22, SPRINGBANK ROAD, CHELTENHAM, GL51 0LU - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

22 SPRINGBANK ROAD is a very small detached house of 91m², built sometime between 1950 and 1966. It was last sold for £330,000 in September 2023, which was around 46% below the average September 2023 detached price in the Cheltenham local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

22 SPRINGBANK ROAD Sold Prices

Land registry data shows four sales for 22 SPRINGBANK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 22 SPRINGBANK ROAD 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 19 SEP	£330,000	£614,804	46% below HPI
2018 23 FEB	£220,000	£469,098	53% below HPI
2002 19 JUL	£169,950	£241,905	30% below HPI
2000 20 DEC	£101,000	£184,873	45% below HPI

22 SPRINGBANK ROAD 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 four 22 SPRINGBANK ROAD sales between December 2000 and September 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 February 2018 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the September 2023 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 22 SPRINGBANK ROAD?

22 SPRINGBANK ROAD is 91m² according to the EPC inspection conducted in September 2017. 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 22 SPRINGBANK ROAD lies on this distribution: 17% of detached houses are smaller than 22 SPRINGBANK ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

22 SPRINGBANK ROAD: Plot and Title Map

22 SPRINGBANK ROAD sits on a plot of roughly 0.133 of an acre, or 539m². The below map shows the location of 22 SPRINGBANK ROAD, 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 ROAD). 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 ROAD?

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