50E, SPRINGBANK ROAD, CHELTENHAM, GL51 0NH - £280,000

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

50E SPRINGBANK ROAD is a very small detached house of 77m², built sometime between 2003 and 2006. It was last sold for £280,000 in October 2018, which was around 45% below the average October 2018 detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

50E SPRINGBANK ROAD Sold Prices

Land registry data shows three sales for 50E SPRINGBANK ROAD 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 50E SPRINGBANK ROAD 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
2018 22 OCT	£280,000	£505,146	45% below HPI
2014 15 AUG	£225,000	£386,503	42% below HPI
2004 16 JAN	£191,950	£273,507	30% below HPI

50E SPRINGBANK ROAD 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 50E SPRINGBANK ROAD sales between January 2004 and October 2018 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 August 2014 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2018 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 50E SPRINGBANK ROAD?

50E SPRINGBANK ROAD is 77m² according to the EPC inspection conducted in April 2014. 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 50E SPRINGBANK ROAD lies on this distribution: 9% of detached houses are smaller than 50E SPRINGBANK ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

50E SPRINGBANK ROAD: Plot and Title Map

50E SPRINGBANK ROAD sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 50E SPRINGBANK ROAD, 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 50E SPRINGBANK ROAD). 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 50E SPRINGBANK ROAD?

50E SPRINGBANK ROAD is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 50E on SPRINGBANK ROAD.