8, CHANCEL WAY, CHELTENHAM, GL53 7RR - £249,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 CHANCEL WAY is a very large extended detached house of 219m², built sometime between 1983 and 1990, which could now be worth an estimated £1,133,085. It was last sold for £249,000 in June 1998, which was around 80% above the average June 1998 detached price in the Cheltenham local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

8 CHANCEL WAY Sold Prices

Land registry data shows two sales for 8 CHANCEL WAY 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 8 CHANCEL WAY 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
1998 26 JUN	£249,000	£138,605	80% above HPI
1997 6 AUG	£205,000	£125,984	63% above HPI

8 CHANCEL WAY 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 8 CHANCEL WAY sales from August 1997 and June 1998 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 August 1997 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 1998 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 8 CHANCEL WAY be worth now?

8 CHANCEL WAY might now be worth an estimated £1,133,085.

This is based on house price inflation of 355.1%, between June 1998 and February 2025, for detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 355.1% inflationary increase is applied to the most recent sale price for 8 CHANCEL WAY of £249,000 on 26th June 1998. For the value to have increased from £249,000 to £1,133,085 over the 27 years and four months to February 2025, the following assumptions must hold true:

• The value of 8 CHANCEL WAY has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The June 1998 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHANCEL WAY has not materially changed since June 1998.

How Large is 8 CHANCEL WAY?

8 CHANCEL WAY is 219m², which includes three extensions, according to the EPC inspection conducted in November 2019. This puts it in the largest 10% of detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where 8 CHANCEL WAY lies on this distribution: 91% of detached houses houses are smaller than 8 CHANCEL WAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 CHANCEL WAY: Plot and Title Map

8 CHANCEL WAY sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of 8 CHANCEL WAY, 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 CHANCEL WAY). 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 CHANCEL WAY?

8 CHANCEL WAY is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 8 on CHANCEL WAY.