Cheltenham is a regional shopping centre, home to department stores, the oldest being Cavendish House, from 1823, and centres including the Regent Arcade and the Beechwood Shopping Centre. It is well-known locally for its nightlife, with a wide range of pubs, wine bars, clubs and restaurants. It has a Michelin two-star restaurant, Le Champignon Sauvage.
In 2006, a house valuation web site rated Cheltenham the most desirable property location in Britain
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