THE SLEEPERS, MERLIN WAY, CHELTENHAM, GL53 0LS - £620,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE SLEEPERS is a large detached house of 154m², built sometime between 1991 and 1995, which could now be worth an estimated £853,192. It was last sold for £620,000 in October 2016, which was around 36% above the average October 2016 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was C.

THE SLEEPERS Sold Prices

Land registry data shows three sales for THE SLEEPERS 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 SLEEPERS 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 5 OCT	£620,000	£457,000	36% above HPI
2003 30 SEP	£373,000	£274,539	36% above HPI
2000 14 JAN	£225,000	£175,269	28% above HPI

THE SLEEPERS 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 SLEEPERS sales between January 2000 and October 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 September 2003 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the October 2016 sale, which was also at 36% above the HPI.

What might THE SLEEPERS be worth now?

THE SLEEPERS might now be worth an estimated £853,192.

This is based on house price inflation of 37.6%, between October 2016 and December 2024, 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 37.6% inflationary increase is applied to the most recent sale price for THE SLEEPERS of £620,000 on 5th October 2016. For the value to have increased from £620,000 to £853,192 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of THE SLEEPERS has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The October 2016 sale price of £620,000 represented a fair market value for the property.
• The size, condition, and specification of THE SLEEPERS has not materially changed since October 2016.

How Large is THE SLEEPERS?

THE SLEEPERS is 154m² according to the EPC inspection conducted in February 2015. This puts it in the largest 30% 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 THE SLEEPERS lies on this distribution: 70% of detached houses houses are smaller than THE SLEEPERS, and 30% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

THE SLEEPERS: Plot and Title Map

THE SLEEPERS sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of THE SLEEPERS, 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 SLEEPERS). 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 SLEEPERS?

THE SLEEPERS is located on MERLIN WAY in CHELTENHAM, in the GL53 postcode district. The below map shows the position of THE SLEEPERS on MERLIN WAY.