Feb 07, 2023 by HM

House prices in Hanham (BS15 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Hanham (BS15 3).

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Price per square metre

Knowing the average house price in Hanham 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. 86, Whittucks Road, Hanham, Bristol, sold for £520,000 on Aug-2023. Given the internal area of 138 square metres, the price per sqm is £3,768.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 161 sales in Hanham (BS15 3) 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 Hanham (BS15 3). Of the 161 transactions, half were sold for between £3,460 and £4,380 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,380m². 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 'BS15 3' is £3,770. The table below shows how 'BS15 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BS15 4 Kingswood	£3,140m2	£3,520m2	£3,930m2
BS15 9 Kingswood	£3,290m2	£3,680m2	£4,040m2
BS15 1 Kingswood	£3,190m2	£3,470m2	£3,870m2
BS15 3 Hanham	£3,460m2	£3,770m2	£4,380m2
BS15 8 Kingswood	£3,090m2	£3,540m2	£3,880m2

Will Hanham 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 BS15 3 (Hanham). 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 BS15 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Hanham

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 Hanham. 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 Hanham

Street level data

Street	Avg size	Avg £/m2	Recent sales
High Street, Hanham, BS15 3F	68m2	£4,058	26
Gays Road, Hanham, BS15 3J	98m2	£3,535	16
Church Road, Hanham, BS15 3A	81m2	£3,592	16
Whittucks Road, Hanham, BS15 3P	127m2	£3,514	16
Samuel White Road, Hanham, BS15 3L	103m2	£3,200	15
Malpass Drive, Hanham, BS15 3F	80m2	£3,486	15
Woodyleaze Drive, Hanham, BS15 3B	95m2	£3,252	14
High Street, Hanham, BS15 3H	120m2	£3,133	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Preachers Walk, Hanham, BS15 3F	111m2	£3,426	10

Preachers Walk, Hanham, BS15 3F has seen 10 new build sales in the last 4 years (average price £385,373). These new build homes typically have an internal area of 111 m2, with an average price of £3,426 m2. This £sqm average is £-344 below the average for BS15 3. New builds typically command a £ per sqm premium. In the case of Preachers Walk the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Hanham 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
86, Whittucks Rd, Hanham, Bristol	£520,000 Aug-2023	138	3,768
180, Whittucks Rd, Hanham, Bristol	£715,000 Aug-2023	148	4,831
5 Venton Court, Henbury Rd, Hanham, Bristol	£220,000 Aug-2023	73	3,013

See the entire list of all sales in Hanham (BS15 3) here.