PENARE, HESTERS WAY LANE, CHELTENHAM, GL51 0LB - £245,000

PENARE is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £245,000 in April 2016, which was around 43% below the average April 2016 detached price in the Cheltenham local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

PENARE Sold Prices

Land registry data shows three sales for PENARE 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. All of the three PENARE 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 15 APR	£245,000	£431,543	43% below HPI
2001 14 DEC	£138,500	£215,316	36% below HPI
2000 15 SEP	£128,000	£188,703	32% below HPI

PENARE 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 PENARE sales between September 2000 and April 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 December 2001 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2016 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is PENARE?

PENARE is 84m², which includes one extension, according to the EPC inspection conducted in August 2015. 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 PENARE lies on this distribution: 13% of detached houses are smaller than PENARE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

PENARE: Plot and Title Map

PENARE sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of PENARE, 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 PENARE). 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 PENARE?

PENARE is located on HESTERS WAY LANE in CHELTENHAM, in the GL51 postcode district. The below map shows the position of PENARE on HESTERS WAY LANE.