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House Prices in GL53 House Prices in GL53 (Cheltenham)

The average house price in GL53 (Cheltenham) is £476,648 using HM Land Registry data.

The average property price increased by £151,944 (19.43%) over the last 5 years and increased by £30,376 (3.07%) over the last 12 months.

Over the last year, there were 275 residential property sales – a decrease of 99 transactions (-36.00%) relative to the previous year. The majority of house sales (60) were in the £336,000 - £482,000 range. Then came properties in the £482,000 - £628,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,480 (-2%).

In June 2024, there were 52 new estate agency instructions, 40 agreed home sales and 38 property price reductions.

Nearby Postcodes: GL1, GL10, GL11, GL19, GL2, GL20, GL3, GL4, GL5, GL50, GL51, GL52, GL54, GL56, GL6, GL7, GL8, OX18, OX7, SN16, SN6, SN7, WR11, WR12

5-Year Average Property Prices in GL53 (Cheltenham)

19.43%

Property prices in Cheltenham increased by 19.43% 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 GL53 (Cheltenham) Over the Last Year

3.07%

Property prices in Cheltenham increased by 3.07% 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 GL53 (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 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 GL53 (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 GL53 (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 GL53 (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 GL53 (Cheltenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL53 postcode area since 1995.

Recent Sales in GL53 (Cheltenham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Asquith Road, Cheltenham, Gloucestershire, GL53 7EJ£660,000£640,000-£20,00012 Mar 202424 May 202473 Days
13 Ledmore Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8RA£919,500£905,000-£14,50026 Jan 202410 May 2024105 Days
8 Tensing Road, Cheltenham, Gloucestershire, GL53 9LX£395,000£370,000-£25,00030 Jan 202402 May 202493 Days
28 King Henry Close, Cheltenham, Gloucestershire, GL53 7EZ£450,000£450,000£0008 Feb 202401 May 202483 Days
16 Bafford Grove, Charlton Kings, Cheltenham, Gloucestershire, GL53 9JE£800,000£785,000-£15,00014 Sep 202326 Apr 2024225 Days
8 Mitre Street, Cheltenham, Gloucestershire, GL53 7JS£495,000£495,000£0011 Jan 202412 Apr 202492 Days
11 Detmore Close, Charlton Kings, Cheltenham, Gloucestershire, GL53 8QP£399,950£380,000-£19,95005 Jul 202305 Apr 2024275 Days
4 Hall Road, Cheltenham, Gloucestershire, GL53 0HE£650,000£640,000-£10,00008 Aug 202318 Mar 2024223 Days
7 Chatcombe Close, Charlton Kings, Cheltenham, Gloucestershire, GL53 8LT£450,000£415,000-£35,00017 Dec 202312 Mar 202486 Days
14 Everest Road, Cheltenham, Gloucestershire, GL53 9LG£425,000£425,000£0019 Oct 202301 Mar 2024134 Days
45 Exmouth Street, Cheltenham, Gloucestershire, GL53 7NR£525,000£515,000-£10,00020 Sep 202323 Feb 2024156 Days
259 Old Bath Road, Cheltenham, Gloucestershire, GL53 9EF£450,000£431,222-£18,77824 Oct 202316 Feb 2024115 Days
2 Littledown Road, Cheltenham, Gloucestershire, GL53 9LP£850,000£840,000-£10,00019 Sep 202313 Feb 2024147 Days
18 Bafford Grove, Charlton Kings, Cheltenham, Gloucestershire, GL53 9JE£585,000£570,000-£15,00006 Nov 202313 Feb 202499 Days
19 Fairfield Avenue, Cheltenham, Gloucestershire, GL53 7PN£500,000£490,000-£10,00013 Sep 202302 Feb 2024142 Days
24 Pickering Road, Cheltenham, Gloucestershire, GL53 0LB£585,000£575,000-£10,00024 Aug 202326 Jan 2024155 Days
6 Sandringham Court, Cheltenham, Gloucestershire, GL53 7EY£200,000£195,000-£5,00012 Sep 202326 Jan 2024136 Days
30 School Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8AU£295,000£273,000-£22,00014 Apr 202319 Jan 2024280 Days
5 Withyholt Park, Charlton Kings, Cheltenham, Gloucestershire, GL53 9BP£825,000£805,000-£20,00023 Nov 202318 Jan 202456 Days
6 Willow Road, Charlton Kings, Cheltenham, Gloucestershire, GL53 8PQ£450,000£450,000£0028 Apr 202312 Jan 2024259 Days

Most Expensive Streets in GL53 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL53 7DJCharlton Park GateCheltenham£2,973,7504
GL53 9QQDaisy Bank Road, LeckhamptonCheltenham£2,367,5004
GL53 8HTCudnall Street, Charlton KingsCheltenham£1,723,7504
GL53 9DBSandy Lane Road, Charlton KingsCheltenham£1,580,0003
GL53 0JYMoorend Park RoadCheltenham£1,436,2504
GL53 9QSUllenwood Court, UllenwoodCheltenham£1,322,0005
GL53 9EBGreenhills Road, Charlton KingsCheltenham£1,281,2504
GL53 9BTGreatfield Drive, Charlton KingsCheltenham£1,264,9905
GL53 0BSLeckhampton RoadCheltenham£1,235,0003
GL53 0JEShurdington RoadCheltenham£1,154,9833

Least Expensive Streets in GL53 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL53 7AJRegency Gardens, Sandford RoadCheltenham£76,3256
GL53 0LAWaterford Court, Moorend Park RoadCheltenham£102,36513
GL53 9DPGuardian Court, Moorend RoadCheltenham£138,29510
GL53 8BXPumphreys Court, Pumphreys RoadCheltenham£144,3754
GL53 0DDLeckhampton PlaceCheltenham£147,04511
GL53 7REBathville MewsCheltenham£147,6663
GL53 7EQMaida Vale Apartments, Mead RoadCheltenham£154,5008
GL53 7RFBalmoral Court, King George CloseCheltenham£165,3333
GL53 0AUThe Firs, Old Station DriveCheltenham£178,5003
GL53 8JQChestnut Terrace, Charlton KingsCheltenham£184,3333

Explore GL53 (Cheltenham) using map

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