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Backwell House Prices Backwell House Prices

The average house price in Backwell is £590,000 using HM Land Registry data.

The average property price increased by £127,309 (27.9%) over the last 5 years and increased by £25,444 (4.56%) over the last 12 months.

Over the last year, there were 28 residential property sales – a decrease of 31 transactions (-110.71%) relative to the previous year. The majority of house sales (10) were in the £612,000 - £768,000 range. Then came properties in the £300,000 - £456,000 range, where 6 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,217 (-3%).

In April 2024, there were 14 new estate agency instructions, 8 agreed home sales and 10 property price reductions.

Neighbouring Areas: Nailsea

Postcodes Covered: BS48

5-Year Average Property Prices in Backwell

27.9%

Property prices in Backwell increased by 27.9% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Backwell Over the Last Year

4.56%

Property prices in Backwell increased by 4.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Backwell - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Backwell

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Backwell

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Backwell

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Backwell since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Backwell area since 1995.

Recent Property Sales in Backwell

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 St Margarets Close, Backwell, Bristol, North Somerset, BS48 3JD£680,000£660,000-£20,00029 Jul 202331 Jan 2024186 Days
15 Westfield Close, Backwell, Bristol, North Somerset, BS48 3NQ£550,000£535,000-£15,00012 Jul 202301 Dec 2023142 Days
65 Station Road, Backwell, Bristol, North Somerset, BS48 3LN£775,000£763,500-£11,50004 Jul 202329 Nov 2023148 Days
19 Fernside, Backwell, Bristol, North Somerset, BS48 3LS£475,000£458,000-£17,00021 Jun 202323 Nov 2023155 Days
30 Waverley Road, Backwell, Bristol, North Somerset, BS48 3LQ£290,000£290,000£0011 May 202331 Oct 2023173 Days
6 Long-thorn, Backwell, Bristol, North Somerset, BS48 3GY£675,000£665,000-£10,00010 Jun 202327 Oct 2023139 Days
56 Station Road, Backwell, Bristol, North Somerset, BS48 3LH£350,000£340,000-£10,00002 May 202316 Oct 2023167 Days
7 Moorfield Road, Backwell, Bristol, North Somerset, BS48 3NU£265,000£252,500-£12,50026 Jun 202306 Oct 2023102 Days
42 Oakleigh Close, Backwell, Bristol, North Somerset, BS48 3JU£625,000£625,000£0019 Jun 202303 Oct 2023106 Days
4 Bramley Drive, Backwell, Bristol, North Somerset, BS48 3HN£575,000£550,000-£25,00012 Jun 202329 Sep 2023109 Days
Rushmoor Grange, Rushmoor Lane, Backwell, Bristol, North Somerset, BS48 3BN£1,100,000£1,100,000£0015 Feb 202323 Sep 2023220 Days
9 St Andrews Road, Backwell, Bristol, North Somerset, BS48 3NR£625,000£600,000-£25,00014 Jan 202305 Jun 2023142 Days
2 St Margarets Close, Backwell, Bristol, North Somerset, BS48 3JD£690,000£650,000-£40,00026 Sep 202217 May 2023233 Days
50 Church Lane, Backwell, Bristol, North Somerset, BS48 3PQ£1,250,000£1,180,000-£70,00009 Nov 202214 Apr 2023156 Days
51 Station Road, Backwell, Bristol, North Somerset, BS48 3LN£615,000£600,000-£15,00028 Feb 202331 Mar 202331 Days
36 Westfield Road, Backwell, Bristol, North Somerset, BS48 3NF£560,000£552,750-£7,25023 Sep 202231 Mar 2023189 Days
7 Cadogan Grove, Backwell, Bristol, North Somerset, BS48 3QN£825,000£820,000-£5,00009 Sep 202207 Mar 2023179 Days
57 West Town Road, Backwell, Bristol, North Somerset, BS48 3HG£640,000£625,000-£15,00019 Jul 202224 Feb 2023220 Days
37 Uncombe Close, Backwell, Bristol, North Somerset, BS48 3PU£825,000£760,000-£65,00018 May 202215 Dec 2022211 Days
3 Linemere Close, Backwell, Bristol, North Somerset, BS48 3PX£850,000£850,000£0009 Jul 202230 Nov 2022144 Days

Most Expensive Streets in Backwell

PostcodeStreetAreaAverageNo. of Sales
BS48 3BNRushmoor LaneBackwell£885,0003
BS48 3PAFarleigh RoadBackwell£823,6663
BS48 3JHChurch LaneBackwell£750,6663
BS48 3NABackwell CommonBackwell£740,0003
BS48 3PQChurch LaneBackwell£692,4874
BS48 3PBFarleigh RoadBackwell£689,0003
BS48 3PUUncombe CloseBackwell£680,2504
BS48 3JFChurch TownBackwell£675,8336
BS48 3JWChurch LaneBackwell£661,3336
BS48 3BPRobinson WayBackwell£661,0003

Least Expensive Streets in Backwell

PostcodeStreetAreaAverageNo. of Sales
BS48 3NUMoorfield RoadBackwell£194,1663
BS48 3LRCombesideBackwell£240,6663
BS48 3NYMoorfield RoadBackwell£254,6663
BS48 3NZSummerlandsBackwell£254,9833
BS48 3LHStation RoadBackwell£277,4163
BS48 3LUChelsfieldBackwell£286,8754
BS48 3LPWaverley RoadBackwell£317,9874
BS48 3LQWaverley RoadBackwell£329,0003
BS48 3NDWestfield RoadBackwell£355,0004
BS48 3GZLong ThornBackwell£378,1663

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