Feb 07, 2023 by HM

House prices in Poole (BH14 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Poole (BH14 8).

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Price per square metre

Knowing the average house price in Poole 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. 74, Sandbanks Road, Poole, sold for £470,000 on Sep-2023. Given the internal area of 110 square metres, the price per sqm is £4,272.

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. £5,600-£6,000, £6,000-£6,400, £6,400-£6,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 406 sales in Poole (BH14 8) 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 Poole (BH14 8). Of the 406 transactions, half were sold for between £4,020 and £6,290 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,290m². 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 'BH14 8' is £5,060. The table below shows how 'BH14 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH14 0 Poole	£3,420m2	£3,960m2	£4,650m2
BH14 8 Poole	£4,020m2	£5,060m2	£6,290m2
BH14 9 Poole	£3,450m2	£4,090m2	£4,720m2

Will Poole 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 BH14 8 (Poole). 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 BH14 8 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Poole 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 Poole data or any other data I am given.

Price map for Poole

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 Poole. 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 Poole

Street level data

Street	Avg size	Avg £/m2	Recent sales
Sandbanks Road, Poole, BH14 8H	105m2	£4,572	42
Steepdene, Poole, BH14 8T	64m2	£3,205	31
South Western Crescent, Poole, BH14 8R	107m2	£4,769	27
Belle Vue Road, Poole, BH14 8T	82m2	£4,274	25
Station Road, Poole, BH14 8U	53m2	£2,396	25
Lilliput Road, Poole, BH14 8F	111m2	£5,018	22
Salterns Road, Poole, BH14 8B	97m2	£4,351	21
Glenair Avenue, Poole, BH14 8A	99m2	£3,723	21

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Alton Road, Poole, BH14 8S	143m2	£4,974	11
Salterns Way, Poole, BH14 8F	106m2	£6,353	14

Alton Road, Poole, BH14 8S has seen 11 new build sales in the last 4 years (average price £636,006). These new build homes typically have an internal area of 143 m2, with an average price of £4,974 m2. This £sqm average is £-86 below the average for BH14 8. New builds typically command a £ per sqm premium. In the case of Alton Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Poole 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
74, Sandbanks Rd, Poole	£470,000 Sep-2023	110	4,272
Flat 17 Churchill Lodge, 234, Sandbanks Rd, Poole	£290,000 Aug-2023	68	4,264
13, Furze Hill Drive, Poole	£985,000 Aug-2023	186	5,295

See the entire list of all sales in Poole (BH14 8) here.