Feb 07, 2023 by HM

House prices in Parkstone (BH12 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Parkstone (BH12 3).

---

Price per square metre

Knowing the average house price in Parkstone is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 11a, Highview Gardens, Parkstone, Poole, sold for £290,000 on Sep-2023. Given the internal area of 77 square metres, the price per sqm is £3,766.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 197 sales in Parkstone (BH12 3) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Parkstone (BH12 3). Of the 197 transactions, half were sold for between £3,300 and £4,270 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,270m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BH12 3' is £3,780. The table below shows how 'BH12 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH12 1 Branksome	£3,220m2	£3,850m2	£4,630m2
BH12 2 Parkstone	£3,320m2	£3,800m2	£4,430m2
BH12 3 Parkstone	£3,300m2	£3,780m2	£4,270m2
BH12 4 Alderney	£3,410m2	£3,810m2	£4,390m2
BH12 5 Wallisdown	£3,550m2	£4,080m2	£4,620m2

Will Parkstone house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BH12 3 (Parkstone). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BH12 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Parkstone and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Parkstone data or any other data I am given.

Price map for Parkstone

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Parkstone. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Parkstone

Street level data

Street	Avg size	Avg £/m2	Recent sales
Uppleby Road, Parkstone, BH12 3D	83m2	£3,088	39
Cranbrook Road, Parkstone, BH12 3B	87m2	£3,532	23
Rosemary Road, Parkstone, BH12 3H	93m2	£3,946	18
Southill Road, Parkstone, BH12 3A	81m2	£3,525	18
Victoria Road, Parkstone, BH12 3A	90m2	£3,854	13
Rossmore Road, Parkstone, BH12 3N	91m2	£3,785	13
Kimmeridge Avenue, Parkstone, BH12 3N	99m2	£3,103	12
Wayne Road, Parkstone, BH12 3L	85m2	£3,122	12

Search for your street here.

Raw data

Our analysis of Parkstone is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
11a, Highview Gardens, Parkstone, Poole	£290,000 Sep-2023	77	3,766
24, Upper Rd, Parkstone, Poole	£265,000 Aug-2023	91	2,912
173, Ringwood Rd, Parkstone, Poole	£382,000 Aug-2023	82	4,658

See the entire list of all sales in Parkstone (BH12 3) here.