The Bristol neighbourhoods where house prices are rising the fastest

the bristol neighbourhoods where house prices are rising the fastest - The Bristol neighbourhoods where house prices are rising the fastest

It’s no secret house prices in Bristol are rising – and they’re rising quickly.

With places like Easton being named as the coolest neighbourhood in the UK, people from other parts of the country choosing to settle here, and the city getting a reputation for being, well, great, it’s no surprise house prices are on the up.

Now new figures from the Office for National Statistics have shed light on house and flat prices at ward-level over the past 20 years.

They reveal a massive variation in house price growth depending on which neighbourhood you live in. You can see the full list below.

Knowle has seen property prices increase faster than anywhere else in our area in the last year.

The average home in the ward sold for £291,000 in the year to March 2019 – up by 19 per cent from the average sale price of £245,000 in the year to March 2018.

 

It’s also 44 per cent more than the average house price of £202,500 five years ago in 2014, and is five times as much as the £58,475 you would typically have paid in the area in 1999.

House prices in the ward still don’t come anywhere near the most expensive in our area – which can be found in Westbury-on-Trym and Henleaze in Bristol, where the average house sold for £530,000 in 2019 (up by seven per cent from £495,000 in 2018).

However, the increase seen there makes homes in the area hot property when it comes to return on investment.

Also making it into the top five neighbourhoods for price growth is Bradley Stoke North, in South Gloucestershire. The average property there sold for £261,000 in 2019, up 19 per cent from £220,000 in 2018.

It was followed by Cotswold Edge, in South Gloucestershire, where a typical home sold for £417,500 this year (up 19 per cent from £352,000), Backwell in North Somerset, where the average house price was £455,000 (up 18 per cent from £385,000), and Congresbury and Puxton in North Somerset, where homes sold for £361,000 on average (up 16 per cent from £310,000).

At the other end of the scale, several neighbourhoods have actually seen house prices drop in the last year.

The area to lose the most value was Clevedon Walton, in North Somerset, which saw the price of the average property drop from £422,500 in the year to March 2018 to £350,000 in the year to March 2019. It’s a drop of 17 per cent, and a loss of £72,500 in value.

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Also seeing steep losses were Yate North in South Gloucestershire (£226,625 in 2019, down 15 per cent from £268,000 in 2018), Almondsbury in South Gloucestershire (£390,000, down 14 per cent from £455,000), Southville in Bristol (£259,950, down 12 per cent from £295,180), and Central in Bristol (£239,500, down 10 per cent from £265,000).

The figures are a crude average and don’t take into account the type of property sold.

As such, the average price may be skewed for wards that have seen a small number of sales in the last year, or lots of sales of a particular type of property.

Where prices are rising the fastest

(Ward // Local authority // Year to March 2018 // Year to March 2019 // % change)

  • Knowle // Bristol // £245,000 // £291,000 // 19%
  • Bradley Stoke North // South Gloucestershire // £220,000 // £261,000 // 19%
  • Cotswold Edge // South Gloucestershire // £352,000 // £417,500 // 19%
  • Backwell // North Somerset // £385,000 // £455,000 // 18%
  • Congresbury and Puxton // North Somerset // £310,000 // £361,000 // 16%
  • Horfield // Bristol // £275,000 // £315,000 // 15%
  • Ladden Brook // South Gloucestershire // £355,000 // £405,000 // 14%
  • Kings Chase // South Gloucestershire // £195,995 // £221,500 // 13%
  • Stoke Bishop // Bristol // £430,000 // £485,000 // 13%
  • Hotwells and Harbourside // Bristol // £293,000 // £328,750 // 12%
  • Charfield // South Gloucestershire // £340,000 // £380,000 // 12%

Where prices are falling the fastest

(Ward // Local authority // Year to March 2018 // Year to March 2019 // % change)

  • Clevedon Walton // North Somerset // £422,500 // £350,000 // -17%
  • Yate North // South Gloucestershire // £268,000 // £226,625 // -15%
  • Almondsbury // South Gloucestershire // £455,000 // £390,000 // -14%
  • Southville // Bristol // £295,180 // £259,950 // -12%
  • Central // Bristol // £265,000 // £239,500 // -10%
  • Pill // North Somerset // £292,500 // £265,000 // -9%
  • Winterbourne // South Gloucestershire // £357,500 // £325,000 // -9%
  • Cotham // Bristol // £352,500 // £321,250 // -9%
  • St George West // Bristol // £239,995 // £220,000 // -8%
  • Lawrence Hill // Bristol // £229,500 // £212,500 // -7%
  • Clifton Down // Bristol // £390,000 // £362,000 // -7%

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