5, DRAKES PLACE, CHELTENHAM, GL50 2JF - £800,000

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

5 DRAKES PLACE is a midsized extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £800,000 in June 2021, which was around 50% above the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

5 DRAKES PLACE Sold Prices

Land registry data shows three sales for 5 DRAKES PLACE 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 5 DRAKES PLACE 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
2021 29 JUN	£800,000	£532,793	50% above HPI
2015 30 JAN	£442,500	£393,500	12% above HPI
2001 31 OCT	£271,000	£208,438	30% above HPI

5 DRAKES PLACE 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 5 DRAKES PLACE sales between October 2001 and June 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 January 2015 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2021 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 5 DRAKES PLACE?

5 DRAKES PLACE is 121m², which includes one extension, according to the EPC inspection conducted in November 2020. 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 5 DRAKES PLACE lies on this distribution: 46% of detached houses are smaller than 5 DRAKES PLACE, and 53% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

5 DRAKES PLACE: Plot and Title Map

5 DRAKES PLACE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 5 DRAKES PLACE, 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 5 DRAKES PLACE). 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 5 DRAKES PLACE?

5 DRAKES PLACE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 5 on DRAKES PLACE.