Feb 07, 2023 by HM

House prices in Poole (BH15 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Poole (BH15 2).

---

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. Flat 18 Andover Lodge, 94 - 98, Parkstone Road, Poole, sold for £140,000 on Oct-2023. Given the internal area of 63 square metres, the price per sqm is £2,222.

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 199 sales in Poole (BH15 2) 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 2). Of the 199 transactions, half were sold for between £3,210 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 2' is £3,760. The table below shows how 'BH15 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH15 4 Poole	£3,480m2	£3,970m2	£4,570m2
BH15 2 Poole	£3,210m2	£3,760m2	£4,410m2
BH15 3 Poole	£3,540m2	£4,020m2	£4,720m2
BH15 1 Poole	£2,830m2	£3,530m2	£4,420m2

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 2 (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 2 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
Parkstone Road, Poole, BH15 2N	75m2	£3,550	32
Longfleet Road, Poole, BH15 2H	78m2	£3,102	27
Parkstone Road, Poole, BH15 2Q	53m2	£2,705	24
Sterte Road, Poole, BH15 2A	90m2	£2,782	18
Garland Road, Poole, BH15 2L	90m2	£3,490	17
Churchfield Road, Poole, BH15 2F	78m2	£4,730	17
Kingston Road, Poole, BH15 2L	93m2	£3,013	16
St Marys Road, Poole, BH15 2L	94m2	£3,589	15

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Wimborne Road, Poole, BH15 2B	83m2	£3,869	14

Wimborne Road, Poole, BH15 2B has seen 14 new build sales in the last 4 years (average price £221,498). These new build homes typically have an internal area of 83 m2, with an average price of £3,869 m2. This £sqm average is £109 above the average for BH15 2. 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
Flat 18 Andover Lodge, 94 - 98, Parkstone Rd, Poole	£140,000 Oct-2023	63	2,222
Flat 15 Maidment Court, 47, Parkstone Rd, Poole	£240,000 Oct-2023	54	4,444
Flat 43 Maidment Court, 47, Parkstone Rd, Poole	£360,000 Sep-2023	71	5,070

See the entire list of all sales in Poole (BH15 2) here.