October 13, 2016
If you’re looking to buy a house in Bath or Bristol, one of the most important things to know is how much it will cost you. We’ve used Zoopla data to put together a list of the average house prices in the areas, including the cheapest and most expensive areas, so you can plan your move and make the most of your money.
The average cost of houses for sale in Bristol is £322,335, although the cost varies considerably depending on what kind of house you’re buying. To give you a better idea of how far your money will go, we’ve taken data from Zoopla (Apr 2020) around average prices by property type in the last 12 months:
● Detached: £419,460
● Semi-detached: £319,855
● Terraced: £292,854
● Flat: £239,042
In Bath, the average property price is £432,684. Breaking that down by property type from Zoopla data (Apr 2020), the average costs for the last 12 months are:
● Detached: £478,582
● Semi-detached: £409,753
● Terraced: £410,882
● Flat: £309,155
The most expensive area of Bristol in which to buy a property is the BS8 postcode district of the city. This covers the upmarket suburb of Clifton, the small village of Failand, the district of Hotwells and the leafy area of Leigh Woods. In this region, the average house price is £491,463.
Another expensive area in Bristol is the BS9 postcode district, where you can expect to pay an average of £483,844 for a house. This region includes the suburbs of Coombe Dingle, Sneyd Park, Stoke Bishop, Westbury-on-Trym and Henleaze.
If you’d rather live in a more rural location, Wedmore is a highly desirable village around 22 miles south of Bristol. Here, you can expect to pay £468,219 for a house.
The BS6 postcode district covers Cotham, a leafy and affluent inner-city suburb; Reland, which is popular with students; Montpelier, a laid-back residential neighbourhood; Westbury Park, with its many Victorian houses; and St Andrews. In these areas, the average property price is £451,280.
The final of Bristol’s more expensive areas to buy a house is the BS40 region, offering a more rural setting to live in. This includes the villages of the Chew Valley including Chew Magna, Chew Stoke, Wrington and Charterhouse. In all of these villages, the average property price is £430,948.
In Bath, the most expensive area in which to buy a house is the BA1 postcode district. This includes the pretty village of Batheaston, roughly four miles from the city of Bath, and the equally charming village of Bathford, which is around three miles from the city. Here, you can expect to pay around £483,541 for a house.
The BA2 district is also a sought-after area to buy a property. This covers the villages south of the Avon, including Farmborough, six miles south west of the city; Timsbury, eight miles from Bath; and the former mining village of Peasedown St John. It also covers the village of Wellow, around five miles south of Bath; and the small villages of Hinton Charterhouse, Norton St Philip, Freshford and Limpley Stoke. The average house price for BA2 is £412,796.
Another rural area near Bath, the BA15 postcode district, commands high house prices. This includes the villages of Bradford-upon-Avon, Winsley, Westwood, Monkton Farleigh and South Wraxall. Here, you can expect to pay £381,945 for a house.
Wells, England’s second smallest city (the only one smaller is the City of London) is located around 20 miles south west of Bath. With a population of just 12,000 people, this cathedral city is a good choice for families who want to live in a more rural location whilst still having access to the best of big town life. House prices here average £302,431.
The BA10 postcode region is another sought-after region of Bath. This includes the small town of Bruton, roughly 25 miles south of Bath, as well as the villages of Pitcombe, Redlynch and Brewham. The average house price in this area is £299,251.
For a more budget-friendly option in Bristol, considering purchasing a house in the BS23 postcode district. This includes the small village of Uphill, on the Bristol Channel coast, and seaside town of Weston-super-Mare, around 18 miles south of Bristol. In this area, the average house price is £181,583.
The BS22 postal district is another affordable area in which to buy. This includes the village of Kewstoke, parts of Weston-super-Mare and the large village of Worle. Here, you can expect to pay £209,486 for a house.
In BS11, the outer suburbs of Bristol are another budget-friendly area to buy a property, whether it’s a first house or a second home. These suburbs include Avonmouth, Shirehampton and Lawrence Weston, and buying here will cost an average of £210,971.
Similarly, the suburbs of the BS13 postal region are an affordable place to buy. This includes Bedminster Down, Bishopsworth, Hartcliffe, Withywood and Headley Park. house prices here cost, on average, £211,806.
Finally, look at the BS5 region for affordable housing in Bristol. This inner-city area includes Easton, St George, Redfield, Whitehall, Eastville, Speedwell, Greenbank and Barton Hill. It’s not as expensive as you might expect to live in the middle of Bristol, with houses here costing just £223,889 on average.
In Bath, the cheapest area in which to buy a house is the BA21 postal district. This includes the north of the town of Yeovil and the small village of Mudford. Here, you can expect to pay around £192,811 for a property.
The centre and south of Yeovil are also affordable places to buy. This area, the BA20 postal district, sees houses sell for an average of £206,053.
For a more rural location, the postal district of BA16 also offers affordable housing. This covers the villages of Street and Walton, which are close to the National Trust site of Glastonbury Tor. Here, the average house price is £222,442.
If you’re looking to make a strong investment, consider buying a house in one of Bath or Bristol’s up-and-coming areas. These are areas which have, according to Zoopla data, seen the biggest rise in house prices over the last five years.
In Bristol, consider buying a house in the BS26 postal district. This includes the town of Axbridge, on the edge of the Mendip Hills, and the villages of Compton Bishop and Loxton. In this area, the average house price is £336,480, which is an increase of 24.10% over the last five years. The BS27 region is another up-and-coming location to consider. This includes the pretty villages of Cheddar and Draycott, which both have easy access to outstanding natural beauty including Cheddar Gorge. House prices here average £279,802, an increase of 22.39% over the last five years.
The BA22 district has seen an increase of 22.74% in house prices over the last five years, making the current average £271,482. This district includes west Yeovil, and the villages of East Coker, West Coker, Ilchester, Sparkford, Marston Magna, Halstock, Stoford, and Clifton Maybank. You may also want to consider the BA8 postal district, which includes the villages of Templecombe, Henstridge and Horsington. The average property price here is £255,383, which is an increase of 20.72%.
In Bristol, the amount you can get for your money varies considerably depending on which areas of the city you choose to buy in. For example, in the highly sought-after area of Clifton, you could expect to pay £336,000 for a two-bedroom flat, whereas in Weston-super-Mare, you could get a three-bedroom house for £245,00.
In the most expensive area of Bath, Batheaston, you can expect to pay up to £340,000 for a one-bedroom flat. On the other hand, in the town of Yeovil, you could get a three-bedroom terraced house for under £200,000.
Both Bath and Bristol have a great choice of properties for all budgets. Whether you’re a first-time buyer looking to buy a flat, or a large detached family home, there’s something for everyone in these two cities.
If you need advice for first-time buying in Bath or Bristol – or if you’re looking for a reliable mortgage broker in the West Country – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
October 13, 2016
October 13, 2016