Feb 07, 2023 by HM

# House prices in Wrington (BS40 5)

## 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. 5, Pudding Pie Lane, Wrington, sold for £605,000 on Sep-2023. Given the internal area of 180 square metres, the price per sqm is £3,361.

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. £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 96 sales in Wrington (BS40 5) that took place in the last two years.

##### Distribution of £ per sqm for Wrington (BS40 5)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Wrington (BS40 5). Of the 96 transactions, half were sold for between £3,620 and £4,470 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,470m2. 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 'BS40 5' is £4,060. The table below shows how 'BS40 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS40 6 East Harptree £3,700m2 £4,340m2 £4,910m2
BS40 7 Blagdon £3,750m2 £4,240m2 £4,700m2
BS40 8 Winford £4,070m2 £4,580m2 £5,090m2
BS40 5 Wrington £3,620m2 £4,060m2 £4,470m2
BS40 9 Felton £3,230m2 £3,480m2 £4,040m2

## 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 scatter plot below for BS40 5 (Wrington). 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 BS40 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Wrington (BS40 5) over time
House price trends for Wrington

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Wrington data or any other data I am given.

## Price map for Wrington

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Wrington

## Street level data

Street Avg size Avg £/m2 Recent sales
School Road, Wrington, BS40 5N 71m2 £2,226 12
Church Road, Wrington, BS40 5S 123m2 £3,568 9
Garstons Close, Wrington, BS40 5Q 129m2 £3,506 8
High Street, Wrington, BS40 5Q 113m2 £3,287 8
Lawrence Road, Wrington, BS40 5Q 96m2 £3,228 8
Lower Langford, Wrington, BS40 5B 193m2 £3,761 6

## New build activity

Street Avg size Avg £/m2 New build sales
Muntjac Road, Wrington, BS40 5A 117m2 £2,763 23
Brook Gardens, Wrington, BS40 5A 150m2 £3,136 21

Muntjac Road, Wrington, BS40 5A has seen 23 new build sales in the last 4 years (average price £379,491). These new build homes typically have an internal area of 117 m2, with an average price of £2,763 m2. This £sqm average is £-1297 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.