Feb 07, 2023 by HM

House prices in South Horrington Village (BA5 3)

This article reveals price per square metre data and various charts to help you understand current housing market in South Horrington Village (BA5 3).

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Price per square metre

Knowing the average house price in South Horrington Village 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. 25, Everett Close, South Horrington Village, Wells, sold for £260,550 on Aug-2023. Given the internal area of 68 square metres, the price per sqm is £3,831.

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 100 sales in South Horrington Village (BA5 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 South Horrington Village (BA5 3). Of the 100 transactions, half were sold for between £3,340 and £4,540 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,540m². 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 'BA5 3' is £3,830. The table below shows how 'BA5 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA5 1 Wells	£3,100m2	£3,600m2	£4,190m2
BA5 3 South Horrington Village	£3,340m2	£3,830m2	£4,540m2
BA5 2 Wells	£3,090m2	£3,710m2	£4,350m2

Will South Horrington Village 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 BA5 3 (South Horrington Village). 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 BA5 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for South Horrington Village

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 South Horrington Village. 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 South Horrington Village

Street level data

Street	Avg size	Avg £/m2	Recent sales
Bath Road, South Horrington Village, BA5 3H	115m2	£3,670	12
Bekynton Avenue, South Horrington Village, BA5 3N	86m2	£3,760	11
Kings Castle Road, South Horrington Village, BA5 3L	84m2	£3,908	11
Lower Chapel Court, South Horrington Village, BA5 3D	65m2	£2,744	11
Wellesley Lane, South Horrington Village, BA5 3Q	122m2	£4,179	9
Long Street, South Horrington Village, BA5 3Q	135m2	£3,069	9
Frome Road, South Horrington Village, BA5 3D	144m2	£3,732	8
Everett Close, South Horrington Village, BA5 3J	75m2	£3,187	7

Search for your street here.

Raw data

Our analysis of South Horrington Village 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
25, Everett Close, South Horrington Village, Wells	£260,550 Aug-2023	68	3,831
15, Churchill Close, South Horrington Village, Wells	£249,950 Aug-2023	80	3,124
15, Bekynton Avenue, South Horrington Village, Wells	£475,000 Aug-2023	101	4,702

See the entire list of all sales in South Horrington Village (BA5 3) here.