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

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.

MONKS REST is a very small extended detached house of 72m², built sometime before 1900, which could now be worth an estimated £580,373. It was last sold for £495,000 in January 2021, which was around 14% 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	£433,513	14% above HPI
2013 14 MAY	£372,000	£293,319	27% 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 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the January 2021 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might MONKS REST be worth now?

MONKS REST might now be worth an estimated £580,373.

This is based on house price inflation of 17.2%, between January 2021 and February 2025, for detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for MONKS REST of £495,000 on 5th January 2021. For the value to have increased from £495,000 to £580,373 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of MONKS REST has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The January 2021 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of MONKS REST has not materially changed since January 2021.

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 houses in Southam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southam, and where MONKS REST lies on this distribution: 2% of detached houses 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.