12, MERESTONES DRIVE, CHELTENHAM, GL50 2SS - £550,000

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.

12 MERESTONES DRIVE is a midsized extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £543,487. It was last sold for £550,000 in December 2022, which was around 14% below the average December 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

12 MERESTONES DRIVE Sold Prices

Land registry data shows two sales for 12 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. Both of the two 12 MERESTONES DRIVE 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
2022 8 DEC	£550,000	£638,286	14% below HPI
1997 9 MAY	£97,000	£118,338	18% below HPI

12 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 12 MERESTONES DRIVE sales from May 1997 and December 2022 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 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 MERESTONES DRIVE be worth now?

12 MERESTONES DRIVE might now be worth an estimated £543,487.

This is based on house price deflation of 1.2%, between December 2022 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 1.2% deflationary decrease is applied to the most recent sale price for 12 MERESTONES DRIVE of £550,000 on 8th December 2022. For the value to have decreased from £550,000 to £543,487 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 12 MERESTONES DRIVE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The December 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MERESTONES DRIVE has not materially changed since December 2022.

How Large is 12 MERESTONES DRIVE?

12 MERESTONES DRIVE is 120m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 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 12 MERESTONES DRIVE lies on this distribution: 44% of detached houses houses are smaller than 12 MERESTONES DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

12 MERESTONES DRIVE: Plot and Title Map

12 MERESTONES DRIVE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 12 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 12 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 12 MERESTONES DRIVE?

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