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2 Montpellier Parade is a residential building situated on Montpellier Parade, Cheltenham, GL50 with 2 addresses.
It ranks as the 81st largest and 986th most expensive of the 1,020 buildings in the GL50 area. The dominant property type is a modern house built after 1980.
The building contains a total of 2 properties: 2 flats.
2 Montpellier Parade is a residential building situated on Montpellier Parade, Cheltenham, GL50 with 2 addresses.
It ranks as the 81st largest and 986th most expensive of the 1,020 buildings in the GL50 area. The dominant property type is a modern house built after 1980.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £320,008 for 1 bedroom leasehold flats (452 ft2) to £1,066,652 for 5 bedroom freehold houses with a garden (1,937 ft2) .
Monthly rental prices range from £1,306 pcm for 1 bed flats to £2,816 pcm for 5 bed houses.
The gross rental yield is between 3.2% and 4.9%.
The average value per square foot is £629.
The last sale in 2 Montpellier Parade sold for £1,097,124 on 24th May 2022. Since then prices are up an average of 1.2%.
The current average value in the building is £693,330.
The 2 Montpellier Parade Sales Market has increased by 27.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0% | £693,330 |
| May 2025 | 1% | £693,449 |
| May 2024 | -0.2% | £686,472 |
| May 2023 | 0.5% | £687,687 |
| May 2022 | 7.3% | £684,309 |
| May 2021 | 0.1% | £637,939 |
| May 2020 | 7.1% | £637,584 |
| May 2019 | -1.8% | £595,127 |
| May 2018 | 5.3% | £606,126 |
| May 2017 | 5.9% | £575,492 |
| May 2016 | 4.6% | £543,201 |
| May 2015 | 3.3% | £519,177 |
| May 2014 | 5.5% | £502,460 |
| May 2013 | 2.6% | £476,165 |
| May 2012 | 1% | £464,320 |
| May 2011 | -0.9% | £459,873 |
| May 2010 | 10.4% | £463,977 |
| May 2009 | -10.9% | £420,345 |
| May 2008 | -2.2% | £471,635 |
| May 2007 | 0% | £482,248 |
The current average rental value in the building is £2,061.
The 2 Montpellier Parade Rental Market has increased by 52.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.7% | £2,061pcm |
| May 2025 | 5.9% | £1,988pcm |
| May 2024 | 9.4% | £1,878pcm |
| May 2023 | 10.3% | £1,716pcm |
| May 2022 | 6.3% | £1,556pcm |
| May 2021 | 5% | £1,464pcm |
| May 2020 | 0.4% | £1,395pcm |
| May 2019 | 0.3% | £1,389pcm |
| May 2018 | 2.5% | £1,385pcm |
| May 2017 | 0% | £1,351pcm |
| May 2016 | 4.5% | £1,351pcm |
| May 2015 | 4.9% | £1,293pcm |
| May 2014 | 2.2% | £1,232pcm |
| May 2013 | 0.7% | £1,206pcm |
| May 2012 | 0.5% | £1,197pcm |
| May 2011 | 1.2% | £1,192pcm |
| May 2010 | 4.6% | £1,178pcm |
| May 2009 | -7.5% | £1,126pcm |
| May 2008 | 3.2% | £1,217pcm |
| May 2007 | 0% | £1,179pcm |
The last sale was on 24th May 2022 for £1,097,124 and since then the market in the area has increased by 1.2%. The building has had a total of 3 sales since 1995.
2, Montpellier Parade, Cheltenham, GL50 1UD has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 2, Montpellier Parade, Cheltenham, GL50 1UD is Cheltenham Spa station which is 1.5 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Montpellier Parade, Cheltenham, GL50 1UD, 47.6% of property is privately owned outright and 36.8% is privately rented.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Montpellier Parade, Cheltenham, GL50 1UD, 5.9% of residents are recorded as possessing school level qualifications and 57.9% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Montpellier Parade, Cheltenham, GL50 1UD, the average age was 41.2 and the most common age was 27.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Montpellier Parade, Cheltenham, GL50 1UD, 4.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Montpellier Parade, Cheltenham, GL50 1UD, there are an average of 1.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.