House prices in BS3 4 (Bristol)

This article reveals price per square metre data and various charts to help you understand current housing market in Bristol (BS3 4).


Defining 'BS3 4'

This analysis is limited to properties whose postcode starts with "BS3 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Bristol.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

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. 7, Hill Avenue, Bristol, sold for £400,000 on Mar-2024. Given the internal area of 89 square metres, the price per sqm is £4,494.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 273 sales in Bristol (BS3 4) that took place in the last two years.

Distribution of £ per sqm for Bristol
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.

The spread of prices will give you a feel of the typical range to expect in Bristol (BS3 4). Of the 273 transactions, half were sold for between £4,070 and £4,960 per square metre. The median, or 'middle', price per square metre in 'BS3 4' is £4,500. Notably, only 25% of properties that sold recently were valued at more than £4,960 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Bristol

Do have a look at the interactive price map I created. 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.

Property price heatmap for Bristol
House price heatmap for Bristol

Comparison with neighbouring postcode sectors

The table below shows how 'BS3 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS3 5 Bristol £3,910 sqm £4,370 sqm £4,970 sqm
BS3 3 Bristol £4,080 sqm £4,600 sqm £5,170 sqm
BS3 1 Southville £4,400 sqm £4,880 sqm £5,330 sqm
BS3 2 Bristol £3,990 sqm £4,620 sqm £5,150 sqm
BS3 4 Bristol £4,070 sqm £4,500 sqm £4,960 sqm

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 chart below for BS3 4 (Bristol) compared with both the wider area BS3 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Bristol,Bristol
House price trends for Bristol

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent BS3 4 sales
Recent trends for Bristol

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Bristol to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street Avg size Avg £sqm Recent sales
Norfolk Place, Bristol, BS3 4A 65 sqm £4,563 30
Dunkerry Road, Bristol, BS3 4L 98 sqm £4,313 23
Cotswold Road, Bristol, BS3 4N 101 sqm £4,239 20
Hill Avenue, Bristol, BS3 4S 100 sqm £4,576 18
Stevens Crescent, Bristol, BS3 4U 92 sqm £3,957 18
Gwilliam Street, Bristol, BS3 4L 99 sqm £4,162 18
New Charlotte Street, Bristol, BS3 4A 47 sqm £4,063 17
Oxford Street, Bristol, BS3 4R 96 sqm £3,663 17

Search for your street here.

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.

Address Paid sqm £/sqm
7, Hill Avenue, Bristol £400,000
Mar-2024
89 4,494
3, Gwilliam St, Bristol £488,000
Mar-2024
116 4,206
14, Church Rd, Bristol £436,000
Mar-2024
92 4,739

See the entire list of all sales in Bristol (BS3 4) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.