House prices in BA4 5 (Shepton Mallet)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BA4 5' (Shepton Mallet) - statistics were last calculated on 30 June 2024.

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Defining 'BA4 5'

This analysis is limited to properties whose postcode starts with "BA4 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Shepton Mallet.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. 7, Westfield, Shepton Mallet, sold for £325,000 on May-2024. Given the internal area of 89 square metres, the price per sqm is £3,651.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 162 sales in Shepton Mallet (BA4 5) 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.

The spread of prices will give you a feel of the typical range to expect in Shepton Mallet (BA4 5). Of the 162 transactions, half were sold for between £2,630 and £3,540 per square metre. The median, or 'middle', price per square metre in 'BA4 5' is £3,120. Notably, only 25% of properties that sold recently were valued at more than £3,540 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Shepton Mallet

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 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.

House price heatmap for Shepton Mallet

Comparison with neighbouring postcode sectors

The table below shows how 'BA4 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA4 4 Shepton Mallet	£2,830 sqm	£3,560 sqm	£4,030 sqm
BA4 6 Evercreech	£2,830 sqm	£3,510 sqm	£4,310 sqm
BA4 5 Shepton Mallet	£2,630 sqm	£3,120 sqm	£3,540 sqm

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 chart below for BA4 5 (Shepton Mallet) compared with both the wider area BA4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Shepton Mallet to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Charlton Road, Shepton Mallet, BA4 5F	54 sqm	£2,877	18
Beech Avenue, Shepton Mallet, BA4 5X	70 sqm	£3,482	13
Summerleaze Park, Shepton Mallet, BA4 5F	70 sqm	£2,269	12
Victoria Grove, Shepton Mallet, BA4 5N	78 sqm	£3,001	11
Finch Close, Shepton Mallet, BA4 5G	84 sqm	£3,047	11
Compton Road, Shepton Mallet, BA4 5Q	125 sqm	£2,972	10
Nightingale Grove, Shepton Mallet, BA4 5P	102 sqm	£3,451	9
Whitstone Road, Shepton Mallet, BA4 5P	98 sqm	£3,008	9

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	sqm	£/sqm
7, Westfield, Shepton Mallet	£325,000 May-2024	89	3,651
10 Holmcroft Court, Charlton Rd, Shepton Mallet	£147,500 May-2024	43	3,430
50, Cornwall Rd, Shepton Mallet	£270,000 May-2024	69	3,913

See the entire list of all sales in Shepton Mallet (BA4 5) here.