Promenade - GL50 1LY
Key Postcode Insights
GL50 1LY is a residential postcode situated on Promenade, Cheltenham, GL50 with 2 addresses.
It ranks as the 41st largest and 572nd most expensive of the 719 postcodes in the GL50 area.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £520,117
- 10 Year change
- up 32.8%
- Ave. Rental Price
- £1,696pcm
- 10 Year change
- up 60.5%
- Ave. £ per ft²
- £457/ft²
- Ave. Gross Yield
- 3.9%/year/yr
Key Postcode Insights
GL50 1LY is a residential postcode situated on Promenade, Cheltenham, GL50 with 2 addresses.
It ranks as the 41st largest and 572nd most expensive of the 719 postcodes in the GL50 area.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £520,117
- 10 Year change
- up 32.8%
- Ave. Rental Price
- £1,696pcm
- 10 Year change
- up 60.5%
- Ave. £ per ft²
- £457/ft²
- Ave. Gross Yield
- 3.9%/year/yr
Sales Market Trends
The last sale in GL50 1LY sold for £1,216,000 on 28th June 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £520,117.
The GL50 1LY Sales Market has increased by 32.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.3% | £520,117 |
| June 2025 | 1.7% | £521,740 |
| June 2024 | -0.4% | £512,838 |
| June 2023 | 0.2% | £514,939 |
| June 2022 | 8.2% | £513,796 |
| June 2021 | 0.9% | £474,738 |
| June 2020 | 7.8% | £470,292 |
| June 2019 | -1.1% | £436,138 |
| June 2018 | 5.7% | £440,907 |
| June 2017 | 6.5% | £417,282 |
| June 2016 | 6.2% | £391,790 |
| June 2015 | 2.4% | £369,087 |
| June 2014 | 6.9% | £360,513 |
| June 2013 | 2.7% | £337,365 |
| June 2012 | 1.4% | £328,513 |
| June 2011 | 0.1% | £323,987 |
| June 2010 | 13.8% | £323,551 |
| June 2009 | -8.2% | £284,343 |
| June 2008 | -3% | £309,845 |
| June 2007 | 0% | £319,361 |
Rental Market Trends
The current average rental value in the postcode is £1,696.
The GL50 1LY Rental Market has increased by 60.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.7% | £1,696pcm |
| June 2025 | 5.8% | £1,635pcm |
| June 2024 | 8.6% | £1,545pcm |
| June 2023 | 11.1% | £1,423pcm |
| June 2022 | 7.5% | £1,281pcm |
| June 2021 | 5.6% | £1,192pcm |
| June 2020 | 1% | £1,129pcm |
| June 2019 | 1% | £1,117pcm |
| June 2018 | 3.5% | £1,106pcm |
| June 2017 | 1.1% | £1,068pcm |
| June 2016 | 4.2% | £1,057pcm |
| June 2015 | 5.4% | £1,014pcm |
| June 2014 | 2.8% | £962pcm |
| June 2013 | 1.4% | £936pcm |
| June 2012 | 0.5% | £923pcm |
| June 2011 | 2.8% | £919pcm |
| June 2010 | 7.5% | £894pcm |
| June 2009 | -5.2% | £832pcm |
| June 2008 | 2.9% | £877pcm |
| June 2007 | 0% | £853pcm |
Sales History
The last sale was on 28th June 2023 for £1,216,000 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
GL50 1LY has seen 1 sale in the last three years and no sales in the last twelve months.
Nearby Postcodes
GL50 1LY is the 41st largest and the 572nd most expensive postcode out of the 719 postcodes in the GL50 area.
- GL50 1HA, Regent Street, Cheltenham, GL50GL50 1HA1 Addresses|42 m away
- GL50 1JD, Ormond Place, Cheltenham, GL50GL50 1JD2 Addresses|51 m away
- GL50 3PB, Royal Well Road, Cheltenham, GL50GL50 3PB2 Addresses|84 m away
- GL50 1HE, Regent Street, Cheltenham, GL50GL50 1HE11 Addresses|85 m away
- GL50 1HR, Ormond Terrace, Cheltenham, GL50GL50 1HR6 Addresses|88 m away
Property Types
- 2 other addresses of unknown type
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 0 properties.
- The most common rating is no_epc_ratings.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (2)
Top 3 Most Expensive Sales
- Sold Dec 2017£4,350,000 | 2 Bed FlatFlat 1, 82, Promenade, Cheltenham, GL50 1NBFlat 1, 82, Promenade, Cheltenham, GL50 1NB
- Sold Jun 2017£3,750,000 | 4 Bed House43, Promenade, Cheltenham, GL50 1LE43, Promenade, Cheltenham, GL50 1LE
- Sold Sep 2015£2,900,000 | 5 Bed House112-118, Promenade, Cheltenham, GL50 1NL112-118, Promenade, Cheltenham, GL50 1NL
Schools Nearby
- The Catholic School of Saint Gregory the Great500 m away
- St John's Church of England Primary School500 m away
- Holy Trinity Church of England Primary School600 m away
- Pittville School1.5 km away
- Cheltenham Bournside School and Sixth Form Centre2.2 km away
- The High School Leckhampton2.7 km away
More reading links
Public Transport Nearby
The closest station to GL50 1LY is Cheltenham Spa station, which is 1.6 kilometres away.
- Cheltenham Spa|1.6 km away
- Ashchurch for Tewkesbury|11.3 km away
- Gloucester|11.8 km away
- Stroud (Gloucs)|19.8 km away
