Feb 07, 2023 by HM

House prices in Bradford (BD2 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Bradford (BD2 1).

---

Price per square metre

Knowing the average house price in Bradford 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. 53, Kingsway, Bradford, sold for £165,000 on Aug-2023. Given the internal area of 124 square metres, the price per sqm is £1,330.

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 168 sales in Bradford (BD2 1) 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 Bradford (BD2 1). Of the 168 transactions, half were sold for between £1,670 and £2,450 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,450m². 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 'BD2 1' is £2,040. The table below shows how 'BD2 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BD2 1 Bradford	£1,670m2	£2,040m2	£2,450m2
BD2 2 Bradford	£1,480m2	£1,860m2	£2,270m2
BD2 4 Bradford	£1,480m2	£1,930m2	£2,250m2
BD2 3 Bradford	£1,360m2	£1,670m2	£2,050m2

Will Bradford 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 BD2 1 (Bradford). 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 BD2 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Bradford

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 Bradford. 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 Bradford

Street level data

Street	Avg size	Avg £/m2	Recent sales
Kings Road, Bradford, BD2 1N	72m2	£2,058	28
Willow Crescent, Bradford, BD2 1L	100m2	£2,218	13
Cheltenham Road, Bradford, BD2 1Q	77m2	£1,955	12
Wrose Road, Bradford, BD2 1P	77m2	£2,307	12
Kings Drive, Bradford, BD2 1P	63m2	£2,634	11
Kingsway, Bradford, BD2 1P	80m2	£1,969	10
Midland Terrace, Bradford, BD2 1A	73m2	£1,272	9
Oswin Gardens, Bradford, BD2 1D	70m2	£2,182	9

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Poplars Park Road, Bradford, BD2 1F	75m2	£2,250	15

Poplars Park Road, Bradford, BD2 1F has seen 15 new build sales in the last 4 years (average price £209,103). These new build homes typically have an internal area of 75 m2, with an average price of £2,250 m2. This £sqm average is £210 above the average for BD2 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Bradford 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
53, Kingsway, Bradford	£165,000 Aug-2023	124	1,330
52, Drovers Way, Bradford	£135,000 Aug-2023	56	2,410
306, Kings Rd, Bradford	£135,000 Aug-2023	68	1,985

See the entire list of all sales in Bradford (BD2 1) here.