2 LYE CLOSE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Birmingham local authority area for the corresponding sale date. One of the two 2 LYE CLOSE LANE sales was for above the average price, whilst the other was 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
2011 11 MAR	£187,000	£139,217	34% above HPI
1995 9 JUN	£50,000	£50,340	1% below HPI

2 LYE CLOSE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 2 LYE CLOSE LANE sales from June 1995 and March 2011 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 1995 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2011 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 2 LYE CLOSE LANE be worth now?

2 LYE CLOSE LANE might now be worth an estimated £359,298.

This is based on house price inflation of 92.1%, between March 2011 and June 2025, for semi-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 92.1% inflationary increase is applied to the most recent sale price for 2 LYE CLOSE LANE of £187,000 on 11th March 2011. For the value to have increased from £187,000 to £359,298 over the thirteen years and nine months to June 2025, the following assumptions must hold true:

• The value of 2 LYE CLOSE LANE has moved in line with the HPI for semi-detached houses in the Birmingham local authority area.
• The March 2011 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LYE CLOSE LANE has not materially changed since March 2011.

How Large is 2 LYE CLOSE LANE?

2 LYE CLOSE LANE is 139m², which includes two extensions, according to the EPC inspection conducted in September 2010. This puts it in the largest 30% of semi-detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Birmingham, and where 2 LYE CLOSE LANE lies on this distribution: 71% of semi-detached houses houses are smaller than 2 LYE CLOSE LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 LYE CLOSE LANE: Plot and Title Map

2 LYE CLOSE LANE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 2 LYE CLOSE 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 2 LYE CLOSE 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 2 LYE CLOSE LANE?

2 LYE CLOSE LANE is located in BIRMINGHAM, in the B32 postcode district. The below map shows the position of No. 2 on LYE CLOSE LANE.