Feb 07, 2023 by HM

House prices in Bristol (BS8 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Bristol (BS8 3).


Defining 'BS8 3'

This analysis is limited to properties whose postcode starts with "BS8 3", 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 Bristol 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. 89, Pembroke Road, Bristol, Clifton, sold for £3,500,000 on Feb-2024. Given the internal area of 447 square metres, the price per sqm is £7,829.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 127 sales in Bristol (BS8 3) that took place in the last two years.

Distribution of £ per sqm for Bristol (BS8 3)
Distribution of £ per sqm house prices in Bristol

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 Bristol (BS8 3). Of the 127 transactions, half were sold for between £5,000 and £6,580 per square metre. The median, or 'middle', price per square metre in 'BS8 3' is £5,700. Notably, only 25% of properties that sold recently were valued at more than £6,580m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Bristol

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 Bristol. 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 Bristol
House price heatmap for Bristol

Comparison with neighbouring postcode sectors

The table below shows how 'BS8 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS8 4 Bristol £4,560m2 £5,280m2 £6,200m2
BS8 2 Bristol £4,600m2 £5,410m2 £6,150m2
BS8 1 Bristol £4,320m2 £5,180m2 £5,920m2
BS8 3 Bristol £5,000m2 £5,700m2 £6,580m2

Will Bristol 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 BS8 3 (Bristol). 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 BS8 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bristol (BS8 3) over time
House price trends for Bristol

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Pembroke Road, Bristol, BS8 3E 109m2 £5,557 19
Bridge Road, Bristol, BS8 3P 100m2 £5,482 18
Pembroke Road, Bristol, BS8 3D 60m2 £5,168 16
Clifton Park, Bristol, BS8 3B 95m2 £5,779 13
Sixty Acres Close, Bristol, BS8 3U 152m2 £4,402 12
North Road, Bristol, BS8 3P 187m2 £4,685 10
Clevedon Road, Bristol, BS8 3U 179m2 £3,927 10
Church Road, Bristol, BS8 3P 139m2 £4,948 9

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Redwood Drive, Bristol, BS8 3D 98m2 £5,047 39

Redwood Drive, Bristol, BS8 3D has seen 39 new build sales in the last 4 years (average price £489,536). These new build homes typically have an internal area of 98 m2, with an average price of £5,047 m2. This £sqm average is £-653 below the average for BS8 3. New builds typically command a £ per sqm premium. In the case of Redwood Drive 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 Bristol 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
89, Pembroke Rd, Bristol, Clifton £3,500,000
Feb-2024
447 7,829
Flat 2 9, Vyvyan Terrace, Bristol, Clifton £550,000
Jan-2024
74 7,432
Flat 1 Clifton Park Lodge, Clifton Park, Bristol, Clifton £695,000
Dec-2023
124 5,604

See the entire list of all sales in Bristol (BS8 3) 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.