40, NORWICH DRIVE, CHELTENHAM, GL51 3HE - £210,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 NORWICH DRIVE is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £210,000 in August 2012, which was around 40% below the average August 2012 detached price in the Cheltenham local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

40 NORWICH DRIVE Sold Prices

Land registry data shows three sales for 40 NORWICH DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 40 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 10 AUG	£210,000	£352,761	40% below HPI
2009 21 DEC	£208,000	£318,333	35% below HPI
2009 12 MAR	£145,000	£283,622	49% below HPI

40 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 three 40 NORWICH DRIVE sales between March 2009 and August 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 December 2009 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2012 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 40 NORWICH DRIVE?

40 NORWICH DRIVE is 67m² according to the EPC inspection conducted in March 2012. 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 40 NORWICH DRIVE lies on this distribution: 5% of detached houses are smaller than 40 NORWICH DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

40 NORWICH DRIVE: Plot and Title Map

40 NORWICH DRIVE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 40 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 40 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 40 NORWICH DRIVE?

40 NORWICH DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 40 on NORWICH DRIVE.