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House Prices in GL53 House Prices in GL53 (Cheltenham)

The average house price in GL53 (Cheltenham) is £659,200 using HM Land Registry data.

The average property price increased by £177,023 (19.43%) over the last 5 years and increased by £35,380 (3.07%) over the last 12 months.

Over the last year, there were 256 residential property sales – a decrease of 147 transactions (-57.42%) relative to the previous year. The majority of house sales (58) were in the £376,000 - £522,000 range. Then came properties in the £522,000 - £668,000 range, where 55 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,480 (-2%).

In April 2024, there were 70 new estate agency instructions, 25 agreed home sales and 25 property price reductions.

Nearby Postcodes: GL1, GL10, GL11, GL19, GL2, GL20, GL3, GL4, GL5, GL50, GL51, GL52, GL54, GL56, GL6, GL7, GL8, OX18, OX7, SN16, SN6, SN7, WR11, WR12

5-Year Average Property Prices in GL53 (Cheltenham)

19.43%

Property prices in Cheltenham increased by 19.43% 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 GL53 (Cheltenham) Over the Last Year

3.07%

Property prices in Cheltenham increased by 3.07% 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.

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).

Property Market Heat Gauge for GL53 (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 GL53 (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 GL53 (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 GL53 (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 GL53 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL53 postcode area since 1995.

Recent Sales in GL53 (Cheltenham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Hall Road, Cheltenham, Gloucestershire, GL53 0HE£650,000£640,000-£10,00008 Aug 202318 Mar 2024223 Days
7 Chatcombe Close, Charlton Kings, Cheltenham, Gloucestershire, GL53 8LT£450,000£415,000-£35,00017 Dec 202312 Mar 202486 Days
14 Everest Road, Cheltenham, Gloucestershire, GL53 9LG£425,000£425,000£0019 Oct 202301 Mar 2024134 Days
45 Exmouth Street, Cheltenham, Gloucestershire, GL53 7NR£525,000£515,000-£10,00020 Sep 202323 Feb 2024156 Days
19 Fairfield Avenue, Cheltenham, Gloucestershire, GL53 7PN£500,000£490,000-£10,00013 Sep 202302 Feb 2024142 Days
24 Pickering Road, Cheltenham, Gloucestershire, GL53 0LB£585,000£575,000-£10,00024 Aug 202326 Jan 2024155 Days
6 Sandringham Court, Cheltenham, Gloucestershire, GL53 7EY£200,000£195,000-£5,00012 Sep 202326 Jan 2024136 Days
30 School Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8AU£295,000£273,000-£22,00014 Apr 202319 Jan 2024280 Days
22 King George Close, Cheltenham, Gloucestershire, GL53 7RW£400,000£390,000-£10,00007 Aug 202308 Jan 2024154 Days
5 Wychbury Close, Cheltenham, Gloucestershire, GL53 0HT£820,000£800,000-£20,00019 May 202305 Jan 2024231 Days
8 Chatsworth Drive, Cheltenham, Gloucestershire, GL53 0AG£750,000£725,000-£25,00031 Jul 202304 Jan 2024157 Days
24 Peregrine Road, Cheltenham, Gloucestershire, GL53 0LL£795,000£765,000-£30,00006 Sep 202319 Dec 2023104 Days
15 Shrublands, Charlton Kings, Cheltenham, Gloucestershire, GL53 0ND£875,000£860,000-£15,00007 Aug 202307 Dec 2023122 Days
2 Arden Road, Cheltenham, Gloucestershire, GL53 0HQ£600,000£580,000-£20,00030 Sep 202305 Dec 202366 Days
91 Ravensgate Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8NS£550,000£535,000-£15,00004 Oct 202301 Dec 202358 Days
2 Mornington Drive, Cheltenham, Gloucestershire, GL53 0BH£425,000£425,000£0002 Aug 202330 Nov 2023120 Days
4 The Green, Coberley Village, Cheltenham, Gloucestershire, GL53 9QZ£725,000£725,000£0005 Jul 202330 Nov 2023148 Days
3 Cudnall Street, Charlton Kings, Cheltenham, Gloucestershire, GL53 8HS£1,150,000£1,100,000-£50,00004 May 202330 Nov 2023210 Days
117 Church Road, Leckhampton, Cheltenham, Gloucestershire, GL53 0NY£650,000£643,000-£7,00010 Jul 202329 Nov 2023142 Days
3 Pumphreys Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8DD£415,000£400,000-£15,00003 May 202328 Nov 2023209 Days

Most Expensive Streets in GL53 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL53 7DJCharlton Park GateCheltenham£2,973,7504
GL53 9QQDaisy Bank Road, LeckhamptonCheltenham£2,367,5004
GL53 8HTCudnall Street, Charlton KingsCheltenham£1,723,7504
GL53 9DBSandy Lane Road, Charlton KingsCheltenham£1,580,0003
GL53 0JYMoorend Park RoadCheltenham£1,436,2504
GL53 9QSUllenwood Court, UllenwoodCheltenham£1,322,0005
GL53 9EBGreenhills Road, Charlton KingsCheltenham£1,281,2504
GL53 9BTGreatfield Drive, Charlton KingsCheltenham£1,264,9905
GL53 0BSLeckhampton RoadCheltenham£1,235,0003
GL53 0JEShurdington RoadCheltenham£1,154,9833

Least Expensive Streets in GL53 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL53 7AJRegency Gardens, Sandford RoadCheltenham£76,3256
GL53 0LAWaterford Court, Moorend Park RoadCheltenham£98,82510
GL53 9DPGuardian Court, Moorend RoadCheltenham£139,4949
GL53 8BXPumphreys Court, Pumphreys RoadCheltenham£144,3754
GL53 0DDLeckhampton PlaceCheltenham£147,25010
GL53 7REBathville MewsCheltenham£147,6663
GL53 7RFBalmoral Court, King George CloseCheltenham£165,3333
GL53 0AUThe Firs, Old Station DriveCheltenham£178,5003
GL53 8JQChestnut Terrace, Charlton KingsCheltenham£184,3333
GL53 7HWBath RoadCheltenham£189,1663

Explore GL53 (Cheltenham) using map

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