# House prices in BS34 8 (Stoke Gifford)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BS34 8' (Stoke Gifford, Patchway) - statistics were last calculated on 31 July 2024.

## Defining 'BS34 8'

This analysis is limited to properties whose postcode starts with "BS34 8", 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 Stoke Gifford.

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 Stoke Gifford 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. 8, Manor Place, Stoke Gifford, Patchway, sold for £268,000 on May-2024. Given the internal area of 60 square metres, the price per sqm is £4,466.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 199 sales in Stoke Gifford (BS34 8) that took place in the last two years.

##### Distribution of £ per sqm for Stoke Gifford, Patchway
Distribution of £ per sqm house prices in Stoke Gifford

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 Stoke Gifford (BS34 8). Of the 199 transactions, half were sold for between £3,990 and £4,920 per square metre. The median, or 'middle', price per square metre in 'BS34 8' is £4,440. Notably, only 25% of properties that sold recently were valued at more than £4,920 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 Stoke Gifford, Patchway

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 Patchway. 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.

House price heatmap for Stoke Gifford, Patchway

## Comparison with neighbouring postcode sectors

The table below shows how 'BS34 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS34 6 Little Stoke £3,570 sqm £4,130 sqm £4,500 sqm
BS34 7 Filton £3,250 sqm £3,800 sqm £4,340 sqm
BS34 8 Stoke Gifford £3,990 sqm £4,440 sqm £4,920 sqm
BS34 5 Patchway £3,320 sqm £3,750 sqm £4,200 sqm

## Will Patchway 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 BS34 8 (Stoke Gifford) compared with both the wider area BS34 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 Stoke Gifford,Patchway
House price trends for Stoke Gifford

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 BS34 8 sales
Recent trends for Stoke Gifford

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 Patchway 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 Patchway 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
Bakers Ground, Stoke Gifford, BS34 8G 93 sqm £4,349 32
Sorrel Place, Stoke Gifford, BS34 8A 93 sqm £3,859 24
Kings Drive, Stoke Gifford, BS34 8R 96 sqm £3,563 21
New Road, Stoke Gifford, BS34 8T 69 sqm £4,195 20
Whitley Mead, Stoke Gifford, BS34 8X 67 sqm £4,155 19
Field Farm Close, Stoke Gifford, BS34 8X 89 sqm £4,759 15
Rock Lane, Stoke Gifford, BS34 8P 109 sqm £3,905 14
Sandringham Road, Stoke Gifford, BS34 8P 76 sqm £4,552 12

## Raw data

Our analysis of Stoke Gifford 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.

8, Manor Pl, Stoke Gifford, Patchway £268,000
May-2024
60 4,466
107, Kings Drive, Stoke Gifford, Patchway £300,000
May-2024
86 3,488
219, New Rd, Stoke Gifford, Patchway £320,000
Apr-2024
62 5,161