House prices in BS48 2 (Nailsea)

This article reveals price per square metre data and various charts to help you understand current housing market in Nailsea (BS48 2).


Defining 'BS48 2'

This analysis is limited to properties whose postcode starts with "BS48 2", 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 Nailsea.

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 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. 60, Causeway View, Nailsea, sold for £400,000 on Mar-2024. Given the internal area of 104 square metres, the price per sqm is £3,846.

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. £4,350-£4,500, £4,500-£4,650, £4,650-£4,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 203 sales in Nailsea (BS48 2) that took place in the last two years.

Distribution of £ per sqm for Nailsea
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 2). Of the 203 transactions, half were sold for between £3,760 and £4,850 per square metre. The median, or 'middle', price per square metre in 'BS48 2' is £4,260. Notably, only 25% of properties that sold recently were valued at more than £4,850 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 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 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS48 4 Nailsea £3,660 sqm £4,220 sqm £4,930 sqm
BS48 3 Backwell £3,970 sqm £4,640 sqm £5,200 sqm
BS48 1 Nailsea £3,800 sqm £4,440 sqm £5,080 sqm
BS48 2 Nailsea £3,760 sqm £4,260 sqm £4,850 sqm

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 chart below for BS48 2 (Nailsea) compared with both the wider area BS48 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 Nailsea,Nailsea
House price trends for Nailsea

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 BS48 2 sales
Recent trends for Nailsea

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 Nailsea 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 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.

Street level data

Street Avg size Avg £sqm Recent sales
Silver Street, Nailsea, BS48 2B 53 sqm £3,956 18
Shaftesbury Close, Nailsea, BS48 2Q 74 sqm £3,664 15
Kingshill Gardens, Nailsea, BS48 2S 56 sqm £3,445 15
Stock Way South, Nailsea, BS48 2B 62 sqm £5,122 14
Dunster Gardens, Nailsea, BS48 2J 75 sqm £3,740 13
Nightingale Gardens, Nailsea, BS48 2B 95 sqm £3,905 13
Sunnymede Road, Nailsea, BS48 2N 98 sqm £4,676 13
Coombe Road, Nailsea, BS48 2H 85 sqm £3,652 12

Search for your street here.

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 sqm £/sqm
60, Causeway View, Nailsea £400,000
Mar-2024
104 3,846
1, Rock Avenue, Nailsea £325,000
Mar-2024
73 4,452
12, Bude Close, Nailsea £625,000
Mar-2024
129 4,844

See the entire list of all sales in Nailsea (BS48 2) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.