Feb 07, 2023 by HM

House prices in Nailsea (BS48 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Nailsea (BS48 1).


Defining 'BS48 1'

This analysis is limited to properties whose postcode starts with "BS48 1", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Nailsea 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. 10, Meadow Close, Nailsea, sold for £295,000 on Feb-2024. Given the internal area of 82 square metres, the price per sqm is £3,597.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 101 sales in Nailsea (BS48 1) that took place in the last two years.

Distribution of £ per sqm for Nailsea (BS48 1)
Distribution of £ per sqm house prices in Nailsea

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 Nailsea (BS48 1). Of the 101 transactions, half were sold for between £3,800 and £5,180 per square metre. The median, or 'middle', price per square metre in 'BS48 1' is £4,420. Notably, only 25% of properties that sold recently were valued at more than £5,180m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Nailsea

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 Nailsea. 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.

Property price heatmap for Nailsea
House price heatmap for Nailsea

Comparison with neighbouring postcode sectors

The table below shows how 'BS48 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS48 4 Nailsea £3,810m2 £4,290m2 £4,910m2
BS48 3 Backwell £3,970m2 £4,510m2 £5,180m2
BS48 2 Nailsea £3,800m2 £4,260m2 £4,850m2
BS48 1 Nailsea £3,800m2 £4,420m2 £5,180m2

Will Nailsea 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 BS48 1 (Nailsea). 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 BS48 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Nailsea (BS48 1) over time
House price trends for Nailsea

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Mayflower Gardens, Nailsea, BS48 1Q 62m2 £4,610 10
Greenfield Crescent, Nailsea, BS48 1H 90m2 £3,157 10
High Street, Nailsea, BS48 1A 101m2 £3,495 9
Woodland Road, Nailsea, BS48 1H 100m2 £3,274 9
Heathfield Way, Nailsea, BS48 1E 71m2 £3,367 8
Spindleberry Grove, Nailsea, BS48 1Q 119m2 £4,471 7
Nailsea Park, Nailsea, BS48 1B 157m2 £4,106 7
Tower House Lane, Nailsea, BS48 1J 230m2 £5,003 7

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
High Street, Nailsea, BS48 1D 45m2 £4,302 14

High Street, Nailsea, BS48 1D has seen 14 new build sales in the last 4 years (average price £189,715). These new build homes typically have an internal area of 45 m2, with an average price of £4,302 m2. This £sqm average is £-118 below the average for BS48 1. New builds typically command a £ per sqm premium. In the case of High Street 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 Nailsea 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
10, Meadow Close, Nailsea £295,000
Feb-2024
82 3,597
78, Southfield Rd, Nailsea £370,000
Feb-2024
108 3,425
Apartment 22 Sapphire Lodge, Christ Church Close, Nailsea £275,000
Dec-2023
78 3,525

See the entire list of all sales in Nailsea (BS48 1) 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.