3, MILL REEF DRIVE, PRESTBURY, CHELTENHAM, GL52 5FF - £485,000

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.

3 MILL REEF DRIVE is a very large detached house of 185m², built sometime from 2007 onwards, which could now be worth an estimated £819,718. It was last sold for £485,000 in October 2013, which was around 61% above the average October 2013 detached price in the Tewkesbury local authority area. The most recent EPC inspection was December 2012, where the current energy rating was C, and the potential energy rating was B.

3 MILL REEF DRIVE Sold Prices

Land registry data shows two sales for 3 MILL REEF DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. Both of the two 3 MILL REEF DRIVE sales were for above 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
2013 29 OCT	£485,000	£300,733	61% above HPI
2007 13 DEC	£468,000	£311,194	50% above HPI

3 MILL REEF DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two 3 MILL REEF DRIVE sales from December 2007 and October 2013 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 December 2007 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the October 2013 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 3 MILL REEF DRIVE be worth now?

3 MILL REEF DRIVE might now be worth an estimated £819,718.

This is based on house price inflation of 69%, between October 2013 and February 2025, for detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69% inflationary increase is applied to the most recent sale price for 3 MILL REEF DRIVE of £485,000 on 29th October 2013. For the value to have increased from £485,000 to £819,718 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MILL REEF DRIVE has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The October 2013 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL REEF DRIVE has not materially changed since October 2013.

How Large is 3 MILL REEF DRIVE?

3 MILL REEF DRIVE is 185m² according to the EPC inspection conducted in December 2012. This puts it in the largest 20% of detached houses houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prestbury, and where 3 MILL REEF DRIVE lies on this distribution: 82% of detached houses houses are smaller than 3 MILL REEF DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

3 MILL REEF DRIVE: Plot and Title Map

3 MILL REEF DRIVE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 3 MILL REEF 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 3 MILL REEF 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 3 MILL REEF DRIVE?

3 MILL REEF DRIVE is located in PRESTBURY, in the GL52 postcode district. The below map shows the position of No. 3 on MILL REEF DRIVE.