41, WESSEX DRIVE, CHELTENHAM, GL52 5AF - £273,000

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

41 WESSEX DRIVE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £273,000 in February 2017, which was around 39% below the average February 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

41 WESSEX DRIVE Sold Prices

Land registry data shows two sales for 41 WESSEX 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 41 WESSEX 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
2017 3 FEB	£273,000	£447,012	39% below HPI
2016 2 SEP	£240,000	£440,353	45% below HPI

41 WESSEX 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 41 WESSEX DRIVE sales from September 2016 and February 2017 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 September 2016 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the February 2017 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 41 WESSEX DRIVE?

41 WESSEX DRIVE is 85m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 41 WESSEX DRIVE lies on this distribution: 14% of detached houses are smaller than 41 WESSEX DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

41 WESSEX DRIVE: Plot and Title Map

41 WESSEX DRIVE sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 41 WESSEX 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 41 WESSEX 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 41 WESSEX DRIVE?

41 WESSEX DRIVE is located in CHELTENHAM, in the GL52 postcode district. The below map shows the position of No. 41 on WESSEX DRIVE.