House prices in Bristol have been on a pretty steep rise over the last 20 years. It’s a city that once you buy property it feels like a dead certainty that your house will increase in value.
The main problem is actually being able to afford to get on the property ladder in the first place. And while the Bristol property market is still very much in demand, it seems that house prices - at least nationally - have started to fall.
According to the Nationwide Building Society, the average house price fell by 3.1 per cent year-on-year in March, marking the largest annual decline since July 2009.
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Across the UK, property values fell by 0.8 per cent month-on-month, taking the average house price to £257,122. But in the South West prices are still much higher than the national average, at around £302,451 and have actually seen a 0.5 per cent rise over the past year.
In Bristol the average house price across the four Parliamentary constituencies are all above £303,000 - so higher than even the South West average. But there are large gaps in property prices across Bristol neighbourhoods. With property in one area of the city costing below £200,000.
Below are the cheapest and most expensive neighbourhoods in each constituency of Bristol, according to Parliamentary data. Westbury-on-Trym topped the list of the most expensive, followed by Henleaze, while Hartcliffe was named as the cheapest location for property prices.
The Commons Library data breakdown states: "The house price figures used are the median price paid for properties over the 12 months to the date shown. The figures aren’t adjusted for the mix of different property sizes and types sold in different periods and places."
Bristol East - average house price of £303,500
In the year ending September 2022, the average house price in the Bristol East constituency was £303,500. That is a year-on-year rise of £28,500.
The five most expensive neighbourhoods are:
- Brislington- median house price £380,000
- Lower Easton - median house price £355,625
- Stapleton - median house price £345,500
- St Annes - median house price £325,000
- Redfield- median house price £314,750
The five cheapest neighbourhoods are:
- Two Mile Hill - median house price £285,000
- St George - median house price £291,000
Speedwell - median house price £291,000
- Stockwood - median house price £292,500
- Hillfields - median house price £298,000
Bristol South - average house price of £310,000
In the year ending September 2022, the average house price in the Bristol South constituency was £310,000. That is a year-on-year rise of £10,000.
The five most expensive neighbourhoods are:
- Southville - median house price £448,500
Ashton - median house price £420,000
- Windmill Hill - median house price £400,000
- Totterdown - median house price £374,250
Knowle Park - median house price £366,000
The five cheapest neighbourhoods are:
- Hartcliffe - median house price £195,250
Withywood - median house price £245,000
- Knowle West - median house price £245,950
- Highridge - median house price £250,000
- Hengrove - median house price £277,500
Bristol North West - average house price of £335,000
The average house price in the Bristol East constituency was £335,000, which is a year-on-year fall of £10,100. However the most expensive neighbourhoods in this area have seen a huge rise in house prices in the last year, notably Westbury-on-Trym has seen a year-on-year rise of £171,125. Westbury-on-Trym is also now the most expensive neighbourhood to live in across all of Bristol.
The five most expensive neighbourhoods are:
Westbury on Trym - median house price £725,000
- Henleaze - median house price £678,000
- Westbury Park- median house price £620,000
Stoke Bishop - median house price £580,000
- Horfield - median house price £470,000
The five cheapest neighbourhoods are:
- Lawrence Weston - median house price £255,000
- Henbury & Brentry - median house price £273,475
Shirehampton & Avonmouth - median house price £274,160
- Southmead - median house price £290,000
- Upper Horfield - median house price £316,250
Bristol West - average house price of £370,000
The average house price in the Bristol West constituency was £370,000, in the year ending September 2022, which is a year-on-year rise of £2,500.
The five most expensive neighbourhoods are:
- Westbury Park - median house price £620,000
Bishopston - median house price £501,650
- Redland & St Andrew's - median house price £495,000
- Horfield - median house price £470,000
- Clifton Village - median house price £465,000
The five cheapest neighbourhoods are:
- Temple Meads - median house price £240,000
- Barton Hill - median house price £285,000
- Redfield - median house price £314,750
Kingsdown - median house price £325,000
- Bristol City Centre - median house price £327,500
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