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Montpellier market report GL50 3, Cheltenham
The standing GL50 3 (Montpellier) property market report, rebuilt from the full public record every month. The raw material for this page is 4,117 HM Land Registry entries for GL50 3 (Cheltenham), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the 2026 median for GL50 3 (Cheltenham) is £225,000, from 45 registered sales, down 13% on five years earlier; the mean is £256,600, and by floor area homes here have averaged about £3,910 per square metre over the last five years. Behind the figures sit 4,117 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
GL50 3 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 3 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.
The going rate for a home in GL50 3
The 2026 median for GL50 3 is £225,000, taken from 45 registered sales. The mean, which is what most sites call the "average house price", is £256,600, somewhat above it, as happens wherever a market carries an expensive tail.
GL50 3 prices by floor area
Measured by floor area, the last five years of GL50 3 sales average about £3,910 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
England and Wales as a whole trade at a £285,000 median, leaving GL50 3 21% below the national figure.
A typical GL50 3 home, priced year by year (1995 to 2026)
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £225,000 | £225,000 | 45 |
| 2025 | £257,500 | £263,658 | 94 |
| 2024 | £240,000 | £255,169 | 118 |
| 2023 | £250,000 | £274,689 | 81 |
| 2022 | £297,200 | £348,501 | 167 |
| 2021 | £257,500 | £326,028 | 153 |
| 2020 | £242,500 | £314,649 | 86 |
| 2019 | £233,000 | £305,407 | 113 |
| 2018 | £226,800 | £302,329 | 122 |
| 2017 | £198,500 | £270,734 | 134 |
| 2016 | £208,000 | £290,994 | 152 |
| 2015 | £205,000 | £289,665 | 151 |
| 2014 | £180,000 | £255,361 | 162 |
| 2013 | £157,500 | £226,627 | 83 |
| 2012 | £180,000 | £264,938 | 81 |
| 2011 | £168,500 | £254,370 | 74 |
| 2010 | £185,000 | £290,128 | 66 |
| 2009 | £155,000 | £249,164 | 86 |
| 2008 | £166,800 | £273,420 | 90 |
| 2007 | £167,000 | £283,279 | 260 |
| 2006 | £171,000 | £296,834 | 249 |
| 2005 | £155,000 | £275,838 | 157 |
| 2004 | £148,500 | £269,705 | 196 |
| 2003 | £135,000 | £248,703 | 156 |
| 2002 | £120,000 | £225,779 | 137 |
| 2001 | £108,000 | £207,624 | 127 |
| 2000 | £86,000 | £168,775 | 167 |
| 1999 | £70,000 | £139,506 | 193 |
| 1998 | £59,000 | £119,096 | 123 |
| 1997 | £49,000 | £100,489 | 115 |
| 1996 | £47,500 | £100,175 | 88 |
| 1995 | £47,000 | £102,171 | 91 |
In cash terms the typical GL50 3 home went from £47,000 in 1995 to £225,000 in 2026, roughly 5 times the price. Inflation explains only part of it: in today's money the rise is still about 120%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2022; the current median sits about 35% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.
Year-on-year change in the GL50 3 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 2001 (+25.6% on the year before); the weakest, 2023 (−15.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What GL50 3 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −12.6% | −14.7% |
| 5 years (since 2021) | −2.7% | −7.1% |
| 10 years (since 2016) | +0.8% | −2.5% |
| 20 years (since 2006) | +1.4% | −1.4% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Sales activity in GL50 3
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.
The register shows 45 GL50 3 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 181 sales a year before the financial crisis and 101 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.
The rental side of GL50 3
GL50 3 falls under Cheltenham, where the ONS puts the average private rent at £1,249 a month (May 2026 figures). The spread runs from £861 a month for a typical one-bed to £1,892 at four-plus bedrooms, which is size doing most of the pricing.
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 £225,000 median sold price makes a gross yield of 6.7%. 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.
Reading the GL50 3 market
Only 45 sales completed here in the last twelve months of data, which makes GL50 3 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Within GL50, this sector trades 22% below the district median: one of its district's cheaper corners.
GL50 3 (Montpellier): the questions that come up
Are property prices falling in GL50 3 (Montpellier)?
Is GL50 3 (Montpellier) a good place to buy a house?
How much did a house sell for in GL50 3 (Montpellier)?
What happens to GL50 3 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 13% over five years in cash but down 31% 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.
On the market in GL50 today
This is what you could actually buy today: 174 homes currently on the market from 11 agents publishing to HomesIndex.
These cover the whole GL50 district, not just GL50 3: live asking prices are collected per district.
19% of current listings sit under the prices comparable homes actually fetched. Every listing is measured against recent recorded sales of similar nearby homes.
- 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 →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Moving up a bedroom in GL: the cost
Real sold prices by size across the GL area, straight from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| 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%) | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land 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 districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in GL50
Sector boundaries hide real price steps. The rest of GL50, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| GL50 1 | £281,200 | 10 |
| GL50 2 | £425,000 | 49 |
| 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.
Before you sell in GL50 3: what the record supports
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in GL50 3, use the average prices map for a rough value: zoom from GL50 3's shading down to the sold homes on your own street. The figures above are every recorded GL50 3 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim GL50 3.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about GL50 3. Free, with a one click sign in.
See every individual GL50 3 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale 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.