24, NORWICH DRIVE, CHELTENHAM, GL51 3HE - £220,000

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

24 NORWICH DRIVE is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £220,000 in February 2014, which was around 40% below the average February 2014 detached price in the Cheltenham local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

24 NORWICH DRIVE Sold Prices

Land registry data shows five sales for 24 NORWICH DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the five 24 NORWICH 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
2014 28 FEB	£220,000	£366,826	40% below HPI
2012 16 MAR	£215,000	£349,227	38% below HPI
2000 13 OCT	£110,000	£184,703	40% below HPI
1998 17 AUG	£67,500	£138,604	51% below HPI
1997 31 JAN	£59,000	£107,857	45% below HPI

24 NORWICH DRIVE 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 five 24 NORWICH DRIVE sales between January 1997 and February 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 2012 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2014 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 24 NORWICH DRIVE?

24 NORWICH DRIVE is 59m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 24 NORWICH DRIVE lies on this distribution: 2% of detached houses are smaller than 24 NORWICH DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

24 NORWICH DRIVE: Plot and Title Map

24 NORWICH DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 24 NORWICH 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 24 NORWICH 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 24 NORWICH DRIVE?

24 NORWICH DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 24 on NORWICH DRIVE.