38, MEAD ROAD, CHELTENHAM, GL53 7DT - £405,000

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

38 MEAD ROAD is a very small extended detached house of 69m², built sometime between 1950 and 1966. It was last sold for £405,000 in September 2011, which was around 18% above the average September 2011 detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

38 MEAD ROAD Sold Prices

Land registry data shows two sales for 38 MEAD ROAD 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. One of the two 38 MEAD ROAD sales was for above the average price, whilst the other was 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
2011 30 SEP	£405,000	£342,824	18% above HPI
1996 12 JUL	£55,000	£108,174	49% below HPI

38 MEAD ROAD 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 38 MEAD ROAD sales from July 1996 and September 2011 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 July 1996 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2011 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 38 MEAD ROAD?

38 MEAD ROAD is 69m², which includes one extension, according to the EPC inspection conducted in May 2011. 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 38 MEAD ROAD lies on this distribution: 5% of detached houses are smaller than 38 MEAD ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

38 MEAD ROAD: Plot and Title Map

38 MEAD ROAD sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 38 MEAD ROAD, 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 38 MEAD ROAD). 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 38 MEAD ROAD?

38 MEAD ROAD is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 38 on MEAD ROAD.