7, NORWICH DRIVE, CHELTENHAM, GL51 3HD - £275,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

7 NORWICH DRIVE is a very small extended detached house of 75m², built sometime between 1950 and 1966. It was last sold for £275,000 in September 2016, which was around 38% below the average September 2016 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

7 NORWICH DRIVE Sold Prices

Land registry data shows three sales for 7 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 7 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
2016 20 SEP	£275,000	£440,353	38% below HPI
2010 14 MAY	£190,000	£336,264	43% below HPI
2004 7 APR	£182,250	£282,351	35% below HPI

7 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 7 NORWICH DRIVE sales between April 2004 and September 2016 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 May 2010 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2016 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 7 NORWICH DRIVE?

7 NORWICH DRIVE is 75m², which includes one extension, according to the EPC inspection conducted in February 2010. 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 7 NORWICH DRIVE lies on this distribution: 8% of detached houses are smaller than 7 NORWICH DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

7 NORWICH DRIVE: Plot and Title Map

7 NORWICH DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 7 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 7 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 7 NORWICH DRIVE?

7 NORWICH DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 7 on NORWICH DRIVE.