2, LICHFIELD DRIVE, CHELTENHAM, GL51 3DH - £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

2 LICHFIELD DRIVE is a small extended detached house of 106m², built sometime between 1950 and 1966. It was last sold for £400,000 in July 2023, which was around 35% below the average July 2023 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

2 LICHFIELD DRIVE Sold Prices

Land registry data shows five sales for 2 LICHFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the five 2 LICHFIELD 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
2023 21 JUL	£400,000	£617,664	35% below HPI
2020 23 OCT	£315,000	£527,523	40% below HPI
2013 7 JUN	£260,000	£351,791	26% below HPI
2003 31 OCT	£214,950	£267,286	20% below HPI
1995 28 APR	£78,000	£98,598	21% below HPI

2 LICHFIELD 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 five 2 LICHFIELD DRIVE sales between April 1995 and July 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 October 2020 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2023 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 LICHFIELD DRIVE?

2 LICHFIELD DRIVE is 106m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% 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 LICHFIELD DRIVE lies on this distribution: 30% of detached houses are smaller than 2 LICHFIELD DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 LICHFIELD DRIVE: Plot and Title Map

2 LICHFIELD DRIVE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 LICHFIELD 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 2 LICHFIELD 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 2 LICHFIELD DRIVE?

2 LICHFIELD DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 2 on LICHFIELD DRIVE.