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House Prices in GL54 House Prices in GL54 (Cheltenham)

The average house price in GL54 (Cheltenham) is £492,200 using HM Land Registry data.

The average property price increased by £141,475 (44%) over the last 5 years and increased by £28,347 (5.92%) over the last 12 months.

Over the last year, there were 258 residential property sales – a decrease of 114 transactions (-44.19%) relative to the previous year. The majority of house sales (86) were in the £250,000 - £418,000 range. Then came properties in the £418,000 - £586,000 range, where 61 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 92 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,657 (-4%).

In Oct 24, there were 66 new estate agency instructions, 50 agreed home sales and 25 property price reductions.

Nearby Postcodes: B49, B50, CV36, CV37, GL19, GL20, GL3, GL4, GL50, GL51, GL52, GL53, GL55, GL56, GL6, GL7, GL8, OX13, OX15, OX18, OX20, OX25, OX29, OX7, SN16, SN6, SN7, WR10, WR11, WR12, WR13, WR7, WR8

5-Year Average Property Prices in GL54 (Cheltenham)

44%

Property prices in Cheltenham increased by 44% 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 GL54 (Cheltenham) Over the Last Year

5.92%

Property prices in Cheltenham increased by 5.92% 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 GL54 (Cheltenham) - Oct 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 GL54 (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 GL54 (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 GL54 (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 GL54 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL54 postcode area since 1995.

Recent Sales in GL54 (Cheltenham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Barnmeadow Road, Winchcombe, Cheltenham, Gloucestershire, GL54 5QA£325,000£325,000£0029 Apr 202422 Aug 2024115 Days
33 Crispin Road, Winchcombe, Cheltenham, Gloucestershire, GL54 5JX£320,000£320,000£0013 Apr 202416 Aug 2024125 Days
25 Kenelm Rise, Winchcombe, Cheltenham, Gloucestershire, GL54 5JU£299,000£285,000-£14,00023 May 202412 Aug 202481 Days
82 Lamberts Field, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EH£425,000£417,500-£7,50018 Apr 202407 Aug 2024111 Days
32 Lamberts Field, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EH£425,000£425,000£0007 Feb 202431 Jul 2024175 Days
7 The Stables, Fosseway House, Fosseway, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1DN£485,000£460,000-£25,00014 Dec 202224 Jul 2024588 Days
49 Lamberts Field, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2PT£325,000£325,000£0017 Jan 202411 Jul 2024176 Days
18 The Gorse, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EJ£650,000£650,000£0010 Apr 202408 Jul 202489 Days
Pipers, Fields Road, Chedworth, Cheltenham, Gloucestershire, GL54 4NQ£599,950£565,000-£34,95021 Nov 202327 Jun 2024219 Days
Salou, Gloucester Road, Andoversford, Cheltenham, Gloucestershire, GL54 4HR£370,000£360,000-£10,00022 Nov 202321 Jun 2024212 Days
51 Rye Close, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EB£297,500£290,000-£7,50003 Feb 202417 Jun 2024135 Days
8 Crail View, Northleach, Cheltenham, Gloucestershire, GL54 3QH£375,000£375,000£0010 Nov 202317 Jun 2024220 Days
Everest, Evesham Road, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1EJ£500,000£450,000-£50,00001 Mar 202412 Jun 2024103 Days
14 Fosse Folly, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1AD£275,000£262,500-£12,50013 Feb 202406 Jun 2024114 Days
26 Templefields, Andoversford, Cheltenham, Gloucestershire, GL54 4LF£180,000£180,000£0026 Feb 202431 May 202495 Days
Fairways, Rissington Road, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2DT£700,000£700,000£0004 May 202216 May 2024743 Days
19 Chardwar Gardens, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2BL£309,500£307,000-£2,50008 Nov 202316 May 2024190 Days
3 South Terrace, Clapton On The Hill, Cheltenham, Gloucestershire, GL54 2LG£300,000£290,000-£10,00014 Sep 202310 May 2024239 Days
19 Bristol Road, Upper Rissington, Cheltenham, Gloucestershire, GL54 2NY£595,000£595,000£0004 Jan 202410 May 2024127 Days
7 Rye Close, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EB£307,500£305,000-£2,50030 Nov 202303 May 2024155 Days

Most Expensive Streets in GL54 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL54 5NLCorndean Lane, WinchcombeCheltenham£2,200,0003
GL54 1EWUpper SwellCheltenham£1,917,3333
GL54 1HRMaugersburyCheltenham£1,501,45311
GL54 1HPMaugersburyCheltenham£1,487,8336
GL54 4LXLower DowdeswellCheltenham£1,480,0003
GL54 1LHLower SwellCheltenham£1,365,6077
GL54 1JEIcombCheltenham£1,320,0003
GL54 3QYBlackpitts Farm, AldsworthCheltenham£1,288,3333
GL54 2PNWyck RissingtonCheltenham£1,281,56410
GL54 3AZNauntonCheltenham£1,228,2504

Least Expensive Streets in GL54 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL54 5PNOtters Field, GreetCheltenham£88,6005
GL54 2BHPerryfield Court, Bourton On The WaterCheltenham£127,5003
GL54 5PWBlenheim Court, WinchcombeCheltenham£130,05019
GL54 3EYWalton House Court, West EndCheltenham£138,4305
GL54 2BAPegasus Court, Bourton On The WaterCheltenham£139,6656
GL54 2LXKings Meadow, Bourton On The WaterCheltenham£144,3333
GL54 2RXValiant House, A P Ellis RoadCheltenham£161,8005
GL54 5QQBinyon Road, WinchcombeCheltenham£191,0003
GL54 2HGStation Meadow, Bourton On The WaterCheltenham£205,0006
GL54 3HWBicknell Close, NorthleachCheltenham£207,3333

Explore GL54 (Cheltenham) using map

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