Feb 07, 2023 by HM

House prices in St George (BS5 8)

This article reveals price per square metre data and various charts to help you understand current housing market in St George (BS5 8).

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Price per square metre

Knowing the average house price in St George 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. 44, St Aidans Close, St George, Bristol, sold for £155,000 on Oct-2023. Given the internal area of 38 square metres, the price per sqm is £4,078.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 285 sales in St George (BS5 8) that took place in the last two years.

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 St George (BS5 8). Of the 285 transactions, half were sold for between £3,500 and £4,350 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,350m². 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 'BS5 8' is £3,900. The table below shows how 'BS5 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BS5 0 Easton	£3,120m2	£3,630m2	£4,180m2
BS5 9 Redfield	£3,570m2	£4,050m2	£4,430m2
BS5 6 Eastville	£3,450m2	£3,940m2	£4,510m2
BS5 7 St George	£3,480m2	£3,950m2	£4,490m2
BS5 8 St George	£3,500m2	£3,900m2	£4,350m2

Will St George 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 BS5 8 (St George). 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 BS5 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for St George

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 St George. 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 St George

Street level data

Street	Avg size	Avg £/m2	Recent sales
Butlers Close, St George, BS5 8A	47m2	£3,802	26
Church Road, St George, BS5 8A	60m2	£3,592	26
Air Balloon Road, St George, BS5 8L	80m2	£3,356	24
Kingsway, St George, BS5 8N	92m2	£3,531	18
St Aidans Road, St George, BS5 8R	76m2	£3,398	18
Blackswarth Road, St George, BS5 8A	58m2	£3,565	17
Weavers Mill Close, St George, BS5 8F	55m2	£3,749	15
Sherbourne Street, St George, BS5 8E	85m2	£3,315	15

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Beaconsfield Road, St George, BS5 8F	70m2	£3,556	15

Beaconsfield Road, St George, BS5 8F has seen 15 new build sales in the last 4 years (average price £256,673). These new build homes typically have an internal area of 70 m2, with an average price of £3,556 m2. This £sqm average is £-344 below the average for BS5 8. New builds typically command a £ per sqm premium. In the case of Beaconsfield 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 St George 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
44, St Aidans Close, St George, Bristol	£155,000 Oct-2023	38	4,078
52, Air Balloon Rd, St George, Bristol	£300,000 Sep-2023	80	3,750
188, Kingsway, St George, Bristol	£338,000 Sep-2023	68	4,970

See the entire list of all sales in St George (BS5 8) here.