2, MILL REEF DRIVE, PRESTBURY, CHELTENHAM, GL52 5FF - £385,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

2 MILL REEF DRIVE is a small detached house of 112m², built sometime from 2007 onwards. It was last sold for £385,000 in October 2015, which was around 10% above the average October 2015 detached price in the Tewkesbury local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

2 MILL REEF DRIVE Sold Prices

Land registry data shows two sales for 2 MILL REEF 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 Tewkesbury local authority area for the corresponding sale date. Both of the two 2 MILL REEF DRIVE 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
2015 26 OCT	£385,000	£351,476	10% above HPI
2007 6 DEC	£360,000	£327,559	10% above HPI

2 MILL REEF DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two 2 MILL REEF DRIVE sales from December 2007 and October 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 December 2007 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2015 sale, which was also at 10% above the HPI.

How Large is 2 MILL REEF DRIVE?

2 MILL REEF DRIVE is 112m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% 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 REEF DRIVE lies on this distribution: 35% of detached houses are smaller than 2 MILL REEF DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

2 MILL REEF DRIVE: Plot and Title Map

2 MILL REEF DRIVE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 2 MILL REEF 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 REEF 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 REEF DRIVE?

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