RICHMOND, SWINDON LANE, CHELTENHAM, GL50 4PF - £335,000

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 detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £384,277. It was last sold for £335,000 in June 2021, which was around 39% below the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

RICHMOND Sold Prices

Land registry data shows three sales for RICHMOND 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. All of the three RICHMOND 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 7 JUN	£335,000	£549,848	39% below HPI
2001 19 JUL	£110,000	£212,853	48% below HPI
1999 3 DEC	£96,000	£168,550	43% below HPI

RICHMOND 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 RICHMOND sales between December 1999 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 2001 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the June 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might RICHMOND be worth now?

RICHMOND might now be worth an estimated £384,277.

This is based on house price inflation of 14.7%, between June 2021 and February 2025, for 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 14.7% inflationary increase is applied to the most recent sale price for RICHMOND of £335,000 on 7th June 2021. For the value to have increased from £335,000 to £384,277 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of RICHMOND has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The June 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of RICHMOND has not materially changed since June 2021.

How Large is RICHMOND?

RICHMOND is 75m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheltenham, and where RICHMOND lies on this distribution: 8% of detached houses houses are smaller than RICHMOND, and 92% 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 0.083 of an acre, or 337m². 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 SWINDON LANE in CHELTENHAM, in the GL50 postcode district. The below map shows the position of RICHMOND on SWINDON LANE.