Feb 07, 2023 by HM

House prices in Redcliffe (BS1 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Redcliffe (BS1 6).

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Price per square metre

Knowing the average house price in Redcliffe 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. Flat 11 Raphael Court, Somerset Street, Redcliffe, Bristol, sold for £217,000 on Aug-2023. Given the internal area of 48 square metres, the price per sqm is £4,520.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 140 sales in Redcliffe (BS1 6) 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 Redcliffe (BS1 6). Of the 140 transactions, half were sold for between £4,220 and £5,680 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,680m². 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 6' is £5,050. The table below shows how 'BS1 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BS1 3 Bristol	£5,040m2	£5,270m2	£5,940m2
BS1 4 Bristol	£4,550m2	£5,080m2	£5,750m2
BS1 5 Bristol	£4,090m2	£4,590m2	£5,260m2
BS1 6 Redcliffe	£4,220m2	£5,050m2	£5,680m2
BS1 1 Bristol	£3,780m2	£4,510m2	£4,900m2
BS1 2 Bristol	£5,200m2	£5,490m2	£5,960m2

Will Redcliffe 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 6 (Redcliffe). 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 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Redcliffe

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 Redcliffe. 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 Redcliffe

Street level data

Street	Avg size	Avg £/m2	Recent sales
Gaol Ferry Steps, Redcliffe, BS1 6U	62m2	£5,286	36
Guinea Street, Redcliffe, BS1 6S	94m2	£5,049	24
Redcliff Mead Lane, Redcliffe, BS1 6F	42m2	£5,180	20
Cumberland Road, Redcliffe, BS1 6U	89m2	£5,423	17
Ferry Street, Redcliffe, BS1 6H	52m2	£4,814	15
Redcliff Street, Redcliffe, BS1 6L	80m2	£4,015	13
Gas Ferry Road, Redcliffe, BS1 6G	54m2	£4,253	13
Caledonian Road, Redcliffe, BS1 6J	100m2	£5,411	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
French Yard, Redcliffe, BS1 6U	69m2	£5,563	11

French Yard, Redcliffe, BS1 6U has seen 11 new build sales in the last 4 years (average price £407,358). These new build homes typically have an internal area of 69 m2, with an average price of £5,563 m2. This £sqm average is £513 above the average for BS1 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Redcliffe 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
Flat 11 Raphael Court, Somerset St, Redcliffe, Bristol	£217,000 Aug-2023	48	4,520
17 The General, Guinea St, Redcliffe, Bristol	£380,000 Aug-2023	65	5,846
Flat 11 Raphael Court, Somerset St, Redcliffe, Bristol	£200,000 Aug-2023	48	4,166

See the entire list of all sales in Redcliffe (BS1 6) here.