20, MEDOC CLOSE, CHELTENHAM, GL50 4SP - £315,000

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

20 MEDOC CLOSE is a very small extended detached house of 84m², built sometime between 1976 and 1982. It was last sold for £315,000 in February 2023, which was around 48% below the average February 2023 detached price in the Cheltenham local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

20 MEDOC CLOSE Sold Prices

Land registry data shows two sales for 20 MEDOC CLOSE 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 20 MEDOC CLOSE 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
2023 9 FEB	£315,000	£601,693	48% below HPI
2021 18 AUG	£210,000	£538,440	61% below HPI

20 MEDOC CLOSE 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 20 MEDOC CLOSE sales from August 2021 and February 2023 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 2021 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the February 2023 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 20 MEDOC CLOSE?

20 MEDOC CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 20 MEDOC CLOSE lies on this distribution: 13% of detached houses are smaller than 20 MEDOC CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

20 MEDOC CLOSE: Plot and Title Map

20 MEDOC CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 20 MEDOC CLOSE, 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 20 MEDOC CLOSE). 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 20 MEDOC CLOSE?

20 MEDOC CLOSE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 20 on MEDOC CLOSE.