Feb 07, 2023 by HM

House prices in Weston-Super-Mare (BS23 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Weston-Super-Mare (BS23 4).


Price per square metre

Knowing the average house price in Weston-Super-Mare 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. 33, Stanhope Road, Weston-Super-Mare, sold for £366,000 on Aug-2023. Given the internal area of 142 square metres, the price per sqm is £2,577.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 222 sales in Weston-Super-Mare (BS23 4) that took place in the last two years.

Distribution of £ per sqm for Weston-Super-Mare (BS23 4)
Distribution of £ per sqm house prices in Weston-Super-Mare

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 Weston-Super-Mare (BS23 4). Of the 222 transactions, half were sold for between £2,490 and £3,380 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,380m2. 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 'BS23 4' is £2,830. The table below shows how 'BS23 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS23 2 Weston-Super-Mare £2,190m2 £2,590m2 £3,090m2
BS23 4 Weston-Super-Mare £2,490m2 £2,830m2 £3,380m2
BS23 3 Weston-Super-Mare £2,230m2 £2,480m2 £2,940m2
BS23 1 Weston-Super-Mare £2,020m2 £2,280m2 £2,680m2

Will Weston-Super-Mare 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 BS23 4 (Weston-Super-Mare). 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 BS23 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Weston-Super-Mare (BS23 4) over time
House price trends for Weston-Super-Mare

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Weston-Super-Mare 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 Weston-Super-Mare data or any other data I am given.

Price map for Weston-Super-Mare

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 Weston-Super-Mare. 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.

Property price heatmap for Weston-Super-Mare
House price heatmap for Weston-Super-Mare

Street level data

Street Avg size Avg £/m2 Recent sales
Moorland Road, Weston-Super-Mare, BS23 4H 96m2 £2,213 27
Quantock Road, Weston-Super-Mare, BS23 4D 124m2 £2,620 23
Clarence Road North, Weston-Super-Mare, BS23 4A 77m2 £2,675 22
Totterdown Road, Weston-Super-Mare, BS23 4L 102m2 £2,681 22
Royal Sands, Weston-Super-Mare, BS23 4N 93m2 £3,510 20
Beach Road, Weston-Super-Mare, BS23 4A 57m2 £2,955 17
Clarence Road East, Weston-Super-Mare, BS23 4B 63m2 £2,536 15
Charlton Road, Weston-Super-Mare, BS23 4H 127m2 £2,719 13

Search for your street here.

Raw data

Our analysis of Weston-Super-Mare 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
33, Stanhope Rd, Weston-Super-Mare £366,000
Aug-2023
142 2,577
33, Thornbury Drive, Weston-Super-Mare £517,500
Aug-2023
204 2,536
44, Wingard Close, Weston-Super-Mare £450,000
Aug-2023
119 3,781

See the entire list of all sales in Weston-Super-Mare (BS23 4) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.