# House prices in BS40 5 (Wrington)

## Defining 'BS40 5'

This analysis is limited to properties whose postcode starts with "BS40 5", 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 Wrington.

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 Wrington 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, Hailstone Cottages, Wrington, sold for £440,000 on Mar-2024. Given the internal area of 83 square metres, the price per sqm is £5,301.

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. £4,150-£4,500, £4,500-£4,850, £4,850-£5,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 98 sales in Wrington (BS40 5) that took place in the last two years.

##### Distribution of £ per sqm for Wrington
Distribution of £ per sqm house prices in Wrington

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 Wrington (BS40 5). Of the 98 transactions, half were sold for between £3,610 and £4,450 per square metre. The median, or 'middle', price per square metre in 'BS40 5' is £4,140. Notably, only 25% of properties that sold recently were valued at more than £4,450 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 Wrington

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 Wrington. 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 Wrington

## Comparison with neighbouring postcode sectors

The table below shows how 'BS40 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS40 5 Wrington £3,610 sqm £4,140 sqm £4,450 sqm
BS40 9 Felton £3,260 sqm £3,540 sqm £3,910 sqm
BS40 8 Winford £4,050 sqm £4,590 sqm £5,120 sqm
BS40 7 Blagdon £3,780 sqm £4,210 sqm £4,690 sqm
BS40 6 East Harptree £3,670 sqm £4,250 sqm £4,710 sqm

## Will Wrington 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 BS40 5 (Wrington) compared with both the wider area BS40 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 Wrington,Wrington
House price trends for Wrington

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 BS40 5 sales
Recent trends for Wrington

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 Wrington 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 Wrington 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
School Road, Wrington, BS40 5N 71 sqm £2,483 10
Lawrence Road, Wrington, BS40 5Q 96 sqm £3,394 8
The Glebe, Wrington, BS40 5L 66 sqm £3,853 8
Lower Langford, Wrington, BS40 5B 198 sqm £3,726 7
Garstons, Wrington, BS40 5Q 97 sqm £4,192 7
Ropers Lane, Wrington, BS40 5N 187 sqm £4,045 6

## New build activity

Street Avg size Avg £sqm New build sales
Muntjac Road, Wrington, BS40 5A 117 sqm £2,757 22
Brook Gardens, Wrington, BS40 5A 150 sqm £3,140 10

Muntjac Road, Wrington, BS40 5A has seen 22 new build sales in the last 4 years (average price £381,323). These new build homes typically have an internal area of 117 sqm, with an average price of £2,757 sqm. This £sqm average is £0 below the average for BS40 5. New builds typically command a £ per sqm premium. In the case of Muntjac Road 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 Wrington 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.