Feb 07, 2023 by HM

House prices in Bingley (BD16 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Bingley (BD16 4).

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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. 1, Staveley Court, Bingley, sold for £124,400 on Sep-2023. Given the internal area of 77 square metres, the price per sqm is £1,615.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 176 sales in Bingley (BD16 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 Bingley (BD16 4). Of the 176 transactions, half were sold for between £1,830 and £2,780 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,780m². 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 4' is £2,260. The table below shows how 'BD16 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BD16 3 Bingley	£2,670m2	£3,240m2	£3,570m2
BD16 1 Bingley	£1,920m2	£2,290m2	£2,790m2
BD16 4 Bingley	£1,830m2	£2,260m2	£2,780m2
BD16 2 Bingley	£1,780m2	£2,190m2	£2,520m2

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 4 (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 4 and the blue dots are the individual property sales that inform this trend.

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.

House price heatmap for Bingley

Street level data

Street	Avg size	Avg £/m2	Recent sales
The Oval, Bingley, BD16 4R	67m2	£2,194	19
The Locks, Bingley, BD16 4B	92m2	£1,943	16
Norman Street, Bingley, BD16 4J	93m2	£1,458	14
Lady Park Avenue, Bingley, BD16 4U	75m2	£1,844	13
Stanley Street, Bingley, BD16 4N	93m2	£1,822	10
Primrose Lane, Bingley, BD16 4Q	82m2	£3,161	10
Primrose Bank, Bingley, BD16 4R	79m2	£2,042	10
Park Road, Bingley, BD16 4B	144m2	£1,723	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
1, Staveley Court, Bingley	£124,400 Sep-2023	77	1,615
9 Priestley Hall, Lady Park Avenue, Bingley	£78,500 Aug-2023	54	1,453
9, Owens Quay, Bingley	£245,000 Aug-2023	85	2,882

See the entire list of all sales in Bingley (BD16 4) here.