2, DRAKES PLACE, CHELTENHAM, GL50 2JF - £925,000

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

2 DRAKES PLACE is a large extended detached house of 152m², built sometime between 1976 and 1982. It was last sold for £925,000 in September 2023, which was around 50% above the average September 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.

2 DRAKES PLACE Sold Prices

Land registry data shows two sales for 2 DRAKES PLACE 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 2 DRAKES PLACE 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
2023 12 SEP	£925,000	£614,804	50% above HPI
2002 14 JUN	£360,000	£231,470	56% above HPI

2 DRAKES PLACE 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 2 DRAKES PLACE sales from June 2002 and September 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 June 2002 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the September 2023 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 2 DRAKES PLACE?

2 DRAKES PLACE is 152m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 40% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 2 DRAKES PLACE lies on this distribution: 69% of detached houses are smaller than 2 DRAKES PLACE, and 31% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 DRAKES PLACE: Plot and Title Map

2 DRAKES PLACE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 2 DRAKES PLACE, 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 2 DRAKES PLACE). 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 2 DRAKES PLACE?

2 DRAKES PLACE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 2 on DRAKES PLACE.