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Cheltenham House Prices

The average house price in Cheltenham is £438,764 using HM Land Registry data.

The average property price increased by £93,554 (27.85%) over the last 5 years and increased by £18,697 (4.55%) over the last 12 months.

Over the last year, there were 1,330 residential property sales – a decrease of 772 transactions (-58.05%) relative to the previous year. The majority of house sales (414) were in the £170,000 - £286,000 range. Then came properties in the £286,000 - £402,000 range, where 345 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,945 (-2%).

In April 2024, there were 343 new estate agency instructions, 203 agreed home sales and 156 property price reductions.

5-Year Average Property Prices in Cheltenham

27.85%

Property prices in Cheltenham increased by 27.85% 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 Cheltenham Over the Last Year

4.55%

Property prices in Cheltenham increased by 4.55% 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 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 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 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 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 Cheltenham since 1995

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

Recent Property Sales in Cheltenham

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 Glenfall Street, Cheltenham, Gloucestershire, GL52 2JA	£295,000	£290,000	-£5,000	18 Sep 2023	18 Mar 2024	182 Days
4 Hall Road, Cheltenham, Gloucestershire, GL53 0HE	£650,000	£640,000	-£10,000	08 Aug 2023	18 Mar 2024	223 Days
17 Bisley Road, Cheltenham, Gloucestershire, GL51 6AB	£400,000	£392,000	-£8,000	03 Oct 2023	15 Mar 2024	164 Days
7 Chatcombe Close, Charlton Kings, Cheltenham, Gloucestershire, GL53 8LT	£450,000	£415,000	-£35,000	17 Dec 2023	12 Mar 2024	86 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
15 Oakhurst Rise, Cheltenham, Gloucestershire, GL52 6JU	£280,000	£267,500	-£12,500	17 Oct 2023	01 Mar 2024	136 Days
14 Everest Road, Cheltenham, Gloucestershire, GL53 9LG	£425,000	£425,000	£00	19 Oct 2023	01 Mar 2024	134 Days
Flat 17, Jubilee Court, Commercial Street, Cheltenham, Gloucestershire, GL50 2AJ	£270,000	£270,000	£00	11 Jul 2023	29 Feb 2024	233 Days
3 Highbury Mews, Cheltenham, Gloucestershire, GL52 6EL	£695,000	£683,000	-£12,000	22 Sep 2023	26 Feb 2024	157 Days
27 Eldon Road, Cheltenham, Gloucestershire, GL52 6TX	£695,000	£677,900	-£17,100	01 Nov 2023	23 Feb 2024	114 Days
45 Exmouth Street, Cheltenham, Gloucestershire, GL53 7NR	£525,000	£515,000	-£10,000	20 Sep 2023	23 Feb 2024	156 Days
11 Kingscote Close, Cheltenham, Gloucestershire, GL51 6JU	£475,000	£475,000	£00	21 Sep 2023	23 Feb 2024	155 Days
27 Hatherley Street, Cheltenham, Gloucestershire, GL50 2TT	£500,000	£430,000	-£70,000	05 May 2023	16 Feb 2024	287 Days
Glencairn, Greenway Lane, Charlton Kings, Cheltenham, Gloucestershire, GL52 6LB	£925,000	£875,000	-£50,000	15 Nov 2023	15 Feb 2024	92 Days
Flat 31, Lefroy Court, Talbot Road, Cheltenham, Gloucestershire, GL51 6QA	£100,000	£100,000	£00	25 Jul 2023	13 Feb 2024	203 Days
15 Keynsham Bank, Cheltenham, Gloucestershire, GL52 6ER	£210,000	£202,000	-£8,000	09 Sep 2023	09 Feb 2024	153 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

Most Expensive Streets in Cheltenham

Postcode	Street	Area	Average	No. of Sales
GL53 7DJ	Charlton Park Gate	Cheltenham	£2,973,750	4
GL50 1QZ	Imperial Square	Cheltenham	£1,858,500	5
GL52 6NY	Birchley Road	Battledown	£1,738,750	4
GL53 8HT	Cudnall Street	Charlton Kings	£1,723,750	4
GL52 6QE	Ashley Road	Charlton Kings	£1,696,667	3
GL50 2SD	The Park	Cheltenham	£1,616,666	3
GL53 9DB	Sandy Lane Road	Charlton Kings	£1,580,000	3
GL50 2TD	Tivoli Road	Cheltenham	£1,439,921	7
GL53 0JY	Moorend Park Road	Cheltenham	£1,436,250	4
GL52 6NH	Ham Road	Charlton Kings	£1,425,000	5

Least Expensive Streets in Cheltenham

Postcode	Street	Area	Average	No. of Sales
GL50 1DU	High Street	Cheltenham	£76,000	3
GL53 7AJ	Regency Gardens	Sandford Road	£76,325	6
GL52 2QB	Homespring House	Pittville Circus Road	£87,937	8
GL51 9BY	Waterloo Street	Cheltenham	£88,416	6
GL52 2LF	Tom Price Close	Cheltenham	£92,100	7
GL52 2QQ	Westbourne House	Westbourne Drive	£95,666	6
GL53 0LA	Waterford Court	Moorend Park Road	£98,825	10
GL51 8QA	Queens Gate	Gloucester Road	£106,000	3
GL52 3HS	Welland Court	Cheltenham	£107,700	5
GL51 6BW	Edgeworth	Miserden Road	£109,000	3