Feb 07, 2023 by HM

House prices in Bedminster (BS3 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Bedminster (BS3 3).

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Price per square metre

Knowing the average house price in Bedminster 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. 7, Stanley Street South, Bedminster, Bristol, sold for £405,000 on Sep-2023. Given the internal area of 89 square metres, the price per sqm is £4,550.

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 238 sales in Bedminster (BS3 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 Bedminster (BS3 3). Of the 238 transactions, half were sold for between £4,060 and £5,130 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,130m². 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 'BS3 3' is £4,560. The table below shows how 'BS3 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BS3 1 Southville	£4,360m2	£4,810m2	£5,310m2
BS3 3 Bedminster	£4,060m2	£4,560m2	£5,130m2
BS3 4 Bedminster	£4,080m2	£4,530m2	£5,040m2
BS3 5 Bedminster	£3,780m2	£4,290m2	£4,900m2
BS3 2 Ashton	£3,940m2	£4,440m2	£5,130m2

Will Bedminster 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 BS3 3 (Bedminster). 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 BS3 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Bedminster

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 Bedminster. 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 Bedminster

Street level data

Street	Avg size	Avg £/m2	Recent sales
Cromwell Street, Bedminster, BS3 3N	59m2	£3,721	34
Skypark Road, Bedminster, BS3 3N	56m2	£3,573	32
Garnet Street, Bedminster, BS3 3J	92m2	£4,484	29
British Road, Bedminster, BS3 3B	82m2	£4,341	28
Chessel Street, Bedminster, BS3 3D	92m2	£4,096	24
Ruby Street, Bedminster, BS3 3D	93m2	£4,383	23
Aubrey Road, Bedminster, BS3 3E	89m2	£4,345	23
Elmdale Road, Bedminster, BS3 3J	86m2	£4,414	21

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Palmyra Road, Bedminster, BS3 3J	80m2	£4,560	9

Palmyra Road, Bedminster, BS3 3J has seen 9 new build sales in the last 4 years (average price £246,246). These new build homes typically have an internal area of 80 m2, with an average price of £4,560 m2. This £sqm average is £0 below the average for BS3 3. New builds typically command a £ per sqm premium. In the case of Palmyra Road 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 Bedminster 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
7, Stanley St South, Bedminster, Bristol	£405,000 Sep-2023	89	4,550
73, Garnet St, Bedminster, Bristol	£490,050 Aug-2023	91	5,385
103, Luckwell Rd, Bedminster, Bristol	£125,000 Aug-2023	111	1,126

See the entire list of all sales in Bedminster (BS3 3) here.