Feb 07, 2023 by HM

House prices in Chipping Sodbury (BS37 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Chipping Sodbury (BS37 6).

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Price per square metre

Knowing the average house price in Chipping Sodbury 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. 157, Robin Way, Chipping Sodbury, Yate, sold for £289,950 on Oct-2023. Given the internal area of 76 square metres, the price per sqm is £3,815.

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 182 sales in Chipping Sodbury (BS37 6) that took place in the last two years.

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 Chipping Sodbury (BS37 6). Of the 182 transactions, half were sold for between £3,610 and £4,710 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,710m². 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 6' is £4,110. The table below shows how 'BS37 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BS37 9 Iron Acton	£3,570m2	£3,700m2	£3,750m2
BS37 8 Westerleigh	£3,170m2	£3,500m2	£3,740m2
BS37 4 Yate	£3,030m2	£3,350m2	£3,920m2
BS37 5 Yate	£3,540m2	£4,000m2	£4,490m2
BS37 7 Rangeworthy	£3,550m2	£3,980m2	£4,520m2
BS37 6 Chipping Sodbury	£3,610m2	£4,110m2	£4,710m2

Will Chipping Sodbury 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 6 (Chipping Sodbury). 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 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Chipping Sodbury

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 Chipping Sodbury. 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.

House price heatmap for Chipping Sodbury

Street level data

Street	Avg size	Avg £/m2	Recent sales
Couzens Close, Chipping Sodbury, BS37 6B	76m2	£4,276	32
Barnhill Road, Chipping Sodbury, BS37 6F	73m2	£4,172	21
Batten Court, Chipping Sodbury, BS37 6B	60m2	£4,155	18
Goldcrest Road, Chipping Sodbury, BS37 6X	88m2	£3,301	18
Finch Road, Chipping Sodbury, BS37 6J	85m2	£3,578	17
Merlin Way, Chipping Sodbury, BS37 6X	80m2	£3,546	17
Robin Way, Chipping Sodbury, BS37 6J	95m2	£3,391	14
Hounds Road, Chipping Sodbury, BS37 6E	52m2	£3,113	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Trinity Meadows, Chipping Sodbury, BS37 6F	118m2	£3,814	13

Trinity Meadows, Chipping Sodbury, BS37 6F has seen 13 new build sales in the last 4 years (average price £476,726). These new build homes typically have an internal area of 118 m2, with an average price of £3,814 m2. This £sqm average is £-296 below the average for BS37 6. New builds typically command a £ per sqm premium. In the case of Trinity Meadows 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 Chipping Sodbury 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
157, Robin Way, Chipping Sodbury, Yate	£289,950 Oct-2023	76	3,815
176, Couzens Close, Chipping Sodbury, Yate	£350,000 Sep-2023	74	4,729
100, Cotswold Rd, Chipping Sodbury, Yate	£430,000 Sep-2023	115	3,739

See the entire list of all sales in Chipping Sodbury (BS37 6) here.