18, NORWICH DRIVE, CHELTENHAM, GL51 3HE - £270,000

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

18 NORWICH DRIVE is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £270,000 in July 2017, which was around 43% below the average July 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

18 NORWICH DRIVE Sold Prices

Land registry data shows two sales for 18 NORWICH 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 18 NORWICH 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
2017 10 JUL	£270,000	£470,812	43% below HPI
2009 9 OCT	£165,000	£321,476	49% below HPI

18 NORWICH 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 18 NORWICH DRIVE sales from October 2009 and July 2017 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 2009 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the July 2017 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 18 NORWICH DRIVE?

18 NORWICH DRIVE is 63m² according to the EPC inspection conducted in February 2017. 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 18 NORWICH DRIVE lies on this distribution: 3% of detached houses are smaller than 18 NORWICH DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

18 NORWICH DRIVE: Plot and Title Map

18 NORWICH DRIVE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 18 NORWICH 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 NORWICH 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 NORWICH DRIVE?

18 NORWICH DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 18 on NORWICH DRIVE.