2, MILL LANE, PRESTBURY, CHELTENHAM, GL52 3NE - £870,000

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 MILL LANE is a very large extended detached house of 200m², built sometime between 1967 and 1975. It was last sold for £870,000 in November 2022, which was around 38% above the average November 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows three sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 2 MILL LANE 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
2022 2 NOV	£870,000	£630,059	38% above HPI
2006 11 JAN	£500,000	£317,074	58% above HPI
2001 5 DEC	£335,000	£215,316	56% above HPI

2 MILL LANE 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 three 2 MILL LANE sales between December 2001 and November 2022 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 January 2006 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the November 2022 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 200m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 20% of detached houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses by size in Prestbury, and where 2 MILL LANE lies on this distribution: 87% of detached houses are smaller than 2 MILL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 2 MILL LANE, 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 LANE). 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 LANE?

2 MILL LANE is located in PRESTBURY, in the GL52 postcode district. The below map shows the position of No. 2 on MILL LANE.