Feb 07, 2023 by HM

House prices in Midsomer Norton (BA3 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Midsomer Norton (BA3 2).


Defining 'BA3 2'

This analysis is limited to properties whose postcode starts with "BA3 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 Midsomer Norton 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. 50, Wheelers Road, Midsomer Norton, sold for £233,000 on Jan-2024. Given the internal area of 62 square metres, the price per sqm is £3,758.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 236 sales in Midsomer Norton (BA3 2) that took place in the last two years.

Distribution of £ per sqm for Midsomer Norton (BA3 2)
Distribution of £ per sqm house prices in Midsomer Norton

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 Midsomer Norton (BA3 2). Of the 236 transactions, half were sold for between £3,010 and £4,040 per square metre. The median, or 'middle', price per square metre in 'BA3 2' is £3,520. Notably, only 25% of properties that sold recently were valued at more than £4,040m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Midsomer Norton

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 Midsomer Norton. 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 Midsomer Norton
House price heatmap for Midsomer Norton

Comparison with neighbouring postcode sectors

The table below shows how 'BA3 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA3 2 Midsomer Norton £3,010m2 £3,520m2 £4,040m2
BA3 3 Radstock £2,950m2 £3,300m2 £3,780m2
BA3 5 Coleford £3,020m2 £3,610m2 £4,070m2
BA3 4 Midsomer Norton £3,240m2 £3,630m2 £4,190m2

Will Midsomer Norton 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 BA3 2 (Midsomer Norton). 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 BA3 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Midsomer Norton (BA3 2) over time
House price trends for Midsomer Norton

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Radstock Road, Midsomer Norton, BA3 2A 78m2 £2,849 22
Welton Grove, Midsomer Norton, BA3 2T 86m2 £3,731 20
North Road, Midsomer Norton, BA3 2Q 137m2 £3,274 19
Rackvernal Road, Midsomer Norton, BA3 2U 67m2 £3,211 12
High Meadows, Midsomer Norton, BA3 2R 88m2 £3,621 11
Church Court, Midsomer Norton, BA3 2J 52m2 £3,315 11
Rock Road, Midsomer Norton, BA3 2A 81m2 £2,717 11
Riverside Gardens, Midsomer Norton, BA3 2N 87m2 £3,446 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
The Island, Midsomer Norton, BA3 2F 52m2 £2,878 9

The Island, Midsomer Norton, BA3 2F has seen 9 new build sales in the last 4 years (average price £149,590). These new build homes typically have an internal area of 52 m2, with an average price of £2,878 m2. This £sqm average is £-642 below the average for BA3 2. New builds typically command a £ per sqm premium. In the case of The Island 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 Midsomer Norton 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
50, Wheelers Rd, Midsomer Norton £233,000
Jan-2024
62 3,758
48, Blackberry Way, Midsomer Norton £450,000
Jan-2024
135 3,333
54, High Meadows, Midsomer Norton £260,000
Dec-2023
70 3,714

See the entire list of all sales in Midsomer Norton (BA3 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.