1, Mill Reef Drive
1, Mill Reef Drive
Description & Estimates
According to the public record, 1, Mill Reef Drive, Cheltenham is a modern freehold house with 2,023 ft2 of internal area and sits on a 285 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Mill Reef Drive, Cheltenham is £755,549 and the estimated rental value is £2,242 per month.
Mill Reef Drive, Prestbury, Cheltenham, GL52 is located in the borough of Tewkesbury within the GL52 postal district.
Our Data Sources
1, Mill Reef Drive, Cheltenham has a single entry in the Land Registry from December 2007 and a single entry in the EPC database dated May 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Mill Reef Drive, Cheltenham is in very good condition we estimate a sale value of £793,327 and a rental value of £2,354 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £702,661 and a rental value of £2,085 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 1, Mill Reef Drive, Cheltenham has declined by £6,223 (0.8%), while its estimated rental value has climbed by £63 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 3.6%.
Plot Size
According to data from HM Land Registry, 1, Mill Reef Drive, Cheltenham sits on a plot of 285 m2.
We have plot size data on 4 out of 4 other houses in the postcode and 1, Mill Reef Drive, Cheltenham sits on the 4th largest plot.
Energy Efficiency
1, Mill Reef Drive, Cheltenham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 1, Mill Reef Drive, Cheltenham was last sold on 19th December 2007 for £465,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2007, the market for similar properties has risen by 42.5%.
- Sold Dec 2007£465,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Mill Reef Drive, Cheltenham within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 4, Mill Reef Drive, Cheltenham, GL52 5FF, a freehold house which sold for £780,000 on the 20th January 2023.
Read more about house prices in GL52.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Mill Reef Drive, Prestbury, Cheltenham, GL52 has a total of 4 addresses. According to our analysis of all the public data, 1, Mill Reef Drive, Cheltenham is the 2nd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £347k more expensive than the average property in GL52.
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Schools Nearby
- 1.0kmPrestbury St Mary's Church of England Junior School
- 1.0kmSt Mary's Church of England Infant School
- 1.4kmOakwood Primary School
- 2.2kmPittville School
- 3.5kmCleeve School
- 3.6kmBalcarras School
More reading links
Public Transport Nearby
The closest station to 1, Mill Reef Drive, Cheltenham is Cheltenham Spa station, which is 4.9 kilometres away.
- 4.9kmCheltenham Spa
- 10.9kmAshchurch for Tewkesbury
- 15.1kmGloucester
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
