38, NORWICH DRIVE, CHELTENHAM, GL51 3HE - £225,000

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

38 NORWICH DRIVE is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £225,000 in April 2012, which was around 33% below the average April 2012 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

38 NORWICH DRIVE Sold Prices

Land registry data shows two sales for 38 NORWICH DRIVE 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 38 NORWICH DRIVE 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
2012 4 APR	£225,000	£335,854	33% below HPI
2004 30 JUL	£185,000	£289,478	36% below HPI

38 NORWICH DRIVE 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 NORWICH DRIVE sales from July 2004 and April 2012 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 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2012 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 38 NORWICH DRIVE?

38 NORWICH DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in July 2019. 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 NORWICH DRIVE lies on this distribution: 9% of detached houses are smaller than 38 NORWICH DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

38 NORWICH DRIVE: Plot and Title Map

38 NORWICH DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 38 NORWICH DRIVE, 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 NORWICH DRIVE). 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 NORWICH DRIVE?

38 NORWICH DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 38 on NORWICH DRIVE.