8, MERESTONES DRIVE, CHELTENHAM, GL50 2SS - £685,000

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

8 MERESTONES DRIVE is a large extended detached house of 145m², built sometime between 1976 and 1982. It was last sold for £685,000 in March 2021, which was around 31% above the average March 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

8 MERESTONES DRIVE Sold Prices

Land registry data shows two sales for 8 MERESTONES DRIVE 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. One of the two 8 MERESTONES DRIVE sales was for above the average price, whilst the other was 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
2021 23 MAR	£685,000	£524,521	31% above HPI
1998 11 DEC	£117,000	£133,498	12% below HPI

8 MERESTONES 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 two 8 MERESTONES DRIVE sales from December 1998 and March 2021 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 December 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 8 MERESTONES DRIVE?

8 MERESTONES DRIVE is 145m², which includes two extensions, according to the EPC inspection conducted in January 2021. This puts it in the largest 40% 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 MERESTONES DRIVE lies on this distribution: 65% of detached houses are smaller than 8 MERESTONES DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 MERESTONES DRIVE: Plot and Title Map

8 MERESTONES DRIVE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 8 MERESTONES 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 MERESTONES 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 MERESTONES DRIVE?

8 MERESTONES DRIVE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 8 on MERESTONES DRIVE.