1, MELBOURNE CLOSE, CHELTENHAM, GL53 0JP - £600,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MELBOURNE CLOSE is a midsized detached house of 123m², built sometime between 1976 and 1982. It was last sold for £600,000 in May 2014, which was around 59% above the average May 2014 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

1 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 1 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two 1 MELBOURNE 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
2014 30 MAY	£600,000	£378,304	59% above HPI
2012 20 APR	£455,000	£335,854	35% above HPI

1 MELBOURNE 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 two 1 MELBOURNE CLOSE sales from April 2012 and May 2014 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 April 2012 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the May 2014 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is 1 MELBOURNE CLOSE?

1 MELBOURNE CLOSE is 123m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 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 MELBOURNE CLOSE lies on this distribution: 48% of detached houses are smaller than 1 MELBOURNE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

1 MELBOURNE CLOSE: Plot and Title Map

1 MELBOURNE CLOSE sits on a plot of roughly 0.395 of an acre, or 1,599m². The below map shows the location of 1 MELBOURNE 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 MELBOURNE 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 MELBOURNE CLOSE?

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