7, WELLS CLOSE, CHELTENHAM, GL51 3BX - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 WELLS CLOSE is a very small extended detached house of 69m², built sometime between 1950 and 1966. It was last sold for £365,000 in October 2018, which was around 28% below the average October 2018 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

7 WELLS CLOSE Sold Prices

Land registry data shows four sales for 7 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 7 WELLS CLOSE 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 15 OCT	£365,000	£505,146	28% below HPI
2017 15 SEP	£240,000	£471,922	49% below HPI
2008 12 DEC	£150,000	£305,543	51% below HPI
1996 9 AUG	£75,000	£107,114	30% below HPI

7 WELLS CLOSE 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 four 7 WELLS CLOSE sales between August 1996 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 September 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 WELLS CLOSE?

7 WELLS CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in June 2018. 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 WELLS CLOSE lies on this distribution: 5% of detached houses are smaller than 7 WELLS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

7 WELLS CLOSE: Plot and Title Map

7 WELLS CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 7 WELLS CLOSE, 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 WELLS CLOSE). 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 WELLS CLOSE?

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