3, MENDIP CLOSE, CHELTENHAM, GL52 5DS - £283,000

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

3 MENDIP CLOSE is a very small extended detached house of 61m², built sometime between 1967 and 1975. It was last sold for £283,000 in September 2022, which was around 55% below the average September 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

3 MENDIP CLOSE Sold Prices

Land registry data shows three sales for 3 MENDIP CLOSE 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 3 MENDIP 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
2022 30 SEP	£283,000	£628,113	55% below HPI
2011 21 OCT	£130,000	£345,675	62% below HPI
2001 16 AUG	£109,950	£206,648	47% below HPI

3 MENDIP 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 three 3 MENDIP CLOSE sales between August 2001 and September 2022 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 October 2011 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the September 2022 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 3 MENDIP CLOSE?

3 MENDIP CLOSE is 61m², which includes one extension, according to the EPC inspection conducted in February 2022. 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 3 MENDIP CLOSE lies on this distribution: 3% of detached houses are smaller than 3 MENDIP CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

3 MENDIP CLOSE: Plot and Title Map

3 MENDIP CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 3 MENDIP 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 3 MENDIP 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 3 MENDIP CLOSE?

3 MENDIP CLOSE is located in CHELTENHAM, in the GL52 postcode district. The below map shows the position of No. 3 on MENDIP CLOSE.