MERANTI, NORTH ROAD EAST, THE REDDINGS, CHELTENHAM, GL51 6RE - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MERANTI is a very small semi-detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £372,093. It was last sold for £290,000 in August 2019, which was around 7% below the average August 2019 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

MERANTI Sold Prices

Land registry data shows four sales for MERANTI since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. Most of the four MERANTI 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
2019 27 AUG	£290,000	£311,130	7% below HPI
2013 22 NOV	£210,000	£227,073	8% below HPI
1999 26 FEB	£85,000	£82,071	4% above HPI
1996 25 OCT	£63,000	£64,536	2% below HPI

MERANTI 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 four MERANTI sales between October 1996 and August 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 November 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might MERANTI be worth now?

MERANTI might now be worth an estimated £372,093.

This is based on house price inflation of 28.3%, between August 2019 and December 2024, 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 28.3% inflationary increase is applied to the most recent sale price for MERANTI of £290,000 on 27th August 2019. For the value to have increased from £290,000 to £372,093 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of MERANTI has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The August 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of MERANTI has not materially changed since August 2019.

How Large is MERANTI?

MERANTI is 83m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% 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 MERANTI lies on this distribution: 12% of semi-detached houses houses are smaller than MERANTI, and 87% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

MERANTI: Plot and Title Map

MERANTI sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of MERANTI, 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 MERANTI). 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 MERANTI?

MERANTI is located on NORTH ROAD EAST in THE REDDINGS, in the GL51 postcode district. The below map shows the position of MERANTI on NORTH ROAD EAST.