Cheltenham

Data from Land Registry, ONS, Bank of England

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Avg. price

£332,183

↑ +2.0% YoY

Affordability

7.78x

price-to-earnings

Avg. rent

£1229/mo

↑ +2.0% YoY

Market outlook for Cheltenham

Key indicators for buyers

Prices stable+2.0% YoYRelatively stable market

Moderate7.8xImproving from 10.5x in 2021

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

Rents rising+2.0% YoYWaiting costs more (£1,229/mo)

The Cheltenham market looks favourable for buyers. Affordability has improved from a peak of 10.5x in 2021 to 7.8x today. Rising rents (£1,229/mo, +2.0%) mean the cost of waiting is real.

Price trends

Average sale prices · HM Land Registry / UK HPI

£332,183

↑ +2.0% YoY

Affordability ratio

House price ÷ median earnings · ONS data

7.78x

price-to-earnings

A home in Cheltenham costs 7.8x the local median salary — moderate, improving from a peak of 10.5x in 2021.

Rental trends

Average monthly rent · ONS Private Rental Index

£1229/mo

↑ +2.0% YoY

Average monthly rent in Cheltenham is £1,229, up 2.0% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,311

per month at 3.97%

LTV

Term

Deposit (25%)

£83k

Stamp duty

£4k

Based on the average Cheltenham price of £332,183 with a 25% deposit (£83k), a 2-year fixed mortgage at 3.97% costs around £1,311 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£1,229

per month

0% equity built

Buying (mortgage)

£1,311

per month

£82 more than renting

Breakeven

10yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£1,311) are £82 more than renting (£1,229). However, buying requires an upfront deposit of £83k — it would take around 10 years to recoup that cost compared to renting and investing the difference.

Recent sales

Latest transactions · HM Land Registry Price Paid Data

Address	Type	Price	Date
19, KINGSMEAD ROAD GL51 0AL	Semi-detached	£242,000	28 Jan 2026
65, BRIGHTON ROAD GL52 6BA	Terraced	£440,000	23 Jan 2026
FIRST FLOOR FLAT, 30, MONTPELLIER SPA ROAD GL50 1UL	Flat/Maisonette	£292,500	23 Jan 2026
15, SELKIRK STREET GL52 2HJ	Terraced	£700,000	23 Jan 2026
48, COPT ELM ROAD, CHARLTON KINGS GL53 8AL	Semi-detached	£697,000	21 Jan 2026
22, KEYNSHAMBURY ROAD GL52 6HB	Semi-detached	£515,000	20 Jan 2026
39, HAWTHORN ROAD GL51 7LX	Flat/Maisonette

Explore postcodes in Cheltenham

4postcode districts · Click for detailed prices

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions