2, MILL HOUSE DRIVE, CHELTENHAM, GL50 4RG - £247,500

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 MILL HOUSE DRIVE is a small extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £386,587. It was last sold for £247,500 in February 2015, which was around 39% below the average February 2015 detached price in the Cheltenham local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

2 MILL HOUSE DRIVE Sold Prices

Land registry data shows two sales for 2 MILL HOUSE DRIVE 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 MILL HOUSE 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
2015 23 FEB	£247,500	£403,804	39% below HPI
1999 2 FEB	£84,000	£140,351	40% below HPI

2 MILL HOUSE 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 two 2 MILL HOUSE DRIVE sales from February 1999 and February 2015 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 February 1999 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2015 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 MILL HOUSE DRIVE be worth now?

2 MILL HOUSE DRIVE might now be worth an estimated £386,587.

This is based on house price inflation of 56.2%, between February 2015 and February 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 56.2% inflationary increase is applied to the most recent sale price for 2 MILL HOUSE DRIVE of £247,500 on 23rd February 2015. For the value to have increased from £247,500 to £386,587 over the ten years to February 2025, the following assumptions must hold true:

• The value of 2 MILL HOUSE DRIVE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The February 2015 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL HOUSE DRIVE has not materially changed since February 2015.

How Large is 2 MILL HOUSE DRIVE?

2 MILL HOUSE DRIVE is 103m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% 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 MILL HOUSE DRIVE lies on this distribution: 27% of detached houses houses are smaller than 2 MILL HOUSE DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 MILL HOUSE DRIVE: Plot and Title Map

2 MILL HOUSE DRIVE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 MILL HOUSE 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 MILL HOUSE 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 MILL HOUSE DRIVE?

2 MILL HOUSE DRIVE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 2 on MILL HOUSE DRIVE.