9, SPRINGBANK CLOSE, CHELTENHAM, GL51 0LJ - £174,000

9 SPRINGBANK CLOSE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £174,000 in September 2011, which was around 49% below the average September 2011 detached price in the Cheltenham local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

9 SPRINGBANK CLOSE Sold Prices

Land registry data shows two sales for 9 SPRINGBANK CLOSE 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. Both of the two 9 SPRINGBANK 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
2011 30 SEP	£174,000	£342,824	49% below HPI
1999 25 JUN	£73,000	£139,372	48% below HPI

9 SPRINGBANK CLOSE 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 9 SPRINGBANK CLOSE sales from June 1999 and September 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 June 1999 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2011 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 9 SPRINGBANK CLOSE?

9 SPRINGBANK CLOSE is 63m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 9 SPRINGBANK CLOSE lies on this distribution: 3% of detached houses are smaller than 9 SPRINGBANK CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

9 SPRINGBANK CLOSE: Plot and Title Map

9 SPRINGBANK CLOSE sits on a plot of roughly 0.124 of an acre, or 504m². The below map shows the location of 9 SPRINGBANK 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 9 SPRINGBANK 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 9 SPRINGBANK CLOSE?

9 SPRINGBANK CLOSE is located in CHELTENHAM, in the GL51 postcode district. The below map shows the position of No. 9 on SPRINGBANK CLOSE.