1, MENDIP CLOSE, CHELTENHAM, GL52 5DS - £255,000

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.

1 MENDIP CLOSE is a very small extended semi-detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £281,190. It was last sold for £255,000 in March 2022, which was around 30% below the average March 2022 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

1 MENDIP CLOSE Sold Prices

Land registry data shows two sales for 1 MENDIP CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. Both of the two 1 MENDIP CLOSE 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
2022 22 MAR	£255,000	£364,848	30% below HPI
1996 29 MAY	£41,800	£62,806	33% below HPI

1 MENDIP CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The two 1 MENDIP CLOSE sales from May 1996 and March 2022 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 May 1996 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 MENDIP CLOSE be worth now?

1 MENDIP CLOSE might now be worth an estimated £281,190.

This is based on house price inflation of 10.3%, between March 2022 and May 2026, for semi-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 10.3% inflationary increase is applied to the most recent sale price for 1 MENDIP CLOSE of £255,000 on 22nd March 2022. For the value to have increased from £255,000 to £281,190 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 1 MENDIP CLOSE has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The March 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MENDIP CLOSE has not materially changed since March 2022.

How Large is 1 MENDIP CLOSE?

1 MENDIP CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where 1 MENDIP CLOSE lies on this distribution: 16% of semi-detached houses houses are smaller than 1 MENDIP CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

1 MENDIP CLOSE: Plot and Title Map

1 MENDIP CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 1 MENDIP CLOSE, 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 1 MENDIP CLOSE). 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 1 MENDIP CLOSE?

1 MENDIP CLOSE is located in CHELTENHAM, in the GL52 postcode district. The below map shows the position of No. 1 on MENDIP CLOSE.