3, THE VERNEYS, CHELTENHAM, GL53 7DB - £505,000

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 THE VERNEYS is a midsized detached house of 133m², built sometime between 1967 and 1975. It was last sold for £505,000 in September 2017, which was around 7% above the average September 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

3 THE VERNEYS Sold Prices

Land registry data shows four sales for 3 THE VERNEYS 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 3 THE VERNEYS 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
2017 13 SEP	£505,000	£471,922	7% above HPI
2002 17 MAY	£248,000	£227,690	9% above HPI
2000 20 JUL	£189,995	£178,558	6% above HPI
1998 10 FEB	£130,000	£122,643	6% above HPI

3 THE VERNEYS 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 3 THE VERNEYS sales between February 1998 and September 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 May 2002 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2017 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 THE VERNEYS?

3 THE VERNEYS is 133m² according to the EPC inspection conducted in October 2016. This puts it in the largest 50% 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 THE VERNEYS lies on this distribution: 56% of detached houses are smaller than 3 THE VERNEYS, and 43% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

3 THE VERNEYS: Plot and Title Map

3 THE VERNEYS sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 3 THE VERNEYS, 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 THE VERNEYS). 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 THE VERNEYS?

3 THE VERNEYS is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 3 on THE VERNEYS.