Feb 07, 2023 by HM

House prices in Yate (BS37 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Yate (BS37 5).


Price per square metre

Knowing the average house price in Yate 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. 46, Lancaster Road, Yate, sold for £310,000 on Sep-2023. Given the internal area of 82 square metres, the price per sqm is £3,780.

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 188 sales in Yate (BS37 5) that took place in the last two years.

Distribution of £ per sqm for Yate (BS37 5)
Distribution of £ per sqm house prices in Yate

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 Yate (BS37 5). Of the 188 transactions, half were sold for between £3,520 and £4,480 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,480m2. 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 'BS37 5' is £4,000. The table below shows how 'BS37 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS37 9 Iron Acton £3,570m2 £3,700m2 £3,750m2
BS37 4 Yate £3,000m2 £3,350m2 £3,890m2
BS37 5 Yate £3,520m2 £4,000m2 £4,480m2
BS37 8 Westerleigh £3,130m2 £3,480m2 £3,720m2
BS37 7 Rangeworthy £3,550m2 £3,980m2 £4,490m2
BS37 6 Chipping Sodbury £3,610m2 £4,110m2 £4,710m2

Will Yate 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 BS37 5 (Yate). 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 BS37 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Yate (BS37 5) over time
House price trends for Yate

Hover on any blue dot to see details of specific sales

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

Price map for Yate

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 Yate. 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 Yate
House price heatmap for Yate

Street level data

Street Avg size Avg £/m2 Recent sales
Longs Drive, Yate, BS37 5X 59m2 £3,909 29
Wavell Close, Yate, BS37 5U 59m2 £4,124 28
Parnall Crescent, Yate, BS37 5X 72m2 £4,044 23
Home Orchard, Yate, BS37 5X 54m2 £4,017 21
Canterbury Close, Yate, BS37 5T 71m2 £3,640 16
Bader Close, Yate, BS37 5U 65m2 £3,788 16
Sutherland Avenue, Yate, BS37 5U 65m2 £4,364 16
Lancaster Road, Yate, BS37 5S 86m2 £3,542 14

Search for your street here.

Raw data

Our analysis of Yate 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
46, Lancaster Rd, Yate £310,000
Sep-2023
82 3,780
36, Hampden Close, Yate £272,000
Aug-2023
73 3,726
4, Sutherland Avenue, Yate £185,000
Aug-2023
40 4,625

See the entire list of all sales in Yate (BS37 5) 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.