7, BILLINGS WAY, CHELTENHAM, GL50 2RD - £840,000

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.

7 BILLINGS WAY is a large extended detached house of 175m², built sometime between 1996 and 2002, which could now be worth an estimated £1,051,196. It was last sold for £840,000 in June 2018, which was around 68% above the average June 2018 detached price in the Cheltenham local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

7 BILLINGS WAY Sold Prices

Land registry data shows four sales for 7 BILLINGS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 7 BILLINGS WAY 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
2018 7 JUN	£840,000	£499,512	68% above HPI
2005 14 OCT	£500,000	£310,738	61% above HPI
2002 10 OCT	£440,000	£262,473	68% above HPI
2000 22 DEC	£346,000	£190,791	81% above HPI

7 BILLINGS WAY 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 four 7 BILLINGS WAY sales between December 2000 and June 2018 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 2005 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the June 2018 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might 7 BILLINGS WAY be worth now?

7 BILLINGS WAY might now be worth an estimated £1,051,196.

This is based on house price inflation of 25.1%, between June 2018 and June 2025, 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 25.1% inflationary increase is applied to the most recent sale price for 7 BILLINGS WAY of £840,000 on 7th June 2018. For the value to have increased from £840,000 to £1,051,196 over the seven years to June 2025, the following assumptions must hold true:

• The value of 7 BILLINGS WAY has moved in line with the HPI for detached houses in the Cheltenham local authority area.
• The June 2018 sale price of £840,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BILLINGS WAY has not materially changed since June 2018.

How Large is 7 BILLINGS WAY?

7 BILLINGS WAY is 175m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 30% 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 7 BILLINGS WAY lies on this distribution: 79% of detached houses houses are smaller than 7 BILLINGS WAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

7 BILLINGS WAY: Plot and Title Map

7 BILLINGS WAY sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 7 BILLINGS WAY, 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 7 BILLINGS WAY). 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 7 BILLINGS WAY?

7 BILLINGS WAY is located in CHELTENHAM, in the GL50 postcode district. The below map shows the position of No. 7 on BILLINGS WAY.