THREE WAYS, BECKETTS LANE, GREET, CHELTENHAM, GL54 5NX - £320,000

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.

THREE WAYS is a very small detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £422,861. It was last sold for £320,000 in August 2019, which was around 21% below the average August 2019 detached price in the Tewkesbury local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was D.

THREE WAYS Sold Prices

Land registry data shows two sales for THREE WAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. Both of the two THREE WAYS 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
2019 5 AUG	£320,000	£406,040	21% below HPI
2012 20 APR	£295,000	£296,611	1% below HPI

THREE WAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two THREE WAYS sales from April 2012 and August 2019 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 April 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might THREE WAYS be worth now?

THREE WAYS might now be worth an estimated £422,861.

This is based on house price inflation of 32.1%, between August 2019 and August 2025, for detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.1% inflationary increase is applied to the most recent sale price for THREE WAYS of £320,000 on 5th August 2019. For the value to have increased from £320,000 to £422,861 over the six years to August 2025, the following assumptions must hold true:

• The value of THREE WAYS has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The August 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of THREE WAYS has not materially changed since August 2019.

How Large is THREE WAYS?

THREE WAYS is 76m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of detached houses houses in Greet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greet, and where THREE WAYS lies on this distribution: 4% of detached houses houses are smaller than THREE WAYS, and 96% of houses are larger. Note that EPC data is not available for all properties in Greet.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on BECKETTS LANE in GREET, in the GL54 postcode district. The below map shows the position of THREE WAYS on BECKETTS LANE.