FAIRMILE HOUSE, TIVOLI ROAD, CHELTENHAM, GL50 2TF - £1,350,000

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

FAIRMILE HOUSE is a very large extended detached house of 240m², built sometime before 1900. It was last sold for £1,350,000 in November 2019, which was around 180% above the average November 2019 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

FAIRMILE HOUSE Sold Prices

Land registry data shows two sales for FAIRMILE HOUSE 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 FAIRMILE HOUSE 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 14 NOV	£1,350,000	£481,576	180% above HPI
2006 24 MAR	£560,000	£322,587	74% above HPI

FAIRMILE HOUSE 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 FAIRMILE HOUSE sales from March 2006 and November 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 March 2006 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the November 2019 sale, where it rises to 180% above the HPI. The line then continues to track at 180% above the HPI.

How Large is FAIRMILE HOUSE?

FAIRMILE HOUSE is 240m², which includes one extension, according to the EPC inspection conducted in June 2013. 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 FAIRMILE HOUSE lies on this distribution: 93% of detached houses are smaller than FAIRMILE HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

FAIRMILE HOUSE: Plot and Title Map

FAIRMILE HOUSE sits on a plot of roughly 0.401 of an acre, or 1,625m². The below map shows the location of FAIRMILE HOUSE, 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 FAIRMILE HOUSE). 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 FAIRMILE HOUSE?

FAIRMILE HOUSE is located on TIVOLI ROAD in CHELTENHAM, in the GL50 postcode district. The below map shows the position of FAIRMILE HOUSE on TIVOLI ROAD.