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House Prices in GL50 House Prices in GL50 (Cheltenham)

The average house price in GL50 (Cheltenham) is £282,052 using HM Land Registry data.

The average property price increased by £72,162 (27.06%) over the last 5 years and increased by £14,426 (4.05%) over the last 12 months.

Over the last year, there were 300 residential property sales – a decrease of 189 transactions (-63.00%) relative to the previous year. The majority of house sales (104) were in the £160,000 - £284,000 range. Then came properties in the £284,000 - £408,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,810 (-2%).

In June 2024, there were 86 new estate agency instructions, 45 agreed home sales and 47 property price reductions.

Nearby Postcodes: GL19, GL2, GL20, GL3, GL4, GL51, GL52, GL53, GL54, GL6, GL7

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.

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 GL50 (Cheltenham) - June 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
41 Painswick Road, Cheltenham, Gloucestershire, GL50 2EZ£450,000£430,000-£20,00006 Jul 202324 May 2024323 Days
42 Princes Road, Cheltenham, Gloucestershire, GL50 2UH£650,000£645,000-£5,00001 Nov 202329 Apr 2024180 Days
40 Brookbank Close, Cheltenham, Gloucestershire, GL50 3NA£425,000£410,000-£15,00009 Aug 202305 Apr 2024240 Days
Coppice View, Swindon Lane, Cheltenham, Gloucestershire, GL50 4PF£440,000£420,000-£20,00015 Nov 202322 Mar 2024128 Days
39 Merestones Drive, Cheltenham, Gloucestershire, GL50 2SU£535,000£505,000-£30,00013 Mar 202422 Mar 20249 Days
42 Pentathlon Way, Cheltenham, Gloucestershire, GL50 4SE£475,000£455,000-£20,00020 Feb 202419 Mar 202428 Days
Flat 35, Jenner Court, St Georges Road, Cheltenham, Gloucestershire, GL50 3ER£244,950£76,000-£168,95018 Jul 201704 Mar 20242421 Days
Flat 17, Jubilee Court, Commercial Street, Cheltenham, Gloucestershire, GL50 2AJ£270,000£270,000£0011 Jul 202329 Feb 2024233 Days
27 Hatherley Street, Cheltenham, Gloucestershire, GL50 2TT£500,000£430,000-£70,00005 May 202316 Feb 2024287 Days
Flat 13, Pembridge Court, The Park, Cheltenham, Gloucestershire, GL50 2SG£345,000£335,000-£10,00020 Jul 202203 Feb 2024563 Days
4 Tudor Lodge Road, Cheltenham, Gloucestershire, GL50 2SN£495,000£489,000-£6,00015 Sep 202302 Feb 2024140 Days
15 Northfield Terrace, Cheltenham, Gloucestershire, GL50 4JJ£290,000£280,000-£10,00008 Sep 202331 Jan 2024145 Days
5 Vittoria Walk, Cheltenham, Gloucestershire, GL50 1TL£1,350,000£1,150,000-£200,00018 Aug 202330 Jan 2024165 Days
65 Gratton Road, Cheltenham, Gloucestershire, GL50 2BZ£675,000£670,000-£5,00011 Oct 202325 Jan 2024106 Days
Flat 4, Kingston, Overton Park Road, Cheltenham, Gloucestershire, GL50 3BW£200,000£200,000£0026 Sep 202315 Jan 2024111 Days
7 Park Place, Cheltenham, Gloucestershire, GL50 2QS£1,650,000£1,565,000-£85,00027 May 202308 Jan 2024226 Days
41 Marle Hill Parade, Cheltenham, Gloucestershire, GL50 4LG£300,000£275,000-£25,00005 Jul 202305 Jan 2024184 Days
3 Granville Street, Cheltenham, Gloucestershire, GL50 4BL£220,000£205,000-£15,00019 Sep 202302 Jan 2024105 Days
Flat 5, Beaconsfield Court, Christchurch Road, Cheltenham, Gloucestershire, GL50 2PR£475,000£465,000-£10,00020 Apr 202318 Dec 2023242 Days
7 Kerstin Close, Cheltenham, Gloucestershire, GL50 4SA£350,000£350,000£0025 May 202313 Dec 2023202 Days

Most Expensive Streets in GL50 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL50 1QZImperial SquareCheltenham£1,858,5005
GL50 2TDTivoli RoadCheltenham£1,439,9217
GL50 2PLChristchurch RoadCheltenham£1,280,7005
GL50 2ERPainswick RoadCheltenham£1,268,7504
GL50 2EXPainswick RoadCheltenham£1,256,0005
GL50 2JWMalvern RoadCheltenham£1,222,1354
GL50 2QTPark PlaceCheltenham£1,174,0005
GL50 3AYRoyal ParadeCheltenham£1,162,98010
GL50 2LHLansdown ParadeCheltenham£1,127,1427
GL50 1TYMontpellier House, Montpellier DriveCheltenham£1,070,0393

Least Expensive Streets in GL50 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL50 4EXSt Pauls RoadCheltenham£122,3333
GL50 4LSDunalley ParadeCheltenham£126,2504
GL50 3QBSt Georges PlaceCheltenham£134,6663
GL50 2RAPark PlaceCheltenham£135,3758
GL50 1YEBath StreetCheltenham£138,7504
GL50 3LASt Georges PlaceCheltenham£142,1005
GL50 4DTSt Margarets RoadCheltenham£160,50010
GL50 3RRMillbrook StreetCheltenham£161,25014
GL50 3QQKnapp RoadCheltenham£161,32114
GL50 4EDBennington StreetCheltenham£164,3333

Explore GL50 (Cheltenham) using map

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