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House Prices in GL51 House Prices in GL51 (Cheltenham)

The average house price in GL51 (Cheltenham) is £338,359 using HM Land Registry data.

The average property price increased by £58,929 (27.49%) over the last 5 years and increased by £11,807 (4.11%) over the last 12 months.

Over the last year, there were 507 residential property sales – a decrease of 184 transactions (-36.29%) relative to the previous year. The majority of house sales (156) were in the £220,000 - £280,000 range. Then came properties in the £280,000 - £340,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 108 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,386 (-2%).

In Dec 24, there were 69 new estate agency instructions, 56 agreed home sales and 17 property price reductions.

Nearby Postcodes: GL1, GL10, GL11, GL13, GL14, GL17, GL18, GL19, GL2, GL20, GL3, GL4, GL50, GL52, GL53, GL54, GL6, GL7, HR8, WR10, WR11, WR13, WR8

5-Year Average Property Prices in GL51 (Cheltenham)

27.49%

Property prices in Cheltenham increased by 27.49% 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 GL51 (Cheltenham) Over the Last Year

4.11%

Property prices in Cheltenham increased by 4.11% 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 GL51 (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 GL51 (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 GL51 (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 GL51 (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 GL51 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL51 postcode area since 1995.

Recent Sales in GL51 (Cheltenham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
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
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
12 Holmer Crescent, Up Hatherley, Cheltenham, Gloucestershire, GL51 3LR£475,000£470,000-£5,00009 Jul 202405 Nov 2024119 Days
21 Springfield Close, The Reddings, Cheltenham, Gloucestershire, GL51 6SE£300,000£275,000-£25,00005 Jun 202431 Oct 2024148 Days
47 Willowbrook Drive, Cheltenham, Gloucestershire, GL51 0PU£240,000£225,000-£15,00008 Mar 202430 Oct 2024236 Days
15 Springbank Grove, Cheltenham, Gloucestershire, GL51 0PQ£270,000£265,000-£5,00004 May 202428 Oct 2024177 Days
43 Wards Road, Cheltenham, Gloucestershire, GL51 6JN£325,000£320,000-£5,00001 Jun 202425 Oct 2024146 Days
60 Salisbury Avenue, Cheltenham, Gloucestershire, GL51 3BU£360,000£360,000£0007 Aug 202425 Oct 202479 Days
68 Rowanfield Road, Cheltenham, Gloucestershire, GL51 8AG£425,000£420,000-£5,00018 Apr 202425 Oct 2024190 Days
23 Arle Drive, Cheltenham, Gloucestershire, GL51 8HU£425,000£396,500-£28,50010 May 202425 Oct 2024168 Days
3 Salisbury Avenue, Cheltenham, Gloucestershire, GL51 3BT£300,000£285,000-£15,00030 Apr 202416 Aug 2024108 Days
46 Persimmon Gardens, Cheltenham, Gloucestershire, GL51 0UF£275,000£270,000-£5,00019 Feb 202416 Aug 2024179 Days
157 Arle Road, Cheltenham, Gloucestershire, GL51 8LJ£400,000£385,000-£15,00009 Mar 202416 Aug 2024160 Days
37 Charles Street, Cheltenham, Gloucestershire, GL51 9HH£235,000£225,000-£10,00004 Apr 202416 Aug 2024134 Days
11 Campden Road, Cheltenham, Gloucestershire, GL51 6AA£485,000£475,000-£10,00030 Apr 202413 Aug 2024105 Days
11 Admiral Close, Cheltenham, Gloucestershire, GL51 0XL£260,000£260,000£0018 Apr 202409 Aug 2024113 Days
52 Obrien Road, Cheltenham, Gloucestershire, GL51 0UP£250,000£240,000-£10,00001 Mar 202409 Aug 2024161 Days
75 Redgrove Park, Cheltenham, Gloucestershire, GL51 6QZ£725,000£715,000-£10,00028 Nov 202309 Aug 2024255 Days

Most Expensive Streets in GL51 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL51 4ULBadgeworthCheltenham£1,368,6005
GL51 3AHBournside RoadCheltenham£941,7504
GL51 6TPSummerbee DriveCheltenham£917,60518
GL51 6EJGodfrey CloseCheltenham£908,3333
GL51 3GFSt Stephens ManorCheltenham£891,6663
GL51 4UPCold Pool Lane, BadgeworthCheltenham£838,3333
GL51 6QJLansdown Lodge DriveCheltenham£823,3333
GL51 6QEGrace GardensCheltenham£808,9449
GL51 7ADGloucester RoadCheltenham£804,3333
GL51 4UBSandy Pluck Lane, ShurdingtonCheltenham£801,6663

Least Expensive Streets in GL51 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL51 0FQBentley Court, Sotherby DriveCheltenham£101,5003
GL51 8QAQueens Gate, Gloucester RoadCheltenham£106,0003
GL51 9BYWaterloo StreetCheltenham£107,0003
GL51 7NLOrchard Court, Orchard AvenueCheltenham£109,3333
GL51 6PXOakdene, Lansdown RoadCheltenham£112,74614
GL51 8LEArle AvenueCheltenham£113,2577
GL51 9DXSt Peters CloseCheltenham£118,85010
GL51 0WAPilgrove WayCheltenham£119,1005
GL51 8NDStow Court, Gloucester RoadCheltenham£122,4619
GL51 9EASwindon CloseCheltenham£125,5004

Explore GL51 (Cheltenham) using map

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