Feb 07, 2023 by HM

# House prices in Congresbury (BS49 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Congresbury (BS49 5).

## Price per square metre

Knowing the average house price in Congresbury 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. 4, Gooseham Mead, Congresbury, Yatton, sold for £365,000 on Aug-2023. Given the internal area of 71 square metres, the price per sqm is £5,140.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 66 sales in Congresbury (BS49 5) that took place in the last two years.

##### Distribution of £ per sqm for Congresbury (BS49 5)
Distribution of £ per sqm house prices in Congresbury

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 Congresbury (BS49 5). Of the 66 transactions, half were sold for between £3,070 and £4,310 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,310m2. 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 'BS49 5' is £3,680. The table below shows how 'BS49 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS49 4 Yatton £3,300m2 £3,870m2 £4,350m2
BS49 5 Congresbury £3,070m2 £3,680m2 £4,310m2

## Will Congresbury 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 BS49 5 (Congresbury). 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 BS49 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Congresbury (BS49 5) over time
House price trends for Congresbury

Hover on any blue dot to see details of specific sales

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

## Price map for Congresbury

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 Congresbury. 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 Congresbury

## Street level data

Street Avg size Avg £/m2 Recent sales
Sheppys Mill, Congresbury, BS49 5B 67m2 £2,505 10
Park Road, Congresbury, BS49 5H 98m2 £4,107 10
Southside, Congresbury, BS49 5B 81m2 £3,168 10
Wrington Road, Congresbury, BS49 5A 176m2 £3,630 9
Stonewell Drive, Congresbury, BS49 5D 108m2 £3,457 9
Kent Road, Congresbury, BS49 5B 152m2 £3,481 7
Brinsea Road, Congresbury, BS49 5J 134m2 £3,355 7
Stonewell Grove, Congresbury, BS49 5D 95m2 £3,463 7

Search for your street here.

## New build activity

Street Avg size Avg £/m2 New build sales
Furnace Way, Congresbury, BS49 5D 122m2 £3,796 27

Furnace Way, Congresbury, BS49 5D has seen 27 new build sales in the last 4 years (average price £471,439). These new build homes typically have an internal area of 122 m2, with an average price of £3,796 m2. This £sqm average is £116 above the average for BS49 5. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Congresbury 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
4, Gooseham Mead, Congresbury, Yatton £365,000
Aug-2023
71 5,140
12a, Wrington Rd, Congresbury, Yatton £775,000
Aug-2023
256 3,027
43, Wrington Rd, Congresbury, Yatton £1,150,000
Jul-2023
290 3,965