15, SPRINGBANK ROAD, CHELTENHAM, GL51 0NQ - £160,000

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

15 SPRINGBANK ROAD is a very small semi-detached house of 83m², built sometime between 1967 and 1975. It was last sold for £160,000 in December 2004, which was around 16% below the average December 2004 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

15 SPRINGBANK ROAD Sold Prices

Land registry data shows two sales for 15 SPRINGBANK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two 15 SPRINGBANK ROAD 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
2004 10 DEC	£160,000	£191,122	16% below HPI
2000 14 APR	£74,000	£105,823	30% below HPI

15 SPRINGBANK ROAD 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 two 15 SPRINGBANK ROAD sales from April 2000 and December 2004 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 April 2000 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2004 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 SPRINGBANK ROAD be worth now?

15 SPRINGBANK ROAD might now be worth an estimated £334,199.

This is based on house price inflation of 108.9%, between December 2004 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 108.9% inflationary increase is applied to the most recent sale price for 15 SPRINGBANK ROAD of £160,000 on 10th December 2004. For the value to have increased from £160,000 to £334,199 over the twenty years to December 2024, the following assumptions must hold true:

• The value of 15 SPRINGBANK ROAD has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The December 2004 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRINGBANK ROAD has not materially changed since December 2004.

How Large is 15 SPRINGBANK ROAD?

15 SPRINGBANK ROAD is 83m² according to the EPC inspection conducted in March 2021. 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 15 SPRINGBANK ROAD lies on this distribution: 12% of semi-detached houses houses are smaller than 15 SPRINGBANK ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

15 SPRINGBANK ROAD: Plot and Title Map

15 SPRINGBANK ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 15 SPRINGBANK ROAD, 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 SPRINGBANK ROAD). 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 SPRINGBANK ROAD?

15 SPRINGBANK ROAD is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 15 on SPRINGBANK ROAD.