2, THE SPINDLES, CHELTENHAM, GL53 0QD - £465,000

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 THE SPINDLES is a large extended detached house of 140m², built sometime between 1991 and 1995. It was last sold for £465,000 in August 2014, which was around 20% above the average August 2014 detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2024, where the current energy rating was B, and the potential energy rating was B.

2 THE SPINDLES Sold Prices

Land registry data shows two sales for 2 THE SPINDLES 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 THE SPINDLES 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
2014 28 AUG	£465,000	£386,503	20% above HPI
2006 7 MAR	£368,000	£322,587	14% above HPI

2 THE SPINDLES 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 THE SPINDLES sales from March 2006 and August 2014 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 March 2006 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2014 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 2 THE SPINDLES?

2 THE SPINDLES is 140m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the largest 40% 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 THE SPINDLES lies on this distribution: 61% of detached houses are smaller than 2 THE SPINDLES, and 38% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 THE SPINDLES: Plot and Title Map

2 THE SPINDLES sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 THE SPINDLES, 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 THE SPINDLES). 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 THE SPINDLES?

2 THE SPINDLES is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 2 on THE SPINDLES.