12, NORTHBANK CLOSE, THE REDDINGS, CHELTENHAM, GL51 6UA - £216,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 NORTHBANK CLOSE is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £397,503. It was last sold for £216,000 in September 2006, which was about the average September 2006 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

12 NORTHBANK CLOSE Sold Prices

Land registry data shows three sales for 12 NORTHBANK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. The three 12 NORTHBANK CLOSE sales were a mix of roughly equal to the average price, and 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
2006 12 SEP	£216,000	£216,925	Close to HPI
1999 30 NOV	£87,000	£97,302	11% below HPI
1999 29 OCT	£84,000	£94,656	11% below HPI

12 NORTHBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The three 12 NORTHBANK CLOSE sales between October 1999 and September 2006 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 November 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2006 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 12 NORTHBANK CLOSE be worth now?

12 NORTHBANK CLOSE might now be worth an estimated £397,503.

This is based on house price inflation of 84%, between September 2006 and December 2024, for semi-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 84% inflationary increase is applied to the most recent sale price for 12 NORTHBANK CLOSE of £216,000 on 12th September 2006. For the value to have increased from £216,000 to £397,503 over the seventeen years and nine months to December 2024, the following assumptions must hold true:

• The value of 12 NORTHBANK CLOSE has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The September 2006 sale price of £216,000 represented a fair market value for the property.
• The size, condition, and specification of 12 NORTHBANK CLOSE has not materially changed since September 2006.

How Large is 12 NORTHBANK CLOSE?

12 NORTHBANK CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the smallest 20% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where 12 NORTHBANK CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 12 NORTHBANK CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

12 NORTHBANK CLOSE: Plot and Title Map

12 NORTHBANK CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 12 NORTHBANK 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 NORTHBANK 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 NORTHBANK CLOSE?

12 NORTHBANK CLOSE is located in THE REDDINGS, in the GL51 postcode district. The below map shows the position of No. 12 on NORTHBANK CLOSE.