12, MERESTONES CLOSE, CHELTENHAM, GL50 2ST - £512,000

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

12 MERESTONES CLOSE is a large extended detached house of 150m², built sometime between 1976 and 1982. It was last sold for £512,000 in May 2019, which was around 6% above the average May 2019 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

12 MERESTONES CLOSE Sold Prices

Land registry data shows two sales for 12 MERESTONES 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. One of the two 12 MERESTONES CLOSE 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
2019 8 MAY	£512,000	£484,352	6% above HPI
2012 2 MAY	£299,950	£345,427	13% below HPI

12 MERESTONES 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 12 MERESTONES CLOSE sales from May 2012 and May 2019 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 May 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2019 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 12 MERESTONES CLOSE?

12 MERESTONES CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the largest 40% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 12 MERESTONES CLOSE lies on this distribution: 68% of detached houses are smaller than 12 MERESTONES CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

12 MERESTONES CLOSE: Plot and Title Map

12 MERESTONES CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 12 MERESTONES 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 12 MERESTONES 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 12 MERESTONES CLOSE?

12 MERESTONES CLOSE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 12 on MERESTONES CLOSE.