# House prices in BH15 1 (Poole)

## Defining 'BH15 1'

This analysis is limited to properties whose postcode starts with "BH15 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Poole.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. 4, Ballard Road, Poole, sold for £280,000 on Mar-2024. Given the internal area of 100 square metres, the price per sqm is £2,800.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 165 sales in Poole (BH15 1) that took place in the last two years.

##### Distribution of £ per sqm for Poole
Distribution of £ per sqm house prices in Poole

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.

The spread of prices will give you a feel of the typical range to expect in Poole (BH15 1). Of the 165 transactions, half were sold for between £2,800 and £4,380 per square metre. The median, or 'middle', price per square metre in 'BH15 1' is £3,480. Notably, only 25% of properties that sold recently were valued at more than £4,380 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Poole

Do have a look at the interactive price map I created. 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.

House price heatmap for Poole

## Comparison with neighbouring postcode sectors

The table below shows how 'BH15 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH15 3 Poole £3,490 sqm £3,970 sqm £4,630 sqm
BH15 1 Poole £2,800 sqm £3,480 sqm £4,380 sqm
BH15 2 Poole £3,300 sqm £3,770 sqm £4,460 sqm
BH15 4 Poole £3,470 sqm £4,000 sqm £4,570 sqm

## 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 chart below for BH15 1 (Poole) compared with both the wider area BH15 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Poole,Poole
House price trends for Poole

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BH15 1 sales
Recent trends for Poole

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Poole to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Newfoundland Drive, Poole, BH15 1Y 75 sqm £2,921 24
Avenel Way, Poole, BH15 1E 68 sqm £3,337 23
Vallis Close, Poole, BH15 1X 56 sqm £3,884 17
Mount Pleasant Road, Poole, BH15 1T 76 sqm £3,526 17
Seldown Road, Poole, BH15 1T 52 sqm £2,569 15
Labrador Drive, Poole, BH15 1U 66 sqm £5,387 15
Mount Pleasant Road, Poole, BH15 1U 43 sqm £2,534 14
Market Close, Poole, BH15 1N 91 sqm £2,768 12

## New build activity

Street Avg size Avg £sqm New build sales
West Quay Road, Poole, BH15 1J 63 sqm £4,314 10

West Quay Road, Poole, BH15 1J has seen 10 new build sales in the last 4 years (average price £331,000). These new build homes typically have an internal area of 63 sqm, with an average price of £4,314 sqm. This £sqm average is £834 above the average for BH15 1. New builds typically command a £ per sqm premium so this is normal.

## 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.