Feb 07, 2023 by HM

# House prices in Rode (BA11 6)

## Price per square metre

Knowing the average house price in Rode 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. 6, Turnstone Close, Rode, Frome, sold for £487,500 on Aug-2023. Given the internal area of 107 square metres, the price per sqm is £4,556.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 47 sales in Rode (BA11 6) that took place in the last two years.

##### Distribution of £ per sqm for Rode (BA11 6)
Distribution of £ per sqm house prices in Rode

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.

That said, the spread of prices will give you a feel of the typical range to expect in Rode (BA11 6). Of the 47 transactions, half were sold for between £3,670 and £4,730 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,730m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BA11 6' is £4,310. The table below shows how 'BA11 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA11 6 Rode £3,670m2 £4,310m2 £4,730m2
BA11 1 Frome £3,010m2 £3,670m2 £4,160m2
BA11 5 Frome £3,280m2 £3,760m2 £4,240m2
BA11 2 Frome £3,590m2 £4,040m2 £4,500m2
BA11 4 Frome £3,350m2 £3,730m2 £4,380m2
BA11 3 Frome £3,250m2 £3,790m2 £4,320m2

## Will Rode 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 BA11 6 (Rode). 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 BA11 6 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Rode (BA11 6) over time
House price trends for Rode

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Rode 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 Rode data or any other data I am given.

## Price map for Rode

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Rode. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Rode

## Street level data

Street Avg size Avg £/m2 Recent sales
Goose Street, Rode, BA11 6S 94m2 £4,408 11
Lower Street, Rode, BA11 6P 123m2 £4,212 10
Frome Road, Rode, BA11 6T 118m2 £4,448 7
Church Lane, Rode, BA11 6P 125m2 £3,629 6
High Street, Rode, BA11 6N 159m2 £3,526 6
Frome Road, Rode, BA11 6P 134m2 £1,971 5
Fairfield, Rode, BA11 6Q 93m2 £3,956 5
Mill Lane, Rode, BA11 6S 174m2 £4,117 5

## New build activity

Street Avg size Avg £/m2 New build sales
St Lawrence Lane, Rode, BA11 6A 153m2 £3,947 12
Turnstone Close, Rode, BA11 6A 110m2 £3,838 11

St Lawrence Lane, Rode, BA11 6A has seen 12 new build sales in the last 4 years (average price £606,154). These new build homes typically have an internal area of 153 m2, with an average price of £3,947 m2. This £sqm average is £-363 below the average for BA11 6. New builds typically command a £ per sqm premium. In the case of St Lawrence Lane the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Rode 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.