3, MORNINGSIDE CLOSE, PRESTBURY, CHELTENHAM, GL52 3BY - £398,000

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.

3 MORNINGSIDE CLOSE is a large terraced house of 166m², built sometime between 1996 and 2002, which could now be worth an estimated £733,663. It was last sold for £398,000 in August 2011, which was around 124% above the average August 2011 terraced price in the Cheltenham local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

3 MORNINGSIDE CLOSE Sold Prices

Land registry data shows two sales for 3 MORNINGSIDE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cheltenham local authority area for the corresponding sale date. Both of the two 3 MORNINGSIDE CLOSE 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
2011 18 AUG	£398,000	£177,571	124% above HPI
1997 26 MAR	£155,000	£54,362	185% above HPI

3 MORNINGSIDE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cheltenham local authority area over time, sourced from the HPI. The two 3 MORNINGSIDE CLOSE sales from March 1997 and August 2011 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 1997 sale was for 185% above the HPI. So the extrapolation line tracks at 185% above the HPI over time, until the August 2011 sale, where it falls to 124% above the HPI. The line then continues to track at 124% above the HPI.

What might 3 MORNINGSIDE CLOSE be worth now?

3 MORNINGSIDE CLOSE might now be worth an estimated £733,663.

This is based on house price inflation of 84.3%, between August 2011 and May 2026, for terraced 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 84.3% inflationary increase is applied to the most recent sale price for 3 MORNINGSIDE CLOSE of £398,000 on 18th August 2011. For the value to have increased from £398,000 to £733,663 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 3 MORNINGSIDE CLOSE has moved in line with the HPI for terraced houses in the Cheltenham local authority area.
• The August 2011 sale price of £398,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MORNINGSIDE CLOSE has not materially changed since August 2011.

How Large is 3 MORNINGSIDE CLOSE?

3 MORNINGSIDE CLOSE is 166m² according to the EPC inspection conducted in May 2009. This puts it in the largest 30% of terraced houses houses in Prestbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Prestbury, and where 3 MORNINGSIDE CLOSE lies on this distribution: 76% of terraced houses houses are smaller than 3 MORNINGSIDE CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Prestbury.

3 MORNINGSIDE CLOSE: Plot and Title Map

3 MORNINGSIDE CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3 MORNINGSIDE 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 3 MORNINGSIDE 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 3 MORNINGSIDE CLOSE?

3 MORNINGSIDE CLOSE is located in PRESTBURY, in the GL52 postcode district. The below map shows the position of No. 3 on MORNINGSIDE CLOSE.