7, PARK PLACE, CHELTENHAM, GL50 2QS - £1,565,000

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

7 PARK PLACE is a very large extended detached house of 317m², built sometime before 1900. It was last sold for £1,565,000 in January 2024, which was around 156% above the average January 2024 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

7 PARK PLACE Sold Prices

Land registry data shows two sales for 7 PARK PLACE 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 7 PARK 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
2024 8 JAN	£1,565,000	£612,281	156% above HPI
2006 30 MAY	£735,000	£319,605	130% above HPI

7 PARK 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 two 7 PARK PLACE sales from May 2006 and January 2024 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 2006 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the January 2024 sale, where it rises to 156% above the HPI. The line then continues to track at 156% above the HPI.

How Large is 7 PARK PLACE?

7 PARK PLACE is 317m², which includes four extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 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 PARK PLACE lies on this distribution: 97% of detached houses are smaller than 7 PARK PLACE, and 3% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

7 PARK PLACE: Plot and Title Map

7 PARK PLACE sits on a plot of roughly 0.255 of an acre, or 1,032m². The below map shows the location of 7 PARK 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 7 PARK 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 7 PARK PLACE?

7 PARK PLACE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 7 on PARK PLACE.