Feb 07, 2023 by HM

House prices in Bath (BA1 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Bath (BA1 2).


Defining 'BA1 2'

This analysis is limited to properties whose postcode starts with "BA1 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Bath is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. First Floor Flat 27, Park Street, Bath, sold for £460,000 on Feb-2024. Given the internal area of 84 square metres, the price per sqm is £5,476.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 140 sales in Bath (BA1 2) that took place in the last two years.

Distribution of £ per sqm for Bath (BA1 2)
Distribution of £ per sqm house prices in Bath

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Bath (BA1 2). Of the 140 transactions, half were sold for between £4,500 and £6,620 per square metre. The median, or 'middle', price per square metre in 'BA1 2' is £5,740. Notably, only 25% of properties that sold recently were valued at more than £6,620m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Bath

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Bath. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

Property price heatmap for Bath
House price heatmap for Bath

Comparison with neighbouring postcode sectors

The table below shows how 'BA1 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA1 7 Batheaston £4,030m2 £4,850m2 £5,750m2
BA1 1 Bath £4,490m2 £4,820m2 £6,000m2
BA1 2 Bath £4,500m2 £5,740m2 £6,620m2
BA1 5 Lansdown £4,900m2 £5,900m2 £7,190m2
BA1 4 Weston £4,040m2 £4,730m2 £5,360m2
BA1 9 Lansdown £4,940m2 £5,350m2 £5,930m2
BA1 6 Larkhall £4,400m2 £5,090m2 £5,740m2
BA1 3 Lower Weston £4,330m2 £5,000m2 £5,510m2
BA1 8 Upper Swainswick £4,960m2 £5,430m2 £5,890m2

Will Bath house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BA1 2 (Bath). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BA1 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bath (BA1 2) over time
House price trends for Bath

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Bath and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Bath data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Portland Place, Bath, BA1 2R 74m2 £5,057 17
Rivers Street, Bath, BA1 2Q 98m2 £5,283 16
Cranwells Park, Bath, BA1 2Y 131m2 £6,099 13
Brock Street, Bath, BA1 2L 103m2 £6,838 12
Alfred Street, Bath, BA1 2Q 59m2 £5,582 12
St James's Park, Bath, BA1 2S 108m2 £6,431 10
Great Stanhope Street, Bath, BA1 2B 55m2 £4,266 10
New King Street, Bath, BA1 2B 85m2 £4,737 9

Search for your street here.

Raw data

Our analysis of Bath is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid m2 £/m2
First Floor Flat 27, Park St, Bath £460,000
Feb-2024
84 5,476
Flat 2 26, Marlborough Buildings, Bath £400,000
Feb-2024
53 7,547
Flat 6 Norfolk Court, Nelson Lane, Bath £167,000
Feb-2024
37 4,513

See the entire list of all sales in Bath (BA1 2) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.