8, WELLESLEY MEWS, CHELTENHAM, GL50 4LZ - £940,000

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 WELLESLEY MEWS is a very large detached house of 250m², built sometime between 1996 and 2002. It was last sold for £940,000 in September 2019, which was around 92% above the average September 2019 detached price in the Cheltenham local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

8 WELLESLEY MEWS Sold Prices

Land registry data shows two sales for 8 WELLESLEY MEWS 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 WELLESLEY MEWS 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
2019 12 SEP	£940,000	£488,483	92% above HPI
1999 30 SEP	£385,000	£156,637	146% above HPI

8 WELLESLEY MEWS 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 WELLESLEY MEWS sales from September 1999 and September 2019 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 1999 sale was for 146% above the HPI. So the extrapolation line tracks at 146% above the HPI over time, until the September 2019 sale, where it falls to 92% above the HPI. The line then continues to track at 92% above the HPI.

How Large is 8 WELLESLEY MEWS?

8 WELLESLEY MEWS is 250m² according to the EPC inspection conducted in October 2018. This puts it in the largest 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 WELLESLEY MEWS lies on this distribution: 94% of detached houses are smaller than 8 WELLESLEY MEWS, and 6% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

8 WELLESLEY MEWS: Plot and Title Map

8 WELLESLEY MEWS sits on a plot of roughly 0.192 of an acre, or 778m². The below map shows the location of 8 WELLESLEY MEWS, 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 WELLESLEY MEWS). 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 WELLESLEY MEWS?

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