2, MERESTONES CLOSE, CHELTENHAM, GL50 2ST - £410,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MERESTONES CLOSE is a midsized extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £410,000 in September 2013, which was around 12% above the average September 2013 detached price in the Cheltenham local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was C.

2 MERESTONES CLOSE Sold Prices

Land registry data shows two sales for 2 MERESTONES CLOSE 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 MERESTONES CLOSE 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
2013 2 SEP	£410,000	£366,316	12% above HPI
1996 10 DEC	£112,000	£107,965	4% above HPI

2 MERESTONES CLOSE 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 MERESTONES CLOSE sales from December 1996 and September 2013 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 December 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2013 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 2 MERESTONES CLOSE?

2 MERESTONES CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the smallest 50% 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 MERESTONES CLOSE lies on this distribution: 49% of detached houses are smaller than 2 MERESTONES CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 MERESTONES CLOSE: Plot and Title Map

2 MERESTONES CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 2 MERESTONES CLOSE, 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 MERESTONES CLOSE). 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 MERESTONES CLOSE?

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