41, MEDOC CLOSE, CHELTENHAM, GL50 4SP - £166,000

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.

41 MEDOC CLOSE is a very small extended terraced house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £238,985. It was last sold for £166,000 in March 2016, which was around 25% below the average March 2016 terraced price in the Cheltenham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

41 MEDOC CLOSE Sold Prices

Land registry data shows two sales for 41 MEDOC 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 41 MEDOC 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
2016 4 MAR	£166,000	£222,455	25% below HPI
2003 31 OCT	£125,750	£132,717	5% below HPI

41 MEDOC 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 41 MEDOC CLOSE sales from October 2003 and March 2016 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 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 41 MEDOC CLOSE be worth now?

41 MEDOC CLOSE might now be worth an estimated £238,985.

This is based on house price inflation of 44%, between March 2016 and June 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 44% inflationary increase is applied to the most recent sale price for 41 MEDOC CLOSE of £166,000 on 4th March 2016. For the value to have increased from £166,000 to £238,985 over the eight years and nine months to June 2025, the following assumptions must hold true:

• The value of 41 MEDOC CLOSE has moved in line with the HPI for terraced houses in the Cheltenham local authority area.
• The March 2016 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MEDOC CLOSE has not materially changed since March 2016.

How Large is 41 MEDOC CLOSE?

41 MEDOC CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% 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 41 MEDOC CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 41 MEDOC CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

41 MEDOC CLOSE: Plot and Title Map

41 MEDOC CLOSE sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 41 MEDOC 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 41 MEDOC 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 41 MEDOC CLOSE?

41 MEDOC CLOSE is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 41 on MEDOC CLOSE.