Feb 07, 2023 by HM

House prices in Bristol (BS9 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Bristol (BS9 2).


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. 43, Coombe Bridge Avenue, Bristol, sold for £775,000 on Oct-2023. Given the internal area of 138 square metres, the price per sqm is £5,615.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 155 sales in Bristol (BS9 2) that took place in the last two years.

Distribution of £ per sqm for Bristol (BS9 2)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Bristol (BS9 2). Of the 155 transactions, half were sold for between £3,900 and £5,130 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,130m2. 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 'BS9 2' is £4,520. The table below shows how 'BS9 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BS9 3 Bristol £4,660m2 £5,440m2 £6,040m2
BS9 4 Bristol £4,580m2 £5,390m2 £6,380m2
BS9 1 Bristol £4,240m2 £5,000m2 £5,990m2
BS9 2 Bristol £3,900m2 £4,520m2 £5,130m2

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 BS9 2 (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 BS9 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bristol (BS9 2) 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.

Price map for Bristol

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 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Bristol
House price heatmap for Bristol

Street level data

Street Avg size Avg £/m2 Recent sales
Westbury Lane, Bristol, BS9 2P 107m2 £4,436 19
Sylvan Way, Bristol, BS9 2L 91m2 £3,853 18
Shirehampton Road, Bristol, BS9 2E 105m2 £3,760 18
Grove Road, Bristol, BS9 2R 152m2 £4,276 17
High Grove, Bristol, BS9 2N 77m2 £4,296 14
Southwood Drive, Bristol, BS9 2Q 96m2 £4,053 14
Shirehampton Road, Bristol, BS9 2D 96m2 £3,666 13
Coombe Lane, Bristol, BS9 2A 164m2 £4,764 10

Search for your street here.

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
43, Coombe Bridge Avenue, Bristol £775,000
Oct-2023
138 5,615
4, Riverleaze, Bristol £425,000
Sep-2023
156 2,724
42, Southwood Drive East, Bristol £310,000
Sep-2023
69 4,492

See the entire list of all sales in Bristol (BS9 2) 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.