THE FOLLY, MILL STREET, PRESTBURY, CHELTENHAM, GL52 3BG - £795,000

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

THE FOLLY is a large extended detached house of 179m², built sometime between 1983 and 1990. It was last sold for £795,000 in September 2016, which was around 81% above the average September 2016 detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

THE FOLLY Sold Prices

Land registry data shows three sales for THE FOLLY 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 THE FOLLY 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
2016 26 SEP	£795,000	£440,353	81% above HPI
2005 21 JAN	£560,000	£297,611	88% above HPI
1996 18 JUN	£215,000	£104,719	105% above HPI

THE FOLLY 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 THE FOLLY sales between June 1996 and September 2016 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 2005 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the September 2016 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is THE FOLLY?

THE FOLLY is 179m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 30% of detached houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses by size in Prestbury, and where THE FOLLY lies on this distribution: 80% of detached houses are smaller than THE FOLLY, and 20% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

THE FOLLY: Plot and Title Map

THE FOLLY sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of THE FOLLY, 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 THE FOLLY). 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 THE FOLLY?

THE FOLLY is located on MILL STREET in PRESTBURY, in the GL52 postcode district. The below map shows the position of THE FOLLY on MILL STREET.