2, THE SPINDLES, CHELTENHAM, GL53 0QD - £675,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE SPINDLES is a large extended detached house of 140m², built sometime between 1991 and 1995. It was last sold for £675,000 in September 2024, which was around 6% above the average September 2024 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 three sales for 2 THE SPINDLES 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 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
2024 12 SEP	£675,000	£633,877	6% above HPI
2014 28 AUG	£465,000	£398,874	17% above HPI
2006 7 MAR	£368,000	£332,913	11% 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 three 2 THE SPINDLES sales between March 2006 and September 2024 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 August 2014 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2024 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 THE SPINDLES be worth now?

2 THE SPINDLES might now be worth an estimated £669,684.

This is based on house price deflation of 0.8%, between September 2024 and December 2024, 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 0.8% deflationary decrease is applied to the most recent sale price for 2 THE SPINDLES of £675,000 on 12th September 2024. For the value to have decreased from £675,000 to £669,684 over the nine months to December 2024, the following assumptions must hold true:

• The value of 2 THE SPINDLES has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The September 2024 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SPINDLES has not materially changed since September 2024.

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 houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 2 THE SPINDLES lies on this distribution: 61% of detached houses 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.