Flat 3, 18
Flat 3, 18
Description & Estimates
Flat 3, 18, Montpellier Spa Road, Cheltenham is recorded publicly as a period leasehold apartment across 585 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 18, Montpellier Spa Road, Cheltenham is £398,731 and its rental estimate is £1,605 per month, given the available information and assuming reasonable condition.
18, 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 3, 18, Montpellier Spa Road, Cheltenham has 41 entries in the Land Registry , most recently in September 2015 and a single entry in the EPC database dated November 2008.
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.
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 3, 18, Montpellier Spa Road, Cheltenham, we estimate a market value of £418,668 and a rental value of £1,685 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £370,820 and £1,493 per month respectively.
Recent Market Change
Over the last year, Flat 3, 18, Montpellier Spa Road, Cheltenham has seen its estimated sale value decrease by £1,026 (0.3%) and its estimated rental value grow by £56 per month (3.5%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Flat 3, 18, Montpellier Spa Road, Cheltenham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Nov 2008.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 3, 18, Montpellier Spa Road, Cheltenham completed on 11th September 2015 at £287,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 7.9% over the period since September 2015.
- Sold Sep 2015£287,000
- Sold Mar 2005£230,000
- Sold May 2002£90,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 18, Montpellier Spa Road, Cheltenham have sold within a radius of 420 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 FlatFlat 3, 24, Montpellier Spa Road, Cheltenham, GL50 1ULFlat 3, 24, Montpellier Spa Road, Cheltenham, GL50 1UL
- Sold Oct 2021£330,000 | 2 Bed Flat30A, Montpellier Spa Road, Cheltenham, GL50 1UL30A, Montpellier Spa Road, Cheltenham, GL50 1UL
- Sold Mar 2018£252,907 | 2 Bed FlatFlat 2, 32, Montpellier Spa Road, Cheltenham, GL50 1ULFlat 2, 32, 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 3, 18, Montpellier Spa Road, Cheltenham comes out as the 99th largest and the 84th most expensive in our analysis of the public data.
It is also £19k 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
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Public Transport Nearby
From Flat 3, 18, 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.
