22, SPRINGBANK DRIVE, CHELTENHAM, GL51 0PF - £233,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 SPRINGBANK DRIVE is a very small extended semi-detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £328,033. It was last sold for £233,000 in April 2017, which was around 18% below the average April 2017 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

22 SPRINGBANK DRIVE Sold Prices

Land registry data shows five sales for 22 SPRINGBANK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. All of the five 22 SPRINGBANK DRIVE 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
2017 28 APR	£233,000	£284,179	18% below HPI
2006 17 NOV	£166,500	£217,289	23% below HPI
2003 12 DEC	£132,500	£171,128	23% below HPI
1999 29 OCT	£77,500	£94,656	18% below HPI
1999 30 APR	£64,000	£86,542	26% below HPI

22 SPRINGBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The five 22 SPRINGBANK DRIVE sales between April 1999 and April 2017 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 November 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 22 SPRINGBANK DRIVE be worth now?

22 SPRINGBANK DRIVE might now be worth an estimated £328,033.

This is based on house price inflation of 40.8%, between April 2017 and March 2025, for semi-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 40.8% inflationary increase is applied to the most recent sale price for 22 SPRINGBANK DRIVE of £233,000 on 28th April 2017. For the value to have increased from £233,000 to £328,033 over the eight years and one month to March 2025, the following assumptions must hold true:

• The value of 22 SPRINGBANK DRIVE has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The April 2017 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SPRINGBANK DRIVE has not materially changed since April 2017.

How Large is 22 SPRINGBANK DRIVE?

22 SPRINGBANK DRIVE is 91m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where 22 SPRINGBANK DRIVE lies on this distribution: 17% of semi-detached houses houses are smaller than 22 SPRINGBANK DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

22 SPRINGBANK DRIVE: Plot and Title Map

22 SPRINGBANK DRIVE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 22 SPRINGBANK 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 22 SPRINGBANK 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 22 SPRINGBANK DRIVE?

22 SPRINGBANK DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 22 on SPRINGBANK DRIVE.