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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Ridge Close, Cheltenham is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Ridge Close, Cheltenham is £237,450 and the estimated rental value is £1,063 per month.
Ridge Close, Cheltenham, GL52 is located in the borough of Cheltenham within the GL52 postal district.
2, Ridge Close, Cheltenham has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated November 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2, Ridge Close, Cheltenham is in very good condition we estimate a sale value of £249,322 and a rental value of £1,116 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,828 and a rental value of £989 per month.
Over the last 12 months the sale value of 2 Ridge Close Cheltenham has increased by an estimated £933 (0.4%) and its rental value has increased by an estimated £29 per month (2.8%), giving an expected gross yield of 5.4%.
2, Ridge Close, Cheltenham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Ridge Close, Cheltenham was last sold on 16th December 2022 for £260,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 22.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Ridge Close, Cheltenham within a radius of 540 metres over the last 2 years.
The most recent example is 8, Ridge Close, Cheltenham, GL52 3PL, a leasehold flat which sold for £242,500 on the 4th September 2024.
Read more about house prices in GL52.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ridge Close, Cheltenham, GL52 has a total of 48 addresses. According to our analysis of all the public data, 2, Ridge Close, Cheltenham is the 35th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in GL52.
The closest station to 2, Ridge Close, Cheltenham is Cheltenham Spa station which is 3.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Ridge Close, Cheltenham, 39.4% of property is privately owned outright and 33.0% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Ridge Close, Cheltenham, 13.7% of residents are recorded as possessing school level qualifications and 48.5% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Ridge Close, Cheltenham, the average age was 45.8 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Ridge Close, Cheltenham, 0.5% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Ridge Close, Cheltenham, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.
