18, MONICA DRIVE, CHELTENHAM, GL50 4NQ - £515,000

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

18 MONICA DRIVE is a midsized extended semi-detached house of 127m², built sometime between 1967 and 1975. It was last sold for £515,000 in November 2024, which was around 29% above the average November 2024 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

18 MONICA DRIVE Sold Prices

Land registry data shows four sales for 18 MONICA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 18 MONICA DRIVE sales were for above 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
2024 1 NOV	£515,000	£400,365	29% above HPI
2022 29 JUN	£490,000	£378,271	30% above HPI
2015 30 NOV	£287,500	£265,252	8% above HPI
2012 31 AUG	£242,000	£223,434	8% above HPI

18 MONICA DRIVE 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 four 18 MONICA DRIVE sales between August 2012 and November 2024 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 June 2022 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2024 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 18 MONICA DRIVE be worth now?

18 MONICA DRIVE might now be worth an estimated £513,508.

This is based on house price deflation of 0.3%, between November 2024 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 0.3% deflationary decrease is applied to the most recent sale price for 18 MONICA DRIVE of £515,000 on 1st November 2024. For the value to have decreased from £515,000 to £513,508 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 18 MONICA DRIVE has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The November 2024 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MONICA DRIVE has not materially changed since November 2024.

How Large is 18 MONICA DRIVE?

18 MONICA DRIVE is 127m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the largest 50% 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 18 MONICA DRIVE lies on this distribution: 50% of semi-detached houses houses are smaller than 18 MONICA DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

18 MONICA DRIVE: Plot and Title Map

18 MONICA DRIVE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 18 MONICA 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 18 MONICA 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 18 MONICA DRIVE?

18 MONICA DRIVE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 18 on MONICA DRIVE.