3, WELL PLACE, CHELTENHAM, GL50 2PH - £1,560,000

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 WELL PLACE is a very large detached house of 332m², which could now be worth an estimated £2,054,901. It was last sold for £1,560,000 in March 2018, which was around 226% above the average March 2018 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2013, where the current energy rating was B, and the potential energy rating was B.

3 WELL PLACE Sold Prices

Land registry data shows two sales for 3 WELL PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two 3 WELL PLACE 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
2018 23 MAR	£1,560,000	£478,824	226% above HPI
2011 24 OCT	£1,050,000	£356,740	194% above HPI

3 WELL PLACE 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 two 3 WELL PLACE sales from October 2011 and March 2018 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 194% above the HPI. So the extrapolation line tracks at 194% above the HPI over time, until the March 2018 sale, where it rises to 226% above the HPI. The line then continues to track at 226% above the HPI.

What might 3 WELL PLACE be worth now?

3 WELL PLACE might now be worth an estimated £2,054,901.

This is based on house price inflation of 31.7%, between March 2018 and February 2025, for detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.7% inflationary increase is applied to the most recent sale price for 3 WELL PLACE of £1,560,000 on 23rd March 2018. For the value to have increased from £1,560,000 to £2,054,901 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 3 WELL PLACE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The March 2018 sale price of £1,560,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WELL PLACE has not materially changed since March 2018.

How Large is 3 WELL PLACE?

3 WELL PLACE is 332m² according to the EPC inspection conducted in February 2013. This puts it in the largest 10% of detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 3 WELL PLACE lies on this distribution: 98% of detached houses houses are smaller than 3 WELL PLACE, and 2% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

3 WELL PLACE: Plot and Title Map

3 WELL PLACE sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 3 WELL PLACE, 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 WELL PLACE). 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 WELL PLACE?

3 WELL PLACE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 3 on WELL PLACE.