116, BROAD OAK WAY, CHELTENHAM, GL51 3LL - £240,000

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

116 BROAD OAK WAY is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £240,000 in February 2016, which was around 43% below the average February 2016 detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was B.

116 BROAD OAK WAY Sold Prices

Land registry data shows four sales for 116 BROAD OAK WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 116 BROAD OAK WAY sales were 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
2016 12 FEB	£240,000	£423,699	43% below HPI
2003 22 AUG	£146,950	£269,318	45% below HPI
2001 21 SEP	£115,000	£208,631	45% below HPI
1997 30 JUL	£73,000	£119,077	39% below HPI

116 BROAD OAK WAY 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 four 116 BROAD OAK WAY sales between July 1997 and February 2016 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 August 2003 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the February 2016 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 116 BROAD OAK WAY?

116 BROAD OAK WAY is 82m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 116 BROAD OAK WAY lies on this distribution: 11% of detached houses are smaller than 116 BROAD OAK WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

116 BROAD OAK WAY: Plot and Title Map

116 BROAD OAK WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 116 BROAD OAK WAY, 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 116 BROAD OAK WAY). 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 116 BROAD OAK WAY?

116 BROAD OAK WAY is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 116 on BROAD OAK WAY.