8, THE LANES, CHELTENHAM, GL53 0PU - £245,000

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 THE LANES is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £245,000 in November 2012, which was around 31% below the average November 2012 detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

8 THE LANES Sold Prices

Land registry data shows three sales for 8 THE LANES 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 THE LANES 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
2012 29 NOV	£245,000	£356,140	31% below HPI
2008 24 SEP	£195,000	£341,377	43% below HPI
1999 26 FEB	£105,000	£135,998	23% below HPI

8 THE LANES 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 THE LANES sales between February 1999 and November 2012 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 September 2008 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2012 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 THE LANES?

8 THE LANES is 60m² according to the EPC inspection conducted in April 2015. 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 THE LANES lies on this distribution: 2% of detached houses are smaller than 8 THE LANES, and 97% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 THE LANES: Plot and Title Map

8 THE LANES sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 8 THE LANES, 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 THE LANES). 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 THE LANES?

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