How house prices in Bristol compare after average £25,000 increase in just one year
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Looking to buy a house in Bristol? Prepare to pay around £25,000 more than you would have a few years ago.
New figures show house prices in Bristol soared by 3.5% from October to November in 2021, while the UK as a whole saw an increase of just 1.2% during that timeframe.
It means the average sale price of a property in Bristol went up by a whopping £25,000 in 2021, an increase of 8.1%.
The spike was across all property types: detached, semi-detached, terraced and flats, with detached houses seeing the biggest leap: 3.8% over the October-November period and 11.7% over the whole year.
The average first-time buyer spent £238,000 on their house in 2016- five years later, you could expect to pay anything from £59,000 to £297,000 in 2021.
BristolWorld wanted to see what those numbers added up in real life, so we found three properties with property sale histories and compared them to the list price now.
Three bedroom end of terrace, St Werburghs
This desirable three bedroom end of terrace house in St Werburghs is currently listed for £375,000.
It boasts a front and rear garden, both with plenty of space. The 1970s property also includes a much sought-after garage.
Its proximity to Stapleton Road Station, the City Centre and Mina Road shops make it an attractive offering for growing families.
In 2019 this property sold for £150,000. The 2022 listing price is a 150% increase in just three years.
Three bedroom terrace, Whitchurch - 50% increase
This three bedroom, one bathroom terraced house in Whitchurch is currently listed for £265,000.
There are two double bedrooms, one with a built-in wardrobe, and one single bedroom.
The large garden offers a patio as well as a wood built bar and socialising area. It is located close to schools, bus routes and amenities.
In 2015 this property sold for £176,500. The 2022 listing price is an 50% increase.
Three bedroom terrace, Easton - 61% increase
This 1938-style three bedroom terrace in Easton is currently listed for £440,000.
Located in a popular neighbourhood, the house also boasts a full width kitchen extension, proximity to a train station, downstairs WC and loft with a skylight that can be converted.
In 2017 this property sold for £274,000. The 2022 listing price is a 61% increase.
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