Feb 07, 2023 by HM

House prices in Bingley (BD16 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Bingley (BD16 3).


Price per square metre

Knowing the average house price in Bingley 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. 26, Sherwood Close, Bingley, sold for £319,000 on Oct-2023. Given the internal area of 64 square metres, the price per sqm is £4,984.

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 122 sales in Bingley (BD16 3) that took place in the last two years.

Distribution of £ per sqm for Bingley (BD16 3)
Distribution of £ per sqm house prices in Bingley

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 Bingley (BD16 3). Of the 122 transactions, half were sold for between £2,680 and £3,630 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,630m2. 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 'BD16 3' is £3,270. The table below shows how 'BD16 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BD16 3 Bingley £2,680m2 £3,270m2 £3,630m2
BD16 1 Bingley £1,920m2 £2,300m2 £2,800m2
BD16 4 Bingley £1,830m2 £2,260m2 £2,760m2
BD16 2 Bingley £1,810m2 £2,190m2 £2,500m2

Will Bingley 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 BD16 3 (Bingley). 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 BD16 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bingley (BD16 3) over time
House price trends for Bingley

Hover on any blue dot to see details of specific sales

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

Price map for Bingley

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 Bingley. 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.

Property price heatmap for Bingley
House price heatmap for Bingley

Street level data

Street Avg size Avg £/m2 Recent sales
Swan Avenue, Bingley, BD16 3P 106m2 £2,725 23
Gilstead Lane, Bingley, BD16 3N 86m2 £2,412 13
Grange Road, Bingley, BD16 3D 99m2 £2,969 11
Bewick Drive, Bingley, BD16 3Q 100m2 £2,931 11
Odile Mews, Bingley, BD16 3Q 69m2 £2,561 11
Rylands Avenue, Bingley, BD16 3N 71m2 £3,276 11
Tulyar Court, Bingley, BD16 3N 122m2 £2,655 9
Warren Lane, Bingley, BD16 3B 113m2 £2,974 9

Search for your street here.

Raw data

Our analysis of Bingley 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
26, Sherwood Close, Bingley £319,000
Oct-2023
64 4,984
25, Cavendish Drive, Bingley £282,000
Aug-2023
86 3,279
37, Glen View Rd, Bingley £550,000
Aug-2023
138 3,985

See the entire list of all sales in Bingley (BD16 3) 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.