Feb 07, 2023 by HM

House prices in Thornbury (BS35 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Thornbury (BS35 1).


Defining 'BS35 1'

This analysis is limited to properties whose postcode starts with "BS35 1", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Thornbury 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. 58a, Park Road, Thornbury, sold for £650,000 on Feb-2024. Given the internal area of 186 square metres, the price per sqm is £3,494.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 189 sales in Thornbury (BS35 1) that took place in the last two years.

Distribution of £ per sqm for Thornbury (BS35 1)
Distribution of £ per sqm house prices in Thornbury

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 Thornbury (BS35 1). Of the 189 transactions, half were sold for between £3,720 and £4,510 per square metre. The median, or 'middle', price per square metre in 'BS35 1' is £4,130. Notably, only 25% of properties that sold recently were valued at more than £4,510m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Thornbury

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 Thornbury. 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 Thornbury
House price heatmap for Thornbury

Comparison with neighbouring postcode sectors

The table below shows how 'BS35 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS35 2 Thornbury £3,250m2 £3,570m2 £4,210m2
BS35 5 Easter Compton £3,540m2 £4,240m2 £4,480m2
BS35 3 Alveston £3,730m2 £4,270m2 £4,560m2
BS35 4 Severn Beach £3,170m2 £3,650m2 £4,220m2
BS35 1 Thornbury £3,720m2 £4,130m2 £4,510m2

Will Thornbury 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 BS35 1 (Thornbury). 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 BS35 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Thornbury (BS35 1) over time
House price trends for Thornbury

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Badger Road, Thornbury, BS35 1A 107m2 £3,872 28
Charles Close, Thornbury, BS35 1L 88m2 £3,679 16
Stokefield Close, Thornbury, BS35 1B 64m2 £5,199 14
Swallow Park, Thornbury, BS35 1L 94m2 £4,546 14
Deer Park, Thornbury, BS35 1A 117m2 £3,692 12
Scythe Way, Thornbury, BS35 1B 73m2 £4,127 11
Buttercup Road, Thornbury, BS35 1A 107m2 £3,972 10
Harvest Way, Thornbury, BS35 1A 98m2 £3,332 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Barley Fields, Thornbury, BS35 1A 137m2 £3,589 30
Squirrel Crescent, Thornbury, BS35 1B 107m2 £3,664 10
Stokefield Mews, Thornbury, BS35 1B 94m2 £4,338 9

Barley Fields, Thornbury, BS35 1A has seen 30 new build sales in the last 4 years (average price £410,908). These new build homes typically have an internal area of 137 m2, with an average price of £3,589 m2. This £sqm average is £-541 below the average for BS35 1. New builds typically command a £ per sqm premium. In the case of Barley Fields 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 Thornbury 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
58a, Park Rd, Thornbury £650,000
Feb-2024
186 3,494
1, Fulmar Close, Thornbury £440,000
Feb-2024
84 5,238
5, Stokefield Mews, Thornbury £450,000
Jan-2024
109 4,128

See the entire list of all sales in Thornbury (BS35 1) 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.