THE RED HOUSE, THE REDDINGS, CHELTENHAM, GL51 6RL - £337,500

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 RED HOUSE is a small detached house of 97m², built sometime between 1983 and 1990. It was last sold for £337,500 in June 2018, which was around 30% below the average June 2018 detached price in the Cheltenham local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

THE RED HOUSE Sold Prices

Land registry data shows four sales for THE RED HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four THE RED HOUSE 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
2018 18 JUN	£337,500	£484,019	30% below HPI
2005 18 AUG	£250,000	£308,740	19% below HPI
2003 9 DEC	£205,000	£271,877	25% below HPI
2001 21 FEB	£152,500	£185,166	18% below HPI

THE RED HOUSE 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 four THE RED HOUSE sales between February 2001 and June 2018 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 August 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is THE RED HOUSE?

THE RED HOUSE is 97m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where THE RED HOUSE lies on this distribution: 22% of detached houses are smaller than THE RED HOUSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of THE RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

THE RED HOUSE is located on THE REDDINGS in CHELTENHAM, in the GL51 postcode district. The below map shows the position of THE RED HOUSE on THE REDDINGS.