ALTEA, LOWESWATER ROAD, CHELTENHAM, GL51 3AZ - £490,000

ALTEA is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £490,000 in June 2021, which was around 11% below the average June 2021 detached price in the Cheltenham local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

ALTEA Sold Prices

Land registry data shows three sales for ALTEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheltenham local authority area for the corresponding sale date. Two of the three ALTEA sales were for below the average price, whilst one 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 22 JUN	£490,000	£549,860	11% below HPI
2016 19 MAY	£445,000	£431,695	3% above HPI
2014 4 AUG	£316,200	£386,503	18% below HPI

ALTEA 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 three ALTEA sales between August 2014 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 May 2016 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is ALTEA?

ALTEA is 84m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where ALTEA lies on this distribution: 13% of detached houses are smaller than ALTEA, and 86% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

ALTEA: Plot and Title Map

ALTEA sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of ALTEA, 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 ALTEA). 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 ALTEA?

ALTEA is located on LOWESWATER ROAD in CHELTENHAM, in the GL51 postcode district. The below map shows the position of ALTEA on LOWESWATER ROAD.