Feb 07, 2023 by HM

House prices in Poole (BH15 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Poole (BH15 1).

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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. 9, Thames Mews, Poole, sold for £465,000 on Sep-2023. Given the internal area of 112 square metres, the price per sqm is £4,151.

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. £3,800-£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 171 sales in Poole (BH15 1) 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 (BH15 1). Of the 171 transactions, half were sold for between £2,800 and £4,410 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,410m². 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 'BH15 1' is £3,520. The table below shows how 'BH15 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH15 3 Poole	£3,550m2	£4,030m2	£4,740m2
BH15 1 Poole	£2,800m2	£3,520m2	£4,410m2
BH15 4 Poole	£3,480m2	£3,960m2	£4,570m2
BH15 2 Poole	£3,130m2	£3,760m2	£4,370m2

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 BH15 1 (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 BH15 1 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
Newfoundland Drive, Poole, BH15 1Y	75m2	£2,856	27
Avenel Way, Poole, BH15 1E	68m2	£3,238	24
Mount Pleasant Road, Poole, BH15 1T	76m2	£3,477	19
Seldown Road, Poole, BH15 1T	52m2	£2,581	16
Vallis Close, Poole, BH15 1X	57m2	£4,038	14
Labrador Drive, Poole, BH15 1U	66m2	£5,452	13
Market Close, Poole, BH15 1N	90m2	£2,790	12
Mount Pleasant Road, Poole, BH15 1U	44m2	£2,530	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
West Quay Road, Poole, BH15 1J	64m2	£4,314	10

West Quay Road, Poole, BH15 1J has seen 10 new build sales in the last 4 years (average price £305,576). These new build homes typically have an internal area of 64 m2, with an average price of £4,314 m2. This £sqm average is £794 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.

Address	Paid	m2	£/m2
9, Thames Mews, Poole	£465,000 Sep-2023	112	4,151
60, Waldren Close, Poole	£320,000 Aug-2023	60	5,333
5, Taverner Close, Poole	£235,000 Aug-2023	58	4,051

See the entire list of all sales in Poole (BH15 1) here.