Feb 07, 2023 by HM

# House prices in Bristol (BS1 5)

## Price per square metre

Knowing the average house price in Bristol 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. Apartment 42 10, Unity Street, Bristol, sold for £435,000 on Sep-2023. Given the internal area of 105 square metres, the price per sqm is £4,142.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 71 sales in Bristol (BS1 5) that took place in the last two years.

##### Distribution of £ per sqm for Bristol (BS1 5)
Distribution of £ per sqm house prices in Bristol

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 Bristol (BS1 5). Of the 71 transactions, half were sold for between £4,090 and £5,270 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,270m2. 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 'BS1 5' is £4,620. The table below shows how 'BS1 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS1 4 Bristol £4,550m2 £4,920m2 £5,650m2
BS1 5 Bristol £4,090m2 £4,620m2 £5,270m2
BS1 6 Redcliffe £4,320m2 £5,060m2 £5,680m2
BS1 3 Bristol £5,030m2 £5,240m2 £5,970m2
BS1 1 Bristol £3,780m2 £4,510m2 £4,900m2
BS1 2 Bristol £5,230m2 £5,490m2 £5,960m2

## Will Bristol 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 BS1 5 (Bristol). 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 BS1 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Bristol (BS1 5) over time
House price trends for Bristol

Hover on any blue dot to see details of specific sales

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

## Price map for Bristol

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 Bristol. 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 Bristol

## Street level data

Street Avg size Avg £/m2 Recent sales
Deanery Road, Bristol, BS1 5Q 80m2 £4,701 22
Hannover Quay, Bristol, BS1 5J 74m2 £4,651 20
Millennium Promenade, Bristol, BS1 5S 61m2 £5,610 16
Lime Kiln Road, Bristol, BS1 5A 65m2 £2,407 11
Cathedral Walk, Bristol, BS1 5J 57m2 £2,758 9
Charlotte Street, Bristol, BS1 5P 75m2 £5,138 8
Hobbs Lane, Bristol, BS1 5E 85m2 £4,235 7
Colston Street, Bristol, BS1 5A 47m2 £4,245 7

## Raw data

Our analysis of Bristol 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.