Local market reports › GL area › GL50 › GL50 2
Montpellier market report GL50 2, Cheltenham
The GL50 2 (Montpellier) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 7,588 sales recorded by HM Land Registry in GL50 2 (Cheltenham) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: a typical GL50 2 (Cheltenham) home changed hands for £425,000 in 2026 (median of 49 registered sales, up 9% on five years earlier), with the mean at £446,700, and by floor area homes here have averaged about £4,770 per square metre over the last five years. Source: 7,588 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
GL50 2 is one sector of GL50 (Cheltenham): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where GL50 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
GL50 2 sold prices: where the market stands
49 sales were registered in GL50 2 in 2026, and the middle one of them, the median, went for £425,000. The mean works out at £446,700, somewhat above it, as happens wherever a market carries an expensive tail.
GL50 2 prices by floor area
Averaged across five years of sales, floor space in GL50 2 costs about £4,770 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
For scale: the England and Wales median is £285,000, so GL50 2 trades 49% above the country as a whole.
GL50 2's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £425,000 | £425,000 | 49 |
| 2025 | £418,200 | £428,200 | 180 |
| 2024 | £422,500 | £449,204 | 176 |
| 2023 | £380,000 | £417,527 | 151 |
| 2022 | £407,500 | £477,840 | 192 |
| 2021 | £390,000 | £493,790 | 268 |
| 2020 | £325,000 | £421,694 | 154 |
| 2019 | £350,000 | £458,766 | 169 |
| 2018 | £360,000 | £479,887 | 224 |
| 2017 | £345,000 | £470,545 | 222 |
| 2016 | £293,800 | £411,029 | 224 |
| 2015 | £260,000 | £367,380 | 227 |
| 2014 | £272,500 | £386,589 | 247 |
| 2013 | £250,000 | £359,725 | 233 |
| 2012 | £270,000 | £397,406 | 191 |
| 2011 | £246,200 | £371,667 | 164 |
| 2010 | £263,000 | £412,452 | 191 |
| 2009 | £229,000 | £368,119 | 172 |
| 2008 | £237,500 | £389,313 | 165 |
| 2007 | £235,500 | £399,474 | 311 |
| 2006 | £229,500 | £398,383 | 378 |
| 2005 | £220,000 | £391,511 | 270 |
| 2004 | £216,000 | £392,298 | 420 |
| 2003 | £195,000 | £359,237 | 321 |
| 2002 | £175,000 | £329,261 | 330 |
| 2001 | £135,000 | £259,531 | 357 |
| 2000 | £129,000 | £253,163 | 304 |
| 1999 | £95,000 | £189,330 | 329 |
| 1998 | £77,000 | £155,430 | 259 |
| 1997 | £70,000 | £143,556 | 275 |
| 1996 | £59,000 | £124,428 | 236 |
| 1995 | £60,000 | £130,431 | 199 |
In cash terms the typical GL50 2 home went from £60,000 in 1995 to £425,000 in 2026, roughly 7 times the price. Adjusted for inflation it still comes to a real rise of roughly 226%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2021; the current median sits about 14% below that. Someone who bought at the 2021 peak has not yet seen that price back in real terms.
Year-on-year change in the GL50 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2000 (+35.8% on the year before); the weakest, 2013 (−7.4%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What GL50 2 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +1.6% | −0.7% |
| 5 years (since 2021) | +1.7% | −3.0% |
| 10 years (since 2016) | +3.8% | +0.3% |
| 20 years (since 2006) | +3.1% | +0.3% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
The turnover behind the prices
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
Over the last twelve months of data, 49 sales completed in GL50 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 336 sales a year before the financial crisis and 150 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
Rents around GL50 2
For renting purposes GL50 2 sits in Cheltenham. The ONS average private rent there is £1,249 a month (May 2026). Size sets most of the rent: one-beds average £861 a month here against £1,892 for four or more bedrooms.
Average monthly rent by size, Cheltenham
ONS Price Index of Private Rents, May 2026.
£1,249 a month is £14,988 a year, which against the £425,000 median sold price makes a gross yield of 3.5%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
How GL50 2 trades
Only 49 sales completed here in the last twelve months of data, which makes GL50 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Against the GL50 district median, GL50 2 sits 48% higher, marking it as a dearer pocket of the district.
Common questions on GL50 2 (Montpellier)
Is GL50 2 (Montpellier) a good place to buy a house?
How much did a house sell for in GL50 2 (Montpellier)?
Are property prices falling in GL50 2 (Montpellier)?
What happens to GL50 2 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 9% over five years in cash but down 14% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
What is for sale in GL50 right now
Turning to what is actually available: 174 homes on the market right now, from 11 agents publishing to HomesIndex.
These cover the whole GL50 district, not just GL50 2: live asking prices are collected per district.
19% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- High Street, Cheltenham, Cheltenham
- Back Montpellier Terrace, Cheltenham, Cheltenham
- Malvern Road, Cheltenham, Gloucestershire
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every GL50 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What another bedroom costs in GL
Real sold prices by size across the GL area, straight from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £329,250 | £450,000 (+37%) | £685,000 (+52%) | £1,050,000 (+53%) |
| Semi-detached | £245,000 | £280,000 (+14%) | £330,000 (+18%) | £452,000 (+37%) | £727,500 (+61%) |
| Terraced | £215,000 | £250,000 (+16%) | £300,000 (+20%) | £435,000 (+45%) | £665,000 (+53%) |
| Flat | £148,725 | £206,000 (+39%) | £370,000 (+80%) | £547,500 (+48%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the GL area is the point: the same five years treated these districts very differently.
GL area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in GL50
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of GL50, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| GL50 1 | £281,200 | 10 |
| GL50 3 | £225,000 | 45 |
| GL50 4 | £287,000 | 46 |
Zoom out to the full GL50 district report for the type split, monthly volumes and how GL50 compares with its neighbours.
Thinking of selling in GL50 2? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at GL50 2's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim GL50 2.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to GL50 2. Free after a one click sign in.
The live map plots every individual GL50 2 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.