Feb 07, 2023 by HM

House prices in Oldfield Park (BA2 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Oldfield Park (BA2 3).


Price per square metre

Knowing the average house price in Oldfield Park 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. 8 Highgate, Longmead Terrace, Oldfield Park, Bath, sold for £250,000 on Sep-2023. Given the internal area of 52 square metres, the price per sqm is £4,807.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 221 sales in Oldfield Park (BA2 3) that took place in the last two years.

Distribution of £ per sqm for Oldfield Park (BA2 3)
Distribution of £ per sqm house prices in Oldfield Park

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 Oldfield Park (BA2 3). Of the 221 transactions, half were sold for between £4,100 and £5,250 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,250m2. 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 'BA2 3' is £4,690. The table below shows how 'BA2 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA2 5 Combe Down £4,210m2 £4,950m2 £5,820m2
BA2 9 Corston £4,040m2 £5,000m2 £5,720m2
BA2 0 Timsbury £3,240m2 £3,780m2 £4,370m2
BA2 1 Twerton £3,570m2 £4,060m2 £4,570m2
BA2 3 Oldfield Park £4,100m2 £4,690m2 £5,250m2
BA2 6 Bathampton £4,750m2 £5,880m2 £7,030m2
BA2 8 Peasedown St John £3,190m2 £3,660m2 £4,230m2
BA2 2 Odd Down £3,720m2 £4,140m2 £4,640m2
BA2 4 Bathwick £4,710m2 £5,430m2 £6,760m2
BA2 7 Limpley Stoke £4,310m2 £5,220m2 £6,290m2

Will Oldfield Park 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 BA2 3 (Oldfield Park). 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 BA2 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Oldfield Park (BA2 3) over time
House price trends for Oldfield Park

Hover on any blue dot to see details of specific sales

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

Price map for Oldfield Park

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 Oldfield Park. 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.

Property price heatmap for Oldfield Park
House price heatmap for Oldfield Park

Street level data

Street Avg size Avg £/m2 Recent sales
West Avenue, Oldfield Park, BA2 3Q 100m2 £4,231 20
Longmead Terrace, Oldfield Park, BA2 3W 81m2 £5,318 19
Victoria Bridge Road, Oldfield Park, BA2 3F 59m2 £4,884 18
Lower Oldfield Park, Oldfield Park, BA2 3H 119m2 £4,162 16
Wells Road, Oldfield Park, BA2 3A 117m2 £4,751 12
Faulkland Road, Oldfield Park, BA2 3L 92m2 £4,321 12
Melcombe Road, Oldfield Park, BA2 3L 65m2 £4,125 11
Third Avenue, Oldfield Park, BA2 3N 90m2 £4,752 11

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Midland Road, Oldfield Park, BA2 3G 78m2 £5,880 19

Midland Road, Oldfield Park, BA2 3G has seen 19 new build sales in the last 4 years (average price £463,136). These new build homes typically have an internal area of 78 m2, with an average price of £5,880 m2. This £sqm average is £1190 above the average for BA2 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Oldfield Park 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
8 Highgate, Longmead Terrace, Oldfield Park, Bath £250,000
Sep-2023
52 4,807
5, Cynthia Rd, Oldfield Park, Bath £636,000
Sep-2023
149 4,268
3, St Marys Buildings, Oldfield Park, Bath £1,077,500
Sep-2023
164 6,570

See the entire list of all sales in Oldfield Park (BA2 3) 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.