1, HANNAM CLOSE, CHELTENHAM, GL53 9AS - £585,000

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

1 HANNAM CLOSE is a midsized detached house of 130m², built sometime between 1976 and 1982. It was last sold for £585,000 in June 2021, which was around 10% above the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

1 HANNAM CLOSE Sold Prices

Land registry data shows three sales for 1 HANNAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 1 HANNAM CLOSE sales were for above 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
2021 2 JUN	£585,000	£532,793	10% above HPI
2015 9 OCT	£500,000	£424,761	18% above HPI
1997 31 JUL	£127,500	£119,077	7% above HPI

1 HANNAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheltenham local authority area over time, sourced from the HPI. The three 1 HANNAM CLOSE sales between July 1997 and June 2021 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 October 2015 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 1 HANNAM CLOSE?

1 HANNAM CLOSE is 130m² according to the EPC inspection conducted in July 2015. This puts it in the largest 50% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 1 HANNAM CLOSE lies on this distribution: 53% of detached houses are smaller than 1 HANNAM CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

1 HANNAM CLOSE: Plot and Title Map

1 HANNAM CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 1 HANNAM CLOSE, 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 1 HANNAM CLOSE). 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 1 HANNAM CLOSE?

1 HANNAM CLOSE is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 1 on HANNAM CLOSE.