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

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

RICHMOND is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £335,000 in June 2021, which was around 37% 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	£532,793	37% below HPI
2001 19 JUL	£110,000	£206,251	47% below HPI
1999 3 DEC	£96,000	£163,323	41% 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 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

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 in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where RICHMOND lies on this distribution: 8% of detached 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.