Feb 07, 2023 by HM

House prices in Severn Beach (BS35 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Severn Beach (BS35 4).


Price per square metre

Knowing the average house price in Severn Beach 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. 2, Wick Road, Severn Beach, Thornbury, sold for £282,500 on Sep-2023. Given the internal area of 89 square metres, the price per sqm is £3,174.

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. £3,800-£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 89 sales in Severn Beach (BS35 4) that took place in the last two years.

Distribution of £ per sqm for Severn Beach (BS35 4)
Distribution of £ per sqm house prices in Severn Beach

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 Severn Beach (BS35 4). Of the 89 transactions, half were sold for between £3,170 and £4,220 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,220m2. 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 'BS35 4' is £3,670. The table below shows how 'BS35 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS35 4 Severn Beach £3,170m2 £3,670m2 £4,220m2
BS35 5 Easter Compton £3,540m2 £4,140m2 £4,480m2
BS35 2 Thornbury £3,190m2 £3,600m2 £4,330m2
BS35 3 Alveston £3,590m2 £4,160m2 £4,560m2
BS35 1 Thornbury £3,720m2 £4,080m2 £4,490m2

Will Severn Beach 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 4 (Severn Beach). 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 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Severn Beach (BS35 4) over time
House price trends for Severn Beach

Hover on any blue dot to see details of specific sales

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

Price map for Severn Beach

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 Severn Beach. 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 Severn Beach
House price heatmap for Severn Beach

Street level data

Street Avg size Avg £/m2 Recent sales
Gorse Cover Road, Severn Beach, BS35 4N 67m2 £3,607 30
Beach Road, Severn Beach, BS35 4P 67m2 £3,186 27
Redwick Road, Severn Beach, BS35 4L 102m2 £3,086 12
Riverside Park, Severn Beach, BS35 4P 90m2 £2,962 9
Cranmoor Green, Severn Beach, BS35 4Q 94m2 £3,676 8
Prospect Road, Severn Beach, BS35 4Q 78m2 £3,082 6
Beach Avenue, Severn Beach, BS35 4P 117m2 £3,860 6
Albert Road, Severn Beach, BS35 4P 86m2 £3,320 5

Search for your street here.

Raw data

Our analysis of Severn Beach 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
2, Wick Rd, Severn Beach, Thornbury £282,500
Sep-2023
89 3,174
7, Keens Grove, Severn Beach, Thornbury £269,950
Sep-2023
76 3,551
29, Ableton Lane, Severn Beach, Thornbury £250,000
Aug-2023
73 3,424

See the entire list of all sales in Severn Beach (BS35 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.