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Cheltenham House Prices Cheltenham House Prices

The average house price in Cheltenham is £420,694 using HM Land Registry data.

The average property price increased by £67,815 (18.98%) over the last 5 years and increased by £13,588 (3.3%) over the last 12 months.

Over the last year, there were 1,387 residential property sales – a decrease of 369 transactions (-26.60%) relative to the previous year. The majority of house sales (428) were in the £170,000 - £282,000 range. Then came properties in the £282,000 - £394,000 range, where 340 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 126 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,058 (-2%).

In Dec 24, there were 168 new estate agency instructions, 124 agreed home sales and 75 property price reductions.

Neighbouring Areas: Prestbury

Postcodes Covered: GL50, GL51, GL52, GL53

5-Year Average Property Prices in Cheltenham

18.98%

Property prices in Cheltenham increased by 18.98% 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

3.3%

Property prices in Cheltenham increased by 3.3% 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 Cheltenham - Dec 24

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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Highland Road, Cheltenham, Gloucestershire, GL53 9LT£700,000£685,000-£15,00011 Sep 202422 Nov 202472 Days
41 Bafford Lane, Charlton Kings, Cheltenham, Gloucestershire, GL53 8DN£325,000£316,950-£8,05008 May 202421 Nov 2024197 Days
5 Albany Road, Cheltenham, Gloucestershire, GL50 2UN£525,000£520,000-£5,00026 Jun 202420 Nov 2024147 Days
12 Blaisdon Way, Cheltenham, Gloucestershire, GL51 0WR£280,000£270,000-£10,00010 Jul 202419 Nov 2024132 Days
Apartment 20, The Crescent, Gloucester Road, Cheltenham, Gloucestershire, GL51 8PF£280,000£277,500-£2,50008 May 202418 Nov 2024194 Days
13 Tivoli Street, Cheltenham, Gloucestershire, GL50 2UW£615,000£615,000£0010 Aug 202415 Nov 202497 Days
Flat 20, Lefroy Court, Talbot Road, Cheltenham, Gloucestershire, GL51 6QA£105,000£93,000-£12,00014 Jun 202313 Nov 2024518 Days
16 Turkdean Road, Cheltenham, Gloucestershire, GL51 6AL£305,000£291,500-£13,50014 Jun 202411 Nov 2024150 Days
14 Westdown Gardens, Cheltenham, Gloucestershire, GL52 6AY£430,000£425,000-£5,00017 Jun 202408 Nov 2024144 Days
9 Mead Close, Cheltenham, Gloucestershire, GL53 7DX£630,000£605,000-£25,00030 May 202408 Nov 2024162 Days
13a, Lyefield Road West, Charlton Kings, Cheltenham, Gloucestershire, GL53 8EZ£375,000£370,000-£5,00024 Jun 202407 Nov 2024136 Days
12 Holmer Crescent, Up Hatherley, Cheltenham, Gloucestershire, GL51 3LR£475,000£470,000-£5,00009 Jul 202405 Nov 2024119 Days
49 Bouncers Lane, Prestbury, Cheltenham, Gloucestershire, GL52 5JB£450,000£435,000-£15,00024 May 202401 Nov 2024161 Days
24 Coronation Road, Prestbury, Cheltenham, Gloucestershire, GL52 3DA£850,000£825,000-£25,00002 Apr 202401 Nov 2024213 Days
78 Beeches Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8NU£550,000£528,000-£22,00005 Aug 202401 Nov 202488 Days
18 Monica Drive, Cheltenham, Gloucestershire, GL50 4NQ£525,000£515,000-£10,00003 May 202401 Nov 2024182 Days
12 Wessex Drive, Cheltenham, Gloucestershire, GL52 5AU£430,000£415,000-£15,00028 Mar 202431 Oct 2024217 Days
21 Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE£300,000£275,000-£25,00005 Jun 202431 Oct 2024148 Days
10 Victoria Retreat, Cheltenham, Gloucestershire, GL50 2XP£290,000£282,500-£7,50012 Jul 202430 Oct 2024110 Days
47 Willowbrook Drive, Cheltenham, Gloucestershire, GL51 0PU£240,000£225,000-£15,00008 Mar 202430 Oct 2024236 Days

Most Expensive Streets in Cheltenham

PostcodeStreetAreaAverageNo. of Sales
GL53 7DJCharlton Park GateCheltenham£2,973,7504
GL50 1QZImperial SquareCheltenham£1,866,2504
GL53 9DBSandy Lane RoadCharlton Kings£1,580,0003
GL52 6NYBirchley RoadBattledown£1,568,3333
GL52 6FDSovereign ViewCharlton Kings£1,466,6666
GL53 8HTCudnall StreetCharlton Kings£1,456,0005
GL52 6NHHam RoadCharlton Kings£1,425,0005
GL50 2JWMay CourtMalvern Road£1,411,6663
GL52 6PAOakley RoadBattledown£1,407,3333
GL50 2TDTivoli RoadCheltenham£1,355,2905

Least Expensive Streets in Cheltenham

PostcodeStreetAreaAverageNo. of Sales
GL53 7AJRegency GardensSandford Road£86,8256
GL52 2LFTom Price CloseCheltenham£92,1007
GL52 2QQWestbourne HouseWestbourne Drive£92,4287
GL50 2RAPark PlaceCheltenham£95,7508
GL52 2QBHomespring HousePittville Circus Road£99,90010
GL51 0FQBentley CourtSotherby Drive£101,5003
GL53 0LAWaterford CourtMoorend Park Road£102,36513
GL51 8QAQueens GateGloucester Road£106,0003
GL51 9BYWaterloo StreetCheltenham£107,0003
GL52 3HSWelland CourtCheltenham£108,3754

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