MONKS REST, SOUTHAM LANE, SOUTHAM, CHELTENHAM, GL52 3NY - £495,000

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

MONKS REST is a very small extended detached house of 72m², built sometime before 1900. It was last sold for £495,000 in January 2021, which was around 8% above the average January 2021 detached price in the Tewkesbury local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

MONKS REST Sold Prices

Land registry data shows two sales for MONKS REST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. Both of the two MONKS REST 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 5 JAN	£495,000	£456,312	8% above HPI
2013 14 MAY	£372,000	£308,745	20% above HPI

MONKS REST Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two MONKS REST sales from May 2013 and January 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 May 2013 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the January 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is MONKS REST?

MONKS REST is 72m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of detached houses in Southam, based on EPC data. The below chart shows the distribution of detached houses by size in Southam, and where MONKS REST lies on this distribution: 2% of detached houses are smaller than MONKS REST, and 98% of houses are larger. Note that EPC data is not available for all properties in Southam.

MONKS REST: Plot and Title Map

MONKS REST sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of MONKS REST, 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 MONKS REST). 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 MONKS REST?

MONKS REST is located on SOUTHAM LANE in SOUTHAM, in the GL52 postcode district. The below map shows the position of MONKS REST on SOUTHAM LANE.