12, REDTHORNE WAY, UP HATHERLEY, CHELTENHAM, GL51 3NW - £375,000

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 REDTHORNE WAY is a small extended detached house of 110m², built sometime between 1983 and 1990. It was last sold for £375,000 in September 2015, which was around 12% below the average September 2015 detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

12 REDTHORNE WAY Sold Prices

Land registry data shows three sales for 12 REDTHORNE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 12 REDTHORNE 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
2015 28 SEP	£375,000	£424,681	12% below HPI
2001 11 JAN	£136,500	£187,193	27% below HPI
1998 10 MAR	£103,000	£123,199	16% below HPI

12 REDTHORNE 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 three 12 REDTHORNE WAY sales between March 1998 and September 2015 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 January 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 12 REDTHORNE WAY?

12 REDTHORNE WAY is 110m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 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 REDTHORNE WAY lies on this distribution: 34% of detached houses are smaller than 12 REDTHORNE WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

12 REDTHORNE WAY: Plot and Title Map

12 REDTHORNE WAY sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 12 REDTHORNE 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 12 REDTHORNE 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 12 REDTHORNE WAY?

12 REDTHORNE WAY is located in UP HATHERLEY, in the GL51 postcode district. The below map shows the position of No. 12 on REDTHORNE WAY.