HOMEWOOD, WEST APPROACH DRIVE, CHELTENHAM, GL52 3AD - £1,085,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HOMEWOOD is a very large extended semi-detached house of 253m², built sometime before 1900, which could now be worth an estimated £1,246,630. It was last sold for £1,085,000 in December 2021, which was around 212% above the average December 2021 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

HOMEWOOD Sold Prices

Land registry data shows two sales for HOMEWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two HOMEWOOD 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
2021 1 DEC	£1,085,000	£347,371	212% above HPI
2012 12 JUL	£695,000	£225,290	208% above HPI

HOMEWOOD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The two HOMEWOOD sales from July 2012 and December 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 July 2012 sale was for 208% above the HPI. So the extrapolation line tracks at 208% above the HPI over time, until the December 2021 sale, where it rises to 212% above the HPI. The line then continues to track at 212% above the HPI.

What might HOMEWOOD be worth now?

HOMEWOOD might now be worth an estimated £1,246,630.

This is based on house price inflation of 14.9%, between December 2021 and February 2025, for semi-detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for HOMEWOOD of £1,085,000 on 1st December 2021. For the value to have increased from £1,085,000 to £1,246,630 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of HOMEWOOD has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The December 2021 sale price of £1,085,000 represented a fair market value for the property.
• The size, condition, and specification of HOMEWOOD has not materially changed since December 2021.

How Large is HOMEWOOD?

HOMEWOOD is 253m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the largest 10% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where HOMEWOOD lies on this distribution: 94% of semi-detached houses houses are smaller than HOMEWOOD, and 6% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

HOMEWOOD: Plot and Title Map

HOMEWOOD sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of HOMEWOOD, 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 HOMEWOOD). 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 HOMEWOOD?

HOMEWOOD is located on WEST APPROACH DRIVE in CHELTENHAM, in the GL52 postcode district. The below map shows the position of HOMEWOOD on WEST APPROACH DRIVE.