Feb 07, 2023 by HM

House prices in Radstock (BA3 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Radstock (BA3 3).

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Price per square metre

Knowing the average house price in Radstock 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. 14, Acacia Road, Radstock, Midsomer Norton, sold for £290,000 on Sep-2023. Given the internal area of 76 square metres, the price per sqm is £3,815.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 223 sales in Radstock (BA3 3) that took place in the last two years.

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 Radstock (BA3 3). Of the 223 transactions, half were sold for between £2,910 and £3,720 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,720m². 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 'BA3 3' is £3,260. The table below shows how 'BA3 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA3 4 Midsomer Norton	£3,200m2	£3,610m2	£4,100m2
BA3 2 Midsomer Norton	£2,970m2	£3,470m2	£4,010m2
BA3 3 Radstock	£2,910m2	£3,260m2	£3,720m2
BA3 5 Coleford	£2,990m2	£3,560m2	£4,130m2

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

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

Price map for Radstock

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 Radstock. 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 Radstock

Street level data

Street	Avg size	Avg £/m2	Recent sales
Frome Road, Radstock, BA3 3L	109m2	£3,043	15
Frome Road, Radstock, BA3 3F	57m2	£2,911	13
Bath Old Road, Radstock, BA3 3H	107m2	£2,641	13
Nelson Ward Drive, Radstock, BA3 3F	91m2	£3,109	13
Welton Road, Radstock, BA3 3U	80m2	£3,039	12
Birch Road, Radstock, BA3 3T	65m2	£3,464	12
Bristol Road, Radstock, BA3 3E	130m2	£3,400	12
Waterloo Road, Radstock, BA3 3E	72m2	£3,133	11

Search for your street here.

Raw data

Our analysis of Radstock 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
14, Acacia Rd, Radstock, Midsomer Norton	£290,000 Sep-2023	76	3,815
24, Tyning Hill, Radstock, Midsomer Norton	£300,000 Aug-2023	80	3,750
54, Nelson Ward Drive, Radstock, Midsomer Norton	£300,000 Aug-2023	81	3,703

See the entire list of all sales in Radstock (BA3 3) here.