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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MERESTONES CLOSE is a midsized extended detached house of 125m², built sometime between 1950 and 1966, which could now be worth an estimated £681,025. It was last sold for £410,000 in September 2013, which was around 8% 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	£378,041	8% above HPI
1996 10 DEC	£112,000	£111,421	1% 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 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2013 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 MERESTONES CLOSE be worth now?

2 MERESTONES CLOSE might now be worth an estimated £681,025.

This is based on house price inflation of 66.1%, between September 2013 and March 2025, for detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.1% inflationary increase is applied to the most recent sale price for 2 MERESTONES CLOSE of £410,000 on 2nd September 2013. For the value to have increased from £410,000 to £681,025 over the twelve years and six months to March 2025, the following assumptions must hold true:

• The value of 2 MERESTONES CLOSE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The September 2013 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERESTONES CLOSE has not materially changed since September 2013.

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 houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 2 MERESTONES CLOSE lies on this distribution: 49% of detached houses 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.