House prices in GL51 6 (Cheltenham)

This article reveals price per square metre data and various charts to help you understand current housing market in 'GL51 6' (Cheltenham) - statistics were last calculated on 30 August 2024.

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Defining 'GL51 6'

This analysis is limited to properties whose postcode starts with "GL51 6", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Cheltenham.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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Change sector

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Cheltenham is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 6, Cowley Close, Cheltenham, sold for £415,000 on Jul-2024. Given the internal area of 97 square metres, the price per sqm is £4,278.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 186 sales in Cheltenham (GL51 6) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Cheltenham (GL51 6). Of the 186 transactions, half were sold for between £3,190 and £4,590 per square metre. The median, or 'middle', price per square metre in 'GL51 6' is £4,030. Notably, only 25% of properties that sold recently were valued at more than £4,590 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Cheltenham

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Cheltenham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Cheltenham

Comparison with neighbouring postcode sectors

The table below shows how 'GL51 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
GL51 3 Up Hatherley	£3,820 sqm	£4,440 sqm	£4,900 sqm
GL51 4 Shurdington	£3,400 sqm	£4,190 sqm	£4,890 sqm
GL51 6 Cheltenham	£3,190 sqm	£4,030 sqm	£4,590 sqm
GL51 7 Cheltenham	£2,710 sqm	£3,070 sqm	£3,680 sqm
GL51 0 Cheltenham	£2,980 sqm	£3,360 sqm	£3,800 sqm
GL51 8 Cheltenham	£3,180 sqm	£3,570 sqm	£4,040 sqm
GL51 9 Cheltenham	£2,990 sqm	£3,590 sqm	£3,970 sqm

Will Cheltenham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for GL51 6 (Cheltenham) compared with both the wider area GL51 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Cheltenham to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Cheltenham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Hatherley Road, Cheltenham, GL51 6E	104 sqm	£3,962	23
Granley Road, Cheltenham, GL51 6L	81 sqm	£3,663	20
Lansdown Road, Cheltenham, GL51 6P	80 sqm	£2,461	19
Talbot Road, Cheltenham, GL51 6Q	54 sqm	£2,153	17
Hatherley Road, Cheltenham, GL51 6H	106 sqm	£3,800	17
Colesbourne Road, Cheltenham, GL51 6D	92 sqm	£4,235	15
Stanway Road, Cheltenham, GL51 6B	81 sqm	£3,803	14
Lansdown Road, Cheltenham, GL51 6Q	80 sqm	£4,340	12

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Summerbee Drive, Cheltenham, GL51 6T	190 sqm	£4,730	9

Summerbee Drive, Cheltenham, GL51 6T has seen 9 new build sales in the last 4 years (average price £925,135). These new build homes typically have an internal area of 190 sqm, with an average price of £4,730 sqm. This £sqm average is £700 above the average for GL51 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Cheltenham is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
6, Cowley Close, Cheltenham	£415,000 Jul-2024	97	4,278
6 Polefield House, Hatherley Rd, Cheltenham	£253,000 Jun-2024	85	2,976
308, Hatherley Rd, Cheltenham	£415,000 Jun-2024	92	4,510

See the entire list of all sales in Cheltenham (GL51 6) here.