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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
4, Mill Reef Drive, Cheltenham is recorded publicly as a modern freehold house across 2,034 ft2 of internal area, sitting on a 483 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 4, Mill Reef Drive, Cheltenham is £772,720 and its rental estimate is £2,234 per month, given the available information and assuming reasonable condition.
Mill Reef Drive, Prestbury, Cheltenham, GL52 falls within the GL52 postal district, in the borough of Tewkesbury.
4, Mill Reef Drive, Cheltenham has 4 entries in the Land Registry , most recently in January 2023 and a single entry in the EPC database dated April 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.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 4, Mill Reef Drive, Cheltenham, we estimate a market value of £811,356 and a rental value of £2,345 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £718,630 and £2,077 per month respectively.
Over the last year, 4, Mill Reef Drive, Cheltenham has seen its estimated sale value move down by £6,365 (0.8%) and its estimated rental value increase by £62 per month (2.8%). This results in an estimated gross rental yield of 3.5%.
HM Land Registry records the plot of land for 4, Mill Reef Drive, Cheltenham as measuring 483 m2.
That makes it the 3rd largest plot in the postcode, where all 4 other houses have recorded plot data.
4, Mill Reef Drive, Cheltenham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Apr 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 4, Mill Reef Drive, Cheltenham completed on 20th January 2023 at £780,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 11.5% over the period since January 2023.
Over the past 2 years 3 properties similar to 4, Mill Reef Drive, Cheltenham have sold within a radius of 1.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd April 2024, was 37, Desert Orchid Road, Cheltenham, GL52 5FD, a freehold house which sold for £825,000.
Read more about house prices in GL52.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 4 addresses on Mill Reef Drive, Prestbury, Cheltenham, GL52, 4, Mill Reef Drive, Cheltenham comes out as the largest and the most expensive in our analysis of the public data.
It is also £365k more expensive than the average property across the GL52 district.
From 4, Mill Reef Drive, Cheltenham, the nearest station is Cheltenham Spa, 4.9 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 4, Mill Reef Drive, Cheltenham, 44.3% of property is privately owned outright and 33.2% 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 4, Mill Reef Drive, Cheltenham, 21.3% of residents are recorded as possessing school level qualifications and 54.5% 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 4, Mill Reef Drive, Cheltenham, the average age was 46.2 and the most common age was 57.
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 4, Mill Reef Drive, Cheltenham, 1.4% 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 4, Mill Reef Drive, Cheltenham, there are an average of 1.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.
