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House Prices in GL50

The average house price in GL50 (Cheltenham) is £449,767 using HM Land Registry data.

The average property price increased by £89,906 (27.06%) over the last 5 years and increased by £17,969 (4.05%) over the last 12 months.

Over the last year, there were 295 residential property sales – a decrease of 228 transactions (-77.29%) relative to the previous year. The majority of house sales (111) were in the £170,000 - £304,000 range. Then came properties in the £304,000 - £438,000 range, where 81 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,810 (-2%).

In April 2024, there were 92 new estate agency instructions, 53 agreed home sales and 32 property price reductions.

5-Year Average Property Prices in GL50 (Cheltenham)

27.06%

Property prices in Cheltenham increased by 27.06% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GL50 (Cheltenham) Over the Last Year

4.05%

Property prices in Cheltenham increased by 4.05% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GL50 (Cheltenham) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GL50 (Cheltenham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GL50 (Cheltenham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GL50 (Cheltenham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GL50 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL50 postcode area since 1995.

Recent Sales in GL50 (Cheltenham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 17, Jubilee Court, Commercial Street, Cheltenham, Gloucestershire, GL50 2AJ	£270,000	£270,000	£00	11 Jul 2023	29 Feb 2024	233 Days
27 Hatherley Street, Cheltenham, Gloucestershire, GL50 2TT	£500,000	£430,000	-£70,000	05 May 2023	16 Feb 2024	287 Days
4 Tudor Lodge Road, Cheltenham, Gloucestershire, GL50 2SN	£495,000	£489,000	-£6,000	15 Sep 2023	02 Feb 2024	140 Days
5 Vittoria Walk, Cheltenham, Gloucestershire, GL50 1TL	£1,350,000	£1,150,000	-£200,000	18 Aug 2023	30 Jan 2024	165 Days
Flat 5, Beaconsfield Court, Christchurch Road, Cheltenham, Gloucestershire, GL50 2PR	£475,000	£465,000	-£10,000	20 Apr 2023	18 Dec 2023	242 Days
7 Kerstin Close, Cheltenham, Gloucestershire, GL50 4SA	£350,000	£350,000	£00	25 May 2023	13 Dec 2023	202 Days
39 Market Street, Cheltenham, Gloucestershire, GL50 3NJ	£220,000	£220,000	£00	26 Sep 2023	11 Dec 2023	76 Days
15 Clarence Square, Cheltenham, Gloucestershire, GL50 4JN	£1,325,000	£1,300,000	-£25,000	05 Sep 2023	01 Dec 2023	87 Days
8 Alexandra Street, Cheltenham, Gloucestershire, GL50 2UQ	£405,000	£395,000	-£10,000	18 Jul 2023	01 Dec 2023	136 Days
25 Great Western Terrace, Cheltenham, Gloucestershire, GL50 3QX	£500,000	£448,000	-£52,000	02 Jun 2023	01 Dec 2023	182 Days
1 Manser Street, Cheltenham, Gloucestershire, GL50 4HG	£240,000	£240,000	£00	24 Aug 2023	17 Nov 2023	85 Days
1 Oakfield Street, Cheltenham, Gloucestershire, GL50 2UJ	£675,000	£650,000	-£25,000	19 Jun 2023	16 Nov 2023	150 Days
11 Victoria Retreat, Cheltenham, Gloucestershire, GL50 2XP	£335,000	£335,000	£00	14 Jun 2023	15 Nov 2023	154 Days
8 Brandon Place, Cheltenham, Gloucestershire, GL50 2HE	£375,000	£354,000	-£21,000	11 Jul 2023	13 Nov 2023	125 Days
11 St Nicholas Drive, Cheltenham, Gloucestershire, GL50 4RY	£415,000	£405,000	-£10,000	13 Jul 2023	09 Nov 2023	119 Days
9 Albert Street, Cheltenham, Gloucestershire, GL50 4HS	£280,000	£270,000	-£10,000	26 Jul 2023	03 Nov 2023	100 Days
10 Montpellier Drive, Cheltenham, Gloucestershire, GL50 1TX	£1,250,000	£1,200,000	-£50,000	05 Jul 2023	31 Oct 2023	118 Days
103a, The Park, Cheltenham, Gloucestershire, GL50 2RW	£1,295,000	£1,195,000	-£100,000	12 Apr 2023	31 Oct 2023	202 Days
71 Medoc Close, Cheltenham, Gloucestershire, GL50 4SP	£245,000	£239,220	-£5,780	16 Jun 2023	31 Oct 2023	137 Days
20 Kerstin Close, Cheltenham, Gloucestershire, GL50 4SA	£300,000	£300,000	£00	01 Aug 2023	30 Oct 2023	90 Days

Most Expensive Streets in GL50 (Cheltenham)

Postcode	Street	Area	Average	No. of Sales
GL50 1QZ	Imperial Square	Cheltenham	£1,858,500	5
GL50 2SD	The Park	Cheltenham	£1,616,666	3
GL50 2TD	Tivoli Road	Cheltenham	£1,439,921	7
GL50 2ER	Painswick Road	Cheltenham	£1,268,750	4
GL50 2EX	Painswick Road	Cheltenham	£1,256,000	5
GL50 2JW	Malvern Road	Cheltenham	£1,222,135	4
GL50 2QT	Park Place	Cheltenham	£1,174,000	5
GL50 3AY	Royal Parade	Cheltenham	£1,162,980	10
GL50 2PL	Christchurch Road	Cheltenham	£1,135,700	5
GL50 2LH	Lansdown Parade	Cheltenham	£1,127,142	7

Least Expensive Streets in GL50 (Cheltenham)

Postcode	Street	Area	Average	No. of Sales
GL50 1DU	High Street	Cheltenham	£76,000	3
GL50 4EX	St Pauls Road	Cheltenham	£116,750	4
GL50 4LS	Dunalley Parade	Cheltenham	£126,250	4
GL50 3QB	St Georges Place	Cheltenham	£134,666	3
GL50 2RA	Park Place	Cheltenham	£135,375	8
GL50 1YE	Bath Street	Cheltenham	£138,750	4
GL50 3LA	St Georges Place	Cheltenham	£142,100	5
GL50 3RR	Millbrook Street	Cheltenham	£152,115	13
GL50 3QQ	Knapp Road	Cheltenham	£157,625	12
GL50 3UB	St James Walk, Honeybourne Way	Cheltenham	£158,833	3