# House prices in BS48 3 (Backwell)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BS48 3' (Backwell, Nailsea) - statistics were last calculated on 31 July 2024.

## Defining 'BS48 3'

This analysis is limited to properties whose postcode starts with "BS48 3", 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 Backwell.

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 Backwell 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. 14, The Crescent, Backwell, Nailsea, sold for £575,000 on Jun-2024. Given the internal area of 134 square metres, the price per sqm is £4,291.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 92 sales in Backwell (BS48 3) that took place in the last two years.

##### Distribution of £ per sqm for Backwell, Nailsea
Distribution of £ per sqm house prices in Backwell

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 Backwell (BS48 3). Of the 92 transactions, half were sold for between £3,980 and £5,210 per square metre. The median, or 'middle', price per square metre in 'BS48 3' is £4,610. Notably, only 25% of properties that sold recently were valued at more than £5,210 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 Backwell, 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.

House price heatmap for Backwell, Nailsea

## Comparison with neighbouring postcode sectors

The table below shows how 'BS48 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS48 2 Nailsea £3,750 sqm £4,260 sqm £4,840 sqm
BS48 1 Nailsea £3,760 sqm £4,400 sqm £4,900 sqm
BS48 3 Backwell £3,980 sqm £4,610 sqm £5,210 sqm
BS48 4 Nailsea £3,600 sqm £4,220 sqm £4,920 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 3 (Backwell) 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 Backwell,Nailsea
House price trends for Backwell

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 3 sales
Recent trends for Backwell

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
Farleigh Road, Backwell, BS48 3P 153 sqm £4,499 9
Church Lane, Backwell, BS48 3J 164 sqm £4,626 8
Amberlands Close, Backwell, BS48 3L 118 sqm £3,931 8
Karen Drive, Backwell, BS48 3J 118 sqm £4,894 8
Rodney Road, Backwell, BS48 3H 112 sqm £3,858 7
Oakleigh Close, Backwell, BS48 3J 131 sqm £4,649 7
Westfield Road, Backwell, BS48 3N 100 sqm £3,693 7
Station Road, Backwell, BS48 3N 169 sqm £3,646 6

## New build activity

Street Avg size Avg £sqm New build sales
Colliers Gardens, Backwell, BS48 3D 113 sqm £4,366 26

Colliers Gardens, Backwell, BS48 3D has seen 26 new build sales in the last 4 years (average price £475,339). These new build homes typically have an internal area of 113 sqm, with an average price of £4,366 sqm. This £sqm average is £-244 below the average for BS48 3. New builds typically command a £ per sqm premium. In the case of Colliers Gardens 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 Backwell 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.