Flat 2, 32
Flat 2, 32
Description & Estimates
Flat 2, 32, Montpellier Spa Road, Cheltenham appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 566 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, 32, Montpellier Spa Road, Cheltenham is £387,464 and its rental estimate is £1,570 per month, given the available information and assuming reasonable condition.
32, Montpellier Spa Road is a residential building on Montpellier Spa Road, Cheltenham, GL50 and falls within the GL50 postal district and the borough of Cheltenham.
Our Data Sources
Flat 2, 32, Montpellier Spa Road, Cheltenham has 61 entries in the Land Registry , most recently in March 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 Flat 2, 32, Montpellier Spa Road, Cheltenham, we estimate a market value of £406,838 and a rental value of £1,648 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £360,342 and £1,460 per month respectively.
Recent Market Change
Over the last year, Flat 2, 32, Montpellier Spa Road, Cheltenham has seen its estimated sale value move down by £997 (0.3%) and its estimated rental value increase by £54 per month (3.5%). This results in an estimated gross rental yield of 4.9%.
Sold Prices
The most recent sale of Flat 2, 32, Montpellier Spa Road, Cheltenham completed on 21st March 2018 at £252,907 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 6 times.
Values of comparable properties have dropped by 5.6% over the period since March 2018.
- Sold Mar 2018£252,907
- Sold Feb 2008£188,500
- Sold Jun 2004£145,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 32, Montpellier Spa Road, Cheltenham have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th March 2022, was Flat 3, 24, Montpellier Spa Road, Cheltenham, GL50 1UL, a leasehold flat which sold for £350,000.
Read more about house prices in GL50.
- Sold Mar 2022£350,000 | 2 Bed Flat24, Montpellier Spa RoadFlat 3, 24, Montpellier Spa Road, Cheltenham, GL50 1UL
- Sold Mar 2016£240,000 | 2 Bed Flat4, Montpellier Spa RoadFlat 1, 4, Montpellier Spa Road, Cheltenham, GL50 1UL
- Sold Sep 2015£287,000 | 2 Bed Flat18, Montpellier Spa RoadFlat 3, 18, Montpellier Spa Road, Cheltenham, GL50 1UL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 117 addresses on Montpellier Spa Road, Cheltenham, GL50, Flat 2, 32, Montpellier Spa Road, Cheltenham comes out as the 102nd largest and the 87th most expensive in our analysis of the public data.
It is also £8k more expensive than the average property across the GL50 district.
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Schools Nearby
- 700mThe Catholic School of Saint Gregory the Great
- 800mSt John's Church of England Primary School
- 900mChrist Church CofE Primary School
- 1.8kmCheltenham Bournside School and Sixth Form Centre
- 2.0kmPittville School
- 2.8kmPate's Grammar School
More reading links
Public Transport Nearby
From Flat 2, 32, Montpellier Spa Road, Cheltenham, the nearest station is Cheltenham Spa, 1.4 kilometres away.
- 1.4kmCheltenham Spa
- 11.4kmGloucester
- 11.7kmAshchurch for Tewkesbury
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
