The house builder has sold more than 50 per cent of properties at the development in Badgeworth, Gloucestershire.
Crest Nicholson has sold an average of three houses every month since Cheltenham Grange opened in Badgeworth, Gloucestershire, in March 2012.
The development features a range of two, three and four bedroom properties.
Cheltenham Grange is within easy reach of Cheltenham spa town and surrounded by the Cotswold hills, while the M5 is also only a short drive away.
Prices at Cheltenham Grange begin at £224,950 for a three bedroom Huntingdon House, whereas the four bedroom Meadvale property can be bought for £299,950.
Tim Ridges, sales manager for Crest Nicholson's south west division, said: "Cheltenham Grange is a high specification development in a popular and desirable location, so we haven’t been surprised by the positive response we’ve received.
"This development truly offers people the best of both worlds – the chance to enjoy living in the historic setting of a Regency Spa town and benefit from the peace of mind of living in a new build property with brand new fittings, finishes and appliances."
Crest Nicholson has a variety of developments across Britain, including the Ixia site in London, where buyers can choose from a selection of one, two and three bedroom apartments.
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