OLD POST OFFICE, THE REDDINGS, CHELTENHAM, GL51 6RY - £525,000

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

OLD POST OFFICE is a very large extended detached house of 215m², built sometime before 1900. It was last sold for £525,000 in December 2017, which was around 9% above the average December 2017 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

OLD POST OFFICE Sold Prices

Land registry data shows three sales for OLD POST OFFICE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. Two of the three OLD POST OFFICE sales were for above the average price, whilst one 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
2017 14 DEC	£525,000	£482,224	9% above HPI
2007 22 JUN	£412,000	£341,943	20% above HPI
1997 3 JAN	£105,000	£107,857	3% below HPI

OLD POST OFFICE 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 three OLD POST OFFICE sales between January 1997 and December 2017 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 June 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2017 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is OLD POST OFFICE?

OLD POST OFFICE is 215m², which includes four extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where OLD POST OFFICE lies on this distribution: 90% of detached houses are smaller than OLD POST OFFICE, and 10% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

OLD POST OFFICE: Plot and Title Map

OLD POST OFFICE sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of OLD POST OFFICE, 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 OLD POST OFFICE). 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 OLD POST OFFICE?

OLD POST OFFICE is located on THE REDDINGS in CHELTENHAM, in the GL51 postcode district. The below map shows the position of OLD POST OFFICE on THE REDDINGS.