You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in GL51

House Prices in GL51

The average house price in GL51 (Cheltenham) is £286,948 using HM Land Registry data.

The average property price increased by £67,656 (27.49%) over the last 5 years and increased by £13,522 (4.11%) over the last 12 months.

Over the last year, there were 512 residential property sales – a decrease of 268 transactions (-52.34%) relative to the previous year. The majority of house sales (116) were in the £278,000 - £342,000 range. Then came properties in the £214,000 - £278,000 range, where 109 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,893 (-3%).

In April 2024, there were 125 new estate agency instructions, 95 agreed home sales and 69 property price reductions.

5-Year Average Property Prices in GL51 (Cheltenham)

27.49%

Property prices in Cheltenham increased by 27.49% 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 GL51 (Cheltenham) Over the Last Year

4.11%

Property prices in Cheltenham increased by 4.11% 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 GL51 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 GL51 (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 GL51 (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 GL51 (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 GL51 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL51 postcode area since 1995.

Recent Sales in GL51 (Cheltenham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Bisley Road, Cheltenham, Gloucestershire, GL51 6AB	£400,000	£392,000	-£8,000	03 Oct 2023	15 Mar 2024	164 Days
4 Postlip Way, Cheltenham, Gloucestershire, GL51 6DD	£320,000	£320,000	£00	16 Oct 2023	08 Mar 2024	144 Days
80 Canterbury Walk, Cheltenham, Gloucestershire, GL51 3HF	£385,000	£380,000	-£5,000	02 Oct 2023	05 Mar 2024	155 Days
11 Kingscote Close, Cheltenham, Gloucestershire, GL51 6JU	£475,000	£475,000	£00	21 Sep 2023	23 Feb 2024	155 Days
Flat 31, Lefroy Court, Talbot Road, Cheltenham, Gloucestershire, GL51 6QA	£100,000	£100,000	£00	25 Jul 2023	13 Feb 2024	203 Days
7 St Albans Close, Cheltenham, Gloucestershire, GL51 3DW	£350,000	£345,000	-£5,000	30 Oct 2023	09 Feb 2024	102 Days
134 Swindon Road, Cheltenham, Gloucestershire, GL51 9EU	£290,000	£285,000	-£5,000	11 Oct 2023	08 Feb 2024	120 Days
26a, Lloyd Close, Cheltenham, Gloucestershire, GL51 7SZ	£135,000	£130,000	-£5,000	22 Sep 2023	07 Feb 2024	138 Days
41 River Leys, Swindon Village, Cheltenham, Gloucestershire, GL51 9RY	£100,000	£100,000	£00	16 Aug 2023	02 Feb 2024	170 Days
34 Warden Hill Road, Cheltenham, Gloucestershire, GL51 3AW	£480,000	£475,000	-£5,000	06 Oct 2023	18 Jan 2024	104 Days
5 Cumberland Crescent, Cheltenham, Gloucestershire, GL51 8AL	£310,000	£298,000	-£12,000	02 Oct 2023	17 Jan 2024	107 Days
11 Camberwell Road, Cheltenham, Gloucestershire, GL51 0XN	£200,000	£200,000	£00	22 Sep 2023	08 Jan 2024	108 Days
58 Coppice Gate, Cheltenham, Gloucestershire, GL51 9QL	£190,000	£187,000	-£3,000	21 Aug 2023	05 Jan 2024	137 Days
36 Leyson Road, The Reddings, Cheltenham, Gloucestershire, GL51 6RX	£330,000	£324,500	-£5,500	22 Aug 2023	05 Jan 2024	136 Days
23 Belworth Court, Cheltenham, Gloucestershire, GL51 6HQ	£190,000	£190,000	£00	03 Oct 2023	21 Dec 2023	79 Days
4 Bishop Road, Shurdington, Cheltenham, Gloucestershire, GL51 4TB	£290,000	£275,000	-£15,000	21 Jul 2023	20 Dec 2023	152 Days
15 Siskin Drive, Cheltenham, Gloucestershire, GL51 0WW	£164,995	£160,000	-£4,995	30 Jun 2023	19 Dec 2023	172 Days
3 Wilson Road, Shurdington, Cheltenham, Gloucestershire, GL51 4SN	£325,000	£325,000	£00	28 Sep 2023	19 Dec 2023	82 Days
10 Old Reddings Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SD	£310,000	£290,000	-£20,000	11 Sep 2023	15 Dec 2023	95 Days
4 Dunbar Close, Cheltenham, Gloucestershire, GL51 0NF	£300,000	£285,022	-£14,978	27 Jun 2023	15 Dec 2023	171 Days

Most Expensive Streets in GL51 (Cheltenham)

Postcode	Street	Area	Average	No. of Sales
GL51 4UL	Badgeworth	Cheltenham	£1,368,600	5
GL51 6TP	Summerbee Drive	Cheltenham	£926,609	26
GL51 6EJ	Godfrey Close	Cheltenham	£908,333	3
GL51 3AH	Bournside Road	Cheltenham	£878,400	5
GL51 4UP	Cold Pool Lane, Badgeworth	Cheltenham	£838,333	3
GL51 6QJ	Lansdown Lodge Drive	Cheltenham	£823,333	3
GL51 4UB	Sandy Pluck Lane, Shurdington	Cheltenham	£801,666	3
GL51 3GF	St Stephens Manor	Cheltenham	£791,666	3
GL51 6QE	Grace Gardens	Cheltenham	£790,055	9
GL51 4XA	Chargrove Villas, Shurdington	Cheltenham	£766,000	5

Least Expensive Streets in GL51 (Cheltenham)

Postcode	Street	Area	Average	No. of Sales
GL51 9BY	Waterloo Street	Cheltenham	£88,416	6
GL51 8QA	Queens Gate, Gloucester Road	Cheltenham	£106,000	3
GL51 6BW	Edgeworth, Miserden Road	Cheltenham	£109,000	3
GL51 7NL	Orchard Court, Orchard Avenue	Cheltenham	£109,333	3
GL51 6QA	Lefroy Court, Talbot Road	Cheltenham	£112,911	17
GL51 8LE	Arle Avenue	Cheltenham	£113,257	7
GL51 6PX	Oakdene, Lansdown Road	Cheltenham	£116,880	13
GL51 0WA	Pilgrove Way	Cheltenham	£119,100	5
GL51 8ND	Stow Court, Gloucester Road	Cheltenham	£120,013	11
GL51 7SY	Cassin Drive	Cheltenham	£121,833	6