35, WELLS CLOSE, CHELTENHAM, GL51 3BX - £229,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

35 WELLS CLOSE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £229,000 in June 2013, which was around 35% below the average June 2013 detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

35 WELLS CLOSE Sold Prices

Land registry data shows three sales for 35 WELLS 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 35 WELLS 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
2013 6 JUN	£229,000	£351,791	35% below HPI
1998 28 AUG	£96,000	£138,604	31% below HPI
1995 27 OCT	£69,995	£111,161	37% below HPI

35 WELLS 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 35 WELLS CLOSE sales between October 1995 and June 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 August 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2013 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 35 WELLS CLOSE?

35 WELLS CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in April 2013. 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 35 WELLS CLOSE lies on this distribution: 5% of detached houses are smaller than 35 WELLS CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

35 WELLS CLOSE: Plot and Title Map

35 WELLS CLOSE sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 35 WELLS 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 35 WELLS 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 35 WELLS CLOSE?

35 WELLS CLOSE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 35 on WELLS CLOSE.