31, THE LANES, CHELTENHAM, GL53 0PU - £475,000

31 THE LANES is a small detached house of 103m², built sometime between 1983 and 1990. It was last sold for £475,000 in June 2021, which was around 14% below the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

31 THE LANES Sold Prices

Land registry data shows two sales for 31 THE LANES 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. One of the two 31 THE LANES sales was for below the average price, whilst the other was 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 29 JUN	£475,000	£549,860	14% below HPI
1995 17 MAR	£106,000	£98,382	8% above HPI

31 THE LANES 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 31 THE LANES sales from March 1995 and June 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 1995 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 31 THE LANES?

31 THE LANES is 103m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 31 THE LANES lies on this distribution: 27% of detached houses are smaller than 31 THE LANES, and 72% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

31 THE LANES: Plot and Title Map

31 THE LANES sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 31 THE LANES, 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 31 THE LANES). 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 31 THE LANES?

31 THE LANES is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 31 on THE LANES.