17, WELLS CLOSE, CHELTENHAM, GL51 3BX - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

17 WELLS CLOSE is a very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £400,000 in February 2023, which was around 34% below the average February 2023 detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

17 WELLS CLOSE Sold Prices

Land registry data shows four sales for 17 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 17 WELLS CLOSE 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 1 FEB	£400,000	£601,693	34% below HPI
2014 24 APR	£250,000	£378,244	34% below HPI
2013 11 NOV	£195,000	£360,464	46% below HPI
2002 19 AUG	£148,000	£249,309	41% below HPI

17 WELLS CLOSE 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 four 17 WELLS CLOSE sales between August 2002 and February 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 April 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2023 sale, which was also at 34% below the HPI.

How Large is 17 WELLS CLOSE?

17 WELLS CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 17 WELLS CLOSE lies on this distribution: 6% of detached houses are smaller than 17 WELLS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

17 WELLS CLOSE: Plot and Title Map

17 WELLS CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 17 WELLS 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 17 WELLS 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 17 WELLS CLOSE?

17 WELLS CLOSE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 17 on WELLS CLOSE.