SPRING BANK, CHURCH LANE, PRESTBURY, CHELTENHAM, GL52 3AP - £360,000

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

SPRING BANK is a small extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £360,000 in July 2012, which was around 1% above the average July 2012 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was C.

SPRING BANK Sold Prices

Land registry data shows two sales for SPRING BANK 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 SPRING BANK 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
2012 27 JUL	£360,000	£355,410	1% above HPI
2011 31 OCT	£365,000	£345,675	6% above HPI

SPRING BANK 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 SPRING BANK sales from October 2011 and July 2012 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 October 2011 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2012 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is SPRING BANK?

SPRING BANK is 115m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 40% of detached houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses by size in Prestbury, and where SPRING BANK lies on this distribution: 39% of detached houses are smaller than SPRING BANK, and 61% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

SPRING BANK: Plot and Title Map

SPRING BANK sits on a plot of roughly 0.231 of an acre, or 935m². The below map shows the location of SPRING BANK, 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 SPRING BANK). 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 SPRING BANK?

SPRING BANK is located on CHURCH LANE in PRESTBURY, in the GL52 postcode district. The below map shows the position of SPRING BANK on CHURCH LANE.