4, MILL REEF DRIVE, PRESTBURY, CHELTENHAM, GL52 5FF - £780,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

4 MILL REEF DRIVE is a very large detached house of 189m², built sometime between 2003 and 2006. It was last sold for £780,000 in January 2023, which was around 48% above the average January 2023 detached price in the Tewkesbury local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

4 MILL REEF DRIVE Sold Prices

Land registry data shows four sales for 4 MILL REEF DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. All of the four 4 MILL REEF DRIVE sales were for above 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
2023 20 JAN	£780,000	£525,499	48% above HPI
2017 6 JAN	£560,000	£389,598	44% above HPI
2010 1 OCT	£455,000	£307,525	48% above HPI
2007 7 DEC	£480,000	£327,559	47% above HPI

4 MILL REEF DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The four 4 MILL REEF DRIVE sales between December 2007 and January 2023 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 January 2017 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the January 2023 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 4 MILL REEF DRIVE?

4 MILL REEF DRIVE is 189m² according to the EPC inspection conducted in April 2022. This puts it in the largest 20% of detached houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses by size in Prestbury, and where 4 MILL REEF DRIVE lies on this distribution: 83% of detached houses are smaller than 4 MILL REEF DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

4 MILL REEF DRIVE: Plot and Title Map

4 MILL REEF DRIVE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 4 MILL REEF 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 4 MILL REEF 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 4 MILL REEF DRIVE?

4 MILL REEF DRIVE is located in PRESTBURY, in the GL52 postcode district. The below map shows the position of No. 4 on MILL REEF DRIVE.