Feb 07, 2023 by HM

House prices in Bradford (BD5 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Bradford (BD5 8).

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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. 110, New Cross Street, Bradford, sold for £70,000 on Sep-2023. Given the internal area of 38 square metres, the price per sqm is £1,842.

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. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 107 sales in Bradford (BD5 8) 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 (BD5 8). Of the 107 transactions, half were sold for between £1,020 and £1,840 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,840m². 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 'BD5 8' is £1,350. The table below shows how 'BD5 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BD5 7 Bradford	£880m2	£1,160m2	£1,450m2
BD5 8 Bradford	£1,020m2	£1,350m2	£1,840m2
BD5 0 Bradford	£810m2	£950m2	£1,160m2
BD5 9 Bradford	£970m2	£1,320m2	£1,710m2

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 BD5 8 (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 BD5 8 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
Sangster Way, Bradford, BD5 8L	59m2	£2,051	11
Hopefield Way, Bradford, BD5 8A	82m2	£2,227	9
Springwood Avenue, Bradford, BD5 8B	84m2	£1,405	9
Mayo Avenue, Bradford, BD5 8H	101m2	£1,475	7
Raymond Drive, Bradford, BD5 8H	70m2	£1,656	7
Birch Lane, Bradford, BD5 8P	94m2	£1,218	6
Parsonage Road, Bradford, BD5 8B	107m2	£750	5
Mayo Drive, Bradford, BD5 8J	76m2	£1,787	5

Search for your street here.

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
110, New Cross St, Bradford	£70,000 Sep-2023	38	1,842
49, Silverdale Rd, Bradford	£55,000 Sep-2023	70	785
131, Woodroyd Rd, Bradford	£77,000 Aug-2023	58	1,327

See the entire list of all sales in Bradford (BD5 8) here.