1, MERESTONES DRIVE, CHELTENHAM, GL50 2SU - £483,424

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.

1 MERESTONES DRIVE is a midsized extended detached house of 133m², built sometime between 1950 and 1966, which could now be worth an estimated £548,718. It was last sold for £483,424 in August 2021, which was around 13% below the average August 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

1 MERESTONES DRIVE Sold Prices

Land registry data shows two sales for 1 MERESTONES DRIVE 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. One of the two 1 MERESTONES DRIVE sales was for below the average price, whilst the other was 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 27 AUG	£483,424	£555,675	13% below HPI
2005 10 JUN	£319,000	£315,141	1% above HPI

1 MERESTONES DRIVE 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 MERESTONES DRIVE sales from June 2005 and August 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 June 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 MERESTONES DRIVE be worth now?

1 MERESTONES DRIVE might now be worth an estimated £548,718.

This is based on house price inflation of 13.5%, between August 2021 and February 2025, for detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.5% inflationary increase is applied to the most recent sale price for 1 MERESTONES DRIVE of £483,424 on 27th August 2021. For the value to have increased from £483,424 to £548,718 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MERESTONES DRIVE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The August 2021 sale price of £483,424 represented a fair market value for the property.
• The size, condition, and specification of 1 MERESTONES DRIVE has not materially changed since August 2021.

How Large is 1 MERESTONES DRIVE?

1 MERESTONES DRIVE is 133m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 50% of detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 1 MERESTONES DRIVE lies on this distribution: 56% of detached houses houses are smaller than 1 MERESTONES DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

1 MERESTONES DRIVE: Plot and Title Map

1 MERESTONES DRIVE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 1 MERESTONES DRIVE, 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 MERESTONES DRIVE). 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 MERESTONES DRIVE?

1 MERESTONES DRIVE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 1 on MERESTONES DRIVE.