4, GALA CLOSE, CHELTENHAM, GL50 4DR - £220,000

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.

4 GALA CLOSE is a very small terraced house of 64m², which could now be worth an estimated £267,814. It was last sold for £220,000 in September 2020, which was around 19% below the average September 2020 terraced price in the Cheltenham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was A.

4 GALA CLOSE Sold Prices

Land registry data shows four sales for 4 GALA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cheltenham local authority area for the corresponding sale date. All of the four 4 GALA 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
2020 10 SEP	£220,000	£272,077	19% below HPI
2017 18 OCT	£185,250	£249,178	26% below HPI
2017 28 SEP	£177,500	£245,075	28% below HPI
2015 30 JUN	£179,995	£208,967	14% below HPI

4 GALA 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 four 4 GALA CLOSE sales between June 2015 and September 2020 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 October 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 4 GALA CLOSE be worth now?

4 GALA CLOSE might now be worth an estimated £267,814.

This is based on house price inflation of 21.7%, between September 2020 and October 2025, 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 21.7% inflationary increase is applied to the most recent sale price for 4 GALA CLOSE of £220,000 on 10th September 2020. For the value to have increased from £220,000 to £267,814 over the four years and eleven months to October 2025, the following assumptions must hold true:

• The value of 4 GALA CLOSE has moved in line with the HPI for terraced houses in the Cheltenham local authority area.
• The September 2020 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GALA CLOSE has not materially changed since September 2020.

How Large is 4 GALA CLOSE?

4 GALA CLOSE is 64m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of terraced houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cheltenham, and where 4 GALA CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 4 GALA CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

4 GALA CLOSE: Plot and Title Map

4 GALA CLOSE sits on a plot of roughly 0.817 of an acre, or 3,307m². The below map shows the location of 4 GALA 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 4 GALA 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 4 GALA CLOSE?

4 GALA CLOSE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 4 on GALA CLOSE.