THE SPINNEY, MILL LANE, PRESTBURY, CHELTENHAM, GL52 3NE - £1,570,000

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

THE SPINNEY is a very large extended detached house of 348m², built sometime between 1996 and 2002. It was last sold for £1,570,000 in February 2021, which was around 195% above the average February 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY 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 THE SPINNEY 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
2021 8 FEB	£1,570,000	£532,981	195% above HPI
1998 20 MAR	£255,000	£123,199	107% above HPI

THE SPINNEY 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 THE SPINNEY sales from March 1998 and February 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 March 1998 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the February 2021 sale, where it rises to 195% above the HPI. The line then continues to track at 195% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 348m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 10% 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 SPINNEY lies on this distribution: 99% of detached houses are smaller than THE SPINNEY, and 1% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.770 of an acre, or 3,115m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

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