15, PILLEY LANE, CHELTENHAM, GL53 9EP - £510,000

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

15 PILLEY LANE is a large detached house of 172m², built in 2023. It was last sold for £510,000 in January 2022, which was around 12% below the average January 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2023, where the current energy rating was B, and the potential energy rating was A.

15 PILLEY LANE Sold Prices

Land registry data shows three sales for 15 PILLEY LANE 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 15 PILLEY LANE 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 19 JAN	£510,000	£578,767	12% below HPI
2014 30 OCT	£335,000	£391,235	14% below HPI
2006 8 DEC	£206,250	£333,141	38% below HPI

15 PILLEY LANE 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 15 PILLEY LANE sales between December 2006 and January 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 October 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 15 PILLEY LANE?

15 PILLEY LANE is 172m² according to the EPC inspection conducted in April 2023. This puts it in the largest 30% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 15 PILLEY LANE lies on this distribution: 78% of detached houses are smaller than 15 PILLEY LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

15 PILLEY LANE: Plot and Title Map

15 PILLEY LANE sits on a plot of roughly 0.173 of an acre, or 701m². The below map shows the location of 15 PILLEY LANE, 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 15 PILLEY LANE). 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 15 PILLEY LANE?

15 PILLEY LANE is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 15 on PILLEY LANE.