Key indicators for buyers
The BS12 market presents a mixed picture for buyers. Prices are rising at 78.6%, which may favour acting sooner rather than later. Affordability has improved from a peak of 9.1x in 2021 to 8.0x today. Rising rents (£1,445/mo, +4.5%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in BS12 sold for £375,000 in 2016, with a median of £375,000 across 1 transactions. Prices rose 78.6% compared to the previous year.
2016averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider South Gloucestershire area
A home in South Gloucestershire costs 8.0x the local median salary — stretched, improving from a peak of 9.1x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Gloucestershire area
Average monthly rent in South Gloucestershire is £1,445, up 4.5% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average South Gloucestershire price of £375,000 with a 25% deposit (£94k), a 2-year fixed mortgage at 3.97% costs around £1,480 per month.
Monthly cost comparison based on current data
Uses BS12 avg. price with South Gloucestershire rental data
Monthly mortgage payments (£1,480) are £35 more than renting (£1,445). However, buying requires an upfront deposit of £94k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
29A, GILLINGSTOOL, THORNBURY BS12 2EH | Detached | £375,000 | 22 Jul 2016 |
57, GLOUCESTER ROAD, PATCHWAY BS12 5JH | Terraced | £209,995 | 27 Jun 2014 |
21, CHILLINGTON COURT, BLAKENEY ROAD, PATCHWAY BS12 5RU | Flat/Maisonette | £29,091 | 22 May 1998 |
The most recent recorded sale in BS12 was a detached property on Gillingstool for £375,000 in July 2016. Across the last 3 sales, the median price was £209,995.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.