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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE SPINNEY is a very large extended detached house of 348m², built sometime between 1996 and 2002, which could now be worth an estimated £1,800,304. It was last sold for £1,570,000 in February 2021, which was around 185% 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	£550,042	185% above HPI
1998 20 MAR	£255,000	£127,143	101% 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 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the February 2021 sale, where it rises to 185% above the HPI. The line then continues to track at 185% above the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £1,800,304.

This is based on house price inflation of 14.7%, between February 2021 and February 2025, 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 14.7% inflationary increase is applied to the most recent sale price for THE SPINNEY of £1,570,000 on 8th February 2021. For the value to have increased from £1,570,000 to £1,800,304 over the four years to February 2025, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The February 2021 sale price of £1,570,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since February 2021.

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 houses in Prestbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prestbury, and where THE SPINNEY lies on this distribution: 99% of detached houses 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.