8, JUSTICIA WAY, UP HATHERLEY, CHELTENHAM, GL51 3YH - £390,000

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 JUSTICIA WAY is a small extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £390,000 in October 2017, which was around 19% below the average October 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

8 JUSTICIA WAY Sold Prices

Land registry data shows three sales for 8 JUSTICIA WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the three 8 JUSTICIA WAY 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
2017 13 OCT	£390,000	£481,658	19% below HPI
2009 27 MAR	£266,500	£283,622	6% below HPI
2000 7 JAN	£156,000	£169,833	8% below HPI

8 JUSTICIA 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 three 8 JUSTICIA WAY sales between January 2000 and October 2017 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 March 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2017 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 JUSTICIA WAY?

8 JUSTICIA WAY is 105m², which includes one extension, according to the EPC inspection conducted in June 2017. 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 JUSTICIA WAY lies on this distribution: 29% of detached houses are smaller than 8 JUSTICIA WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 JUSTICIA WAY: Plot and Title Map

8 JUSTICIA WAY sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 8 JUSTICIA 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 JUSTICIA 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 JUSTICIA WAY?

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