8, HANNAM CLOSE, CHELTENHAM, GL53 9AS - £530,000

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 HANNAM CLOSE is a small detached house of 103m², built sometime between 1967 and 1975. It was last sold for £530,000 in September 2022, which was around 16% below the average September 2022 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

8 HANNAM CLOSE Sold Prices

Land registry data shows four sales for 8 HANNAM 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 8 HANNAM 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
2022 22 SEP	£530,000	£628,113	16% below HPI
2016 6 JAN	£375,000	£418,394	10% below HPI
2003 28 MAR	£200,000	£268,668	26% below HPI
2001 11 MAY	£155,000	£197,310	21% below HPI

8 HANNAM 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 8 HANNAM CLOSE sales between May 2001 and September 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 January 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 HANNAM CLOSE?

8 HANNAM CLOSE is 103m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% 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 HANNAM CLOSE lies on this distribution: 27% of detached houses are smaller than 8 HANNAM CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 HANNAM CLOSE: Plot and Title Map

8 HANNAM CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 8 HANNAM 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 8 HANNAM 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 8 HANNAM CLOSE?

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