Feb 07, 2023 by HM

House prices in Shepton Mallet (BA4 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Shepton Mallet (BA4 4).

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Price per square metre

Knowing the average house price in Shepton Mallet 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. 16, Starling Way, Shepton Mallet, sold for £201,000 on Oct-2023. Given the internal area of 56 square metres, the price per sqm is £3,589.

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 99 sales in Shepton Mallet (BA4 4) 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 Shepton Mallet (BA4 4). Of the 99 transactions, half were sold for between £3,030 and £4,070 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,070m². 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 'BA4 4' is £3,560. The table below shows how 'BA4 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA4 4 Shepton Mallet	£3,030m2	£3,560m2	£4,070m2
BA4 6 Evercreech	£2,830m2	£3,580m2	£4,290m2
BA4 5 Shepton Mallet	£2,410m2	£2,950m2	£3,420m2

Will Shepton Mallet 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 BA4 4 (Shepton Mallet). 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 BA4 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Shepton Mallet

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 Shepton Mallet. 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 Shepton Mallet

Street level data

Street	Avg size	Avg £/m2	Recent sales
Walnut Grove, Shepton Mallet, BA4 4H	94m2	£2,779	12
Hobbs Road, Shepton Mallet, BA4 4L	95m2	£2,592	11
Bourke Road, Shepton Mallet, BA4 4F	79m2	£3,412	9
Tanyard Lane, Shepton Mallet, BA4 4A	184m2	£3,194	7
Clarks Meadow, Shepton Mallet, BA4 4F	80m2	£3,065	7
Nalder Close, Shepton Mallet, BA4 4H	89m2	£2,196	7
Top Street, Shepton Mallet, BA4 4D	120m2	£4,344	5
Chelynch Road, Shepton Mallet, BA4 4P	95m2	£4,387	5

Search for your street here.

Raw data

Our analysis of Shepton Mallet 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
16, Starling Way, Shepton Mallet	£201,000 Oct-2023	56	3,589
Manzano, St Marys Lane, Shepton Mallet	£665,000 Sep-2023	175	3,800
14, Chi Rio Close, Shepton Mallet	£165,000 Sep-2023	44	3,750

See the entire list of all sales in Shepton Mallet (BA4 4) here.