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

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.

38 MEAD ROAD is a very small extended detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £718,818. It was last sold for £405,000 in September 2011, which was around 14% 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	£353,797	14% above HPI
1996 12 JUL	£55,000	£111,636	51% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the September 2011 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 38 MEAD ROAD be worth now?

38 MEAD ROAD might now be worth an estimated £718,818.

This is based on house price inflation of 77.5%, between September 2011 and March 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 77.5% inflationary increase is applied to the most recent sale price for 38 MEAD ROAD of £405,000 on 30th September 2011. For the value to have increased from £405,000 to £718,818 over the fourteen years and six months to March 2025, the following assumptions must hold true:

• The value of 38 MEAD ROAD has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The September 2011 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MEAD ROAD has not materially changed since September 2011.

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 houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 38 MEAD ROAD lies on this distribution: 5% of detached houses 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.