39, MERESTONES DRIVE, CHELTENHAM, GL50 2SU - £505,000

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

39 MERESTONES DRIVE is a midsized extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £505,000 in March 2024, which was around 17% below the average March 2024 detached price in the Cheltenham local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

39 MERESTONES DRIVE Sold Prices

Land registry data shows five sales for 39 MERESTONES DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the five 39 MERESTONES 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
2024 22 MAR	£505,000	£606,332	17% below HPI
2001 16 JUL	£200,000	£206,251	3% below HPI
1997 2 JUN	£109,000	£116,009	6% below HPI
1995 27 NOV	£100,000	£110,061	9% below HPI
1995 5 OCT	£105,000	£111,161	6% below HPI

39 MERESTONES 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 five 39 MERESTONES DRIVE sales between October 1995 and March 2024 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 2001 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2024 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 39 MERESTONES DRIVE?

39 MERESTONES DRIVE is 116m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 50% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 39 MERESTONES DRIVE lies on this distribution: 41% of detached houses are smaller than 39 MERESTONES DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

39 MERESTONES DRIVE: Plot and Title Map

39 MERESTONES DRIVE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 39 MERESTONES 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 39 MERESTONES 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 39 MERESTONES DRIVE?

39 MERESTONES DRIVE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 39 on MERESTONES DRIVE.