RICHMOND, CHARLTON DRIVE, CHARLTON KINGS, CHELTENHAM, GL53 8ES - £325,000

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.

RICHMOND is a very small semi-detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £524,725. It was last sold for £325,000 in March 2015, which was around 31% above the average March 2015 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

RICHMOND Sold Prices

Land registry data shows two sales for RICHMOND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two RICHMOND 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
2015 27 MAR	£325,000	£247,802	31% above HPI
2012 25 JAN	£295,000	£223,049	32% above HPI

RICHMOND Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The two RICHMOND sales from January 2012 and March 2015 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 2012 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the March 2015 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might RICHMOND be worth now?

RICHMOND might now be worth an estimated £524,725.

This is based on house price inflation of 61.5%, between March 2015 and March 2025, for semi-detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.5% inflationary increase is applied to the most recent sale price for RICHMOND of £325,000 on 27th March 2015. For the value to have increased from £325,000 to £524,725 over the ten years to March 2025, the following assumptions must hold true:

• The value of RICHMOND has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The March 2015 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of RICHMOND has not materially changed since March 2015.

How Large is RICHMOND?

RICHMOND is 73m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where RICHMOND lies on this distribution: 7% of semi-detached houses houses are smaller than RICHMOND, and 93% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

RICHMOND: Plot and Title Map

RICHMOND sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of RICHMOND, 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 RICHMOND). 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 RICHMOND?

RICHMOND is located on CHARLTON DRIVE in CHARLTON KINGS, in the GL53 postcode district. The below map shows the position of RICHMOND on CHARLTON DRIVE.