1A, SPRINGBANK WAY, CHELTENHAM, GL51 0LG - £178,000

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

1A SPRINGBANK WAY is a very small detached house of 85m², built sometime between 1996 and 2002. It was last sold for £178,000 in May 2014, which was around 53% below the average May 2014 detached price in the Cheltenham local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

1A SPRINGBANK WAY Sold Prices

Land registry data shows three sales for 1A SPRINGBANK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 1A SPRINGBANK WAY 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
2014 9 MAY	£178,000	£378,304	53% below HPI
1999 23 APR	£77,950	£143,283	46% below HPI
1995 18 AUG	£38,000	£105,119	64% below HPI

1A SPRINGBANK WAY 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 three 1A SPRINGBANK WAY sales between August 1995 and May 2014 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 1999 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the May 2014 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 1A SPRINGBANK WAY?

1A SPRINGBANK WAY is 85m² according to the EPC inspection conducted in December 2013. 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 1A SPRINGBANK WAY lies on this distribution: 14% of detached houses are smaller than 1A SPRINGBANK WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

1A SPRINGBANK WAY: Plot and Title Map

1A SPRINGBANK WAY sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 1A SPRINGBANK WAY, 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 1A SPRINGBANK WAY). 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 1A SPRINGBANK WAY?

1A SPRINGBANK WAY is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 1A on SPRINGBANK WAY.