NEW BUNGALOW, MERESTONES ROAD, CHELTENHAM, GL50 2RS - £758,000

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

NEW BUNGALOW is a midsized detached house of 136m², built sometime between 1991 and 1995. It was last sold for £758,000 in June 2024, which was around 22% above the average June 2024 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

NEW BUNGALOW Sold Prices

Land registry data shows two sales for NEW BUNGALOW 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. One of the two NEW BUNGALOW sales was for above the average price, whilst the other was 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
2024 28 JUN	£758,000	£619,213	22% above HPI
2022 28 JAN	£445,000	£578,767	23% below HPI

NEW BUNGALOW 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 NEW BUNGALOW sales from January 2022 and June 2024 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 January 2022 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2024 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is NEW BUNGALOW?

NEW BUNGALOW is 136m² according to the EPC inspection conducted in February 2024. This puts it in the largest 50% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where NEW BUNGALOW lies on this distribution: 58% of detached houses are smaller than NEW BUNGALOW, and 41% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

NEW BUNGALOW: Plot and Title Map

NEW BUNGALOW sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of NEW BUNGALOW, 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 NEW BUNGALOW). 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 NEW BUNGALOW?

NEW BUNGALOW is located on MERESTONES ROAD in CHELTENHAM, in the GL50 postcode district. The below map shows the position of NEW BUNGALOW on MERESTONES ROAD.