NEXUS HOUSE, KNAPP ROAD, CHELTENHAM, GL50 3QQ - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NEXUS HOUSE is a small extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £450,000 in June 2021, which was around 16% below the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

NEXUS HOUSE Sold Prices

Land registry data shows two sales for NEXUS HOUSE 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. Both of the two NEXUS HOUSE 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
2021 23 JUN	£450,000	£532,793	16% below HPI
2017 14 JUL	£286,000	£470,812	39% below HPI

NEXUS HOUSE 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 NEXUS HOUSE sales from July 2017 and June 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 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is NEXUS HOUSE?

NEXUS HOUSE is 95m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where NEXUS HOUSE lies on this distribution: 20% of detached houses are smaller than NEXUS HOUSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

NEXUS HOUSE: Plot and Title Map

NEXUS HOUSE sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of NEXUS HOUSE, 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 NEXUS HOUSE). 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 NEXUS HOUSE?

NEXUS HOUSE is located on KNAPP ROAD in CHELTENHAM, in the GL50 postcode district. The below map shows the position of NEXUS HOUSE on KNAPP ROAD.