2, ARLE DRIVE, CHELTENHAM, GL51 8HT - £367,500

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.

2 ARLE DRIVE is a small extended detached house of 109m², built sometime between 1930 and 1949, which could now be worth an estimated £421,081. It was last sold for £367,500 in August 2021, which was around 34% below the average August 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

2 ARLE DRIVE Sold Prices

Land registry data shows three sales for 2 ARLE DRIVE 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 2 ARLE DRIVE 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
2021 9 AUG	£367,500	£555,675	34% below HPI
2020 2 SEP	£340,000	£544,998	38% below HPI
2003 9 MAY	£159,000	£280,143	43% below HPI

2 ARLE DRIVE 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 2 ARLE DRIVE sales between May 2003 and August 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 September 2020 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 ARLE DRIVE be worth now?

2 ARLE DRIVE might now be worth an estimated £421,081.

This is based on house price inflation of 14.6%, between August 2021 and May 2026, 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 14.6% inflationary increase is applied to the most recent sale price for 2 ARLE DRIVE of £367,500 on 9th August 2021. For the value to have increased from £367,500 to £421,081 over the five years and three months to May 2026, the following assumptions must hold true:

• The value of 2 ARLE DRIVE has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The August 2021 sale price of £367,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ARLE DRIVE has not materially changed since August 2021.

How Large is 2 ARLE DRIVE?

2 ARLE DRIVE is 109m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% 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 2 ARLE DRIVE lies on this distribution: 32% of detached houses houses are smaller than 2 ARLE DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

2 ARLE DRIVE: Plot and Title Map

2 ARLE DRIVE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 2 ARLE DRIVE, 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 2 ARLE DRIVE). 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 2 ARLE DRIVE?

2 ARLE DRIVE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 2 on ARLE DRIVE.