38, SPRINGBANK WAY, CHELTENHAM, GL51 0PL - £269,950

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 SPRINGBANK WAY is a small extended detached house of 106m², built sometime between 1983 and 1990. It was last sold for £269,950 in March 2021, which was around 49% below the average March 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

38 SPRINGBANK WAY Sold Prices

Land registry data shows two sales for 38 SPRINGBANK WAY 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 SPRINGBANK WAY 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
2021 26 MAR	£269,950	£524,521	49% below HPI
1998 18 DEC	£64,000	£133,498	52% below HPI

38 SPRINGBANK WAY 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 SPRINGBANK WAY sales from December 1998 and March 2021 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 December 1998 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the March 2021 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 38 SPRINGBANK WAY?

38 SPRINGBANK WAY is 106m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% 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 SPRINGBANK WAY lies on this distribution: 30% of detached houses are smaller than 38 SPRINGBANK WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

38 SPRINGBANK WAY: Plot and Title Map

38 SPRINGBANK WAY sits on a plot of roughly 0.051 of an acre, or 204m². The below map shows the location of 38 SPRINGBANK WAY, 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 SPRINGBANK WAY). 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 SPRINGBANK WAY?

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