Published: 28/12/2023 By Paul Clarke. Peter Ball &Co. Sales Director
Cheltenham's appeal extends beyond affordability to a unique lifestyle that sets it apart. Market data reveals a sustained increase in sales over £1 million since 2018, even amidst the challenges posed by successive interest rate hikes.
Key property hotspots, including Montpellier, Charlton Kings, and Leckhampton, continue to attract attention, especially from Londoners drawn by the allure of a more affordable yet refined lifestyle that Cheltenham offers. A notable 7.6% of 2023 purchasers in Cheltenham originated from London.
In the first eight months of 2023, the average property price in Cheltenham surpassed £402,000, reflecting a notable increase from approximately £391,000 in 2022. Comparative figures for the nearby town of Gloucester indicate a 1.3% price increase.
Looking ahead, property price predictions for Cheltenham suggest a resilient market, with the average property price showing an upward trend. The allure of areas like Charlton Kings, Leckhampton, and Charlton Park, with average prices around £622,000, £596,000, and £587,000 respectively in t2023, further contributes to the optimistic outlook.
The town's unique charm, where Regency elegance seamlessly intertwines with the peace of the Cotswolds, continues to captivate a diverse array of residents, solidifying Cheltenham's position as a desirable destination for the smart and stylish house hunter