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House Prices in GL54 House Prices in GL54 (Cheltenham)

The average house price in GL54 (Cheltenham) is £616,160 using HM Land Registry data.

The average property price increased by £182,708 (44%) over the last 5 years and increased by £36,526 (5.92%) over the last 12 months.

Over the last year, there were 290 residential property sales – a decrease of 99 transactions (-34.14%) relative to the previous year. The majority of house sales (97) were in the £240,000 - £402,000 range. Then came properties in the £402,000 - £564,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,657 (-4%).

In June 2024, there were 60 new estate agency instructions, 49 agreed home sales and 31 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) - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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
Fairways, Rissington Road, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2DT£700,000£700,000£0004 May 202216 May 2024743 Days
7 Rye Close, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EB£307,500£305,000-£2,50030 Nov 202303 May 2024155 Days
1 The Paddocks, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2LS£635,000£625,000-£10,00024 Jan 202403 May 2024100 Days
10 The Park, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1DX£400,000£385,000-£15,00009 Jan 202429 Apr 2024111 Days
7 St Marys Close, Lower Swell, Cheltenham, Gloucestershire, GL54 1LJ£610,000£610,000£0030 Jan 202422 Apr 202483 Days
45 Roman Way, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2EW£475,000£465,000-£10,00026 Jun 202319 Apr 2024298 Days
20 Chandos Street, Winchcombe, Cheltenham, Gloucestershire, GL54 5HX£375,000£370,000-£5,00030 Jan 202412 Apr 202473 Days
Manor Lodge, Station Road, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2AA£575,000£533,000-£42,00011 Oct 202308 Apr 2024180 Days
16 Hailes Street, Winchcombe, Cheltenham, Gloucestershire, GL54 5HU£615,000£580,000-£35,00017 May 202328 Mar 2024316 Days
92 Roman Way, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2HD£315,000£300,000-£15,00026 Apr 202322 Mar 2024331 Days
Queens Cottage, Shepherds Way, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1EA£595,000£575,000-£20,00031 Oct 202320 Mar 2024141 Days
16 Huddleston Road, Winchcombe, Cheltenham, Gloucestershire, GL54 5HL£300,000£300,000£0003 Jan 202412 Mar 202469 Days
10 Evesham Road, Stow On The Wold, Cheltenham, Gloucestershire, GL54 1EJ£305,000£290,000-£15,00025 Aug 202301 Mar 2024189 Days
17 Ward Road, Northleach, Cheltenham, Gloucestershire, GL54 3RL£335,000£322,500-£12,50022 Aug 202323 Feb 2024185 Days
Meadow Rise, Pock Hill Lane, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2DD£925,000£880,000-£45,00001 Apr 202322 Feb 2024327 Days
7 Dikler Close, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2PS£575,000£562,500-£12,50005 May 202309 Feb 2024280 Days
8 Bull Lane, Winchcombe, Cheltenham, Gloucestershire, GL54 5HY£230,000£227,000-£3,00022 Nov 202308 Feb 202478 Days
1 Eldersfield Close, Winchcombe, Cheltenham, Gloucestershire, GL54 5HW£325,000£308,440-£16,56026 Oct 202307 Feb 2024104 Days
20 Sandy Lane Court, Upper Rissington, Cheltenham, Gloucestershire, GL54 2NF£275,000£265,000-£10,00013 Oct 202325 Jan 2024104 Days
Appletree Cottage, Victoria Street, Bourton On The Water, Cheltenham, Gloucestershire, GL54 2DH£540,000£525,000-£15,00017 Sep 202308 Jan 2024113 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 4JJAndoversfordCheltenham£1,470,9905
GL54 1JZNetherswell Manor, NetherswellCheltenham£1,343,4003
GL54 1JEIcombCheltenham£1,320,0003
GL54 3QYBlackpitts Farm, AldsworthCheltenham£1,288,3333
GL54 2PNWyck RissingtonCheltenham£1,281,56410

Least Expensive Streets in GL54 (Cheltenham)

PostcodeStreetAreaAverageNo. of Sales
GL54 5PNOtters Field, GreetCheltenham£105,5006
GL54 2BHPerryfield Court, Bourton On The WaterCheltenham£127,5003
GL54 5PWBlenheim Court, WinchcombeCheltenham£129,42220
GL54 3EYWalton House Court, West EndCheltenham£138,4305
GL54 2LXKings Meadow, Bourton On The WaterCheltenham£142,0004
GL54 2BAPegasus Court, Bourton On The WaterCheltenham£147,1995
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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