50G, SPRINGBANK ROAD, CHELTENHAM, GL51 0NH - £295,000

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

50G SPRINGBANK ROAD is a small extended detached house of 100m², built sometime between 1996 and 2002. It was last sold for £295,000 in September 2017, which was around 37% below the average September 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

50G SPRINGBANK ROAD Sold Prices

Land registry data shows two sales for 50G SPRINGBANK ROAD 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 50G 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
2017 15 SEP	£295,000	£471,922	37% below HPI
2003 23 DEC	£213,500	£271,877	21% below HPI

50G 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 two 50G SPRINGBANK ROAD sales from December 2003 and September 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 December 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2017 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 50G SPRINGBANK ROAD?

50G SPRINGBANK ROAD is 100m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 50G SPRINGBANK ROAD lies on this distribution: 25% of detached houses are smaller than 50G SPRINGBANK ROAD, and 75% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

50G SPRINGBANK ROAD: Plot and Title Map

50G SPRINGBANK ROAD sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 50G 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 50G 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 50G SPRINGBANK ROAD?

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