16, SPRINGBANK DRIVE, CHELTENHAM, GL51 0PF - £380,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

16 SPRINGBANK DRIVE is a very small extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £380,000 in October 2023, which was around 37% below the average October 2023 detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

16 SPRINGBANK DRIVE Sold Prices

Land registry data shows two sales for 16 SPRINGBANK 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 16 SPRINGBANK 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
2023 17 OCT	£380,000	£605,388	37% below HPI
2016 29 JUL	£240,000	£435,601	45% below HPI

16 SPRINGBANK 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 16 SPRINGBANK DRIVE sales from July 2016 and October 2023 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 July 2016 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2023 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 16 SPRINGBANK DRIVE?

16 SPRINGBANK DRIVE is 89m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 16 SPRINGBANK DRIVE lies on this distribution: 16% of detached houses are smaller than 16 SPRINGBANK DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

16 SPRINGBANK DRIVE: Plot and Title Map

16 SPRINGBANK DRIVE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 16 SPRINGBANK 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 16 SPRINGBANK 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 16 SPRINGBANK DRIVE?

16 SPRINGBANK DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 16 on SPRINGBANK DRIVE.