8, AZALEA DRIVE, UP HATHERLEY, CHELTENHAM, GL51 3EA - £355,000

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

8 AZALEA DRIVE is a very small detached house of 74m², built sometime between 1991 and 1995. It was last sold for £355,000 in July 2022, which was around 41% below the average July 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

8 AZALEA DRIVE Sold Prices

Land registry data shows four sales for 8 AZALEA DRIVE 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 8 AZALEA 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
2022 1 JUL	£355,000	£605,142	41% below HPI
2022 24 JUN	£340,000	£595,064	43% below HPI
2002 15 OCT	£170,000	£254,332	33% below HPI
1995 22 FEB	£77,500	£97,504	21% below HPI

8 AZALEA 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 four 8 AZALEA DRIVE sales between February 1995 and July 2022 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 June 2022 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 8 AZALEA DRIVE?

8 AZALEA DRIVE is 74m² according to the EPC inspection conducted in January 2022. 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 8 AZALEA DRIVE lies on this distribution: 7% of detached houses are smaller than 8 AZALEA DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 AZALEA DRIVE: Plot and Title Map

8 AZALEA DRIVE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 8 AZALEA 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 8 AZALEA 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 8 AZALEA DRIVE?

8 AZALEA DRIVE is located in UP HATHERLEY, in the GL51 postcode district. The below map shows the position of No. 8 on AZALEA DRIVE.