Feb 07, 2023 by HM

House prices in Poole (BH15 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Poole (BH15 4).


Defining 'BH15 4'

This analysis is limited to properties whose postcode starts with "BH15 4", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 5, Woodlands Avenue, Poole, sold for £610,000 on Feb-2024. Given the internal area of 112 square metres, the price per sqm is £5,446.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 249 sales in Poole (BH15 4) that took place in the last two years.

Distribution of £ per sqm for Poole (BH15 4)
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 4). Of the 249 transactions, half were sold for between £3,470 and £4,570 per square metre. The median, or 'middle', price per square metre in 'BH15 4' is £4,000. Notably, only 25% of properties that sold recently were valued at more than £4,570m2. 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.

Property price heatmap for Poole
House price heatmap for Poole

Comparison with neighbouring postcode sectors

The table below shows how 'BH15 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH15 3 Poole £3,480m2 £4,000m2 £4,720m2
BH15 2 Poole £3,260m2 £3,810m2 £4,440m2
BH15 4 Poole £3,470m2 £4,000m2 £4,570m2
BH15 1 Poole £2,850m2 £3,530m2 £4,400m2

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 4 (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 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Poole (BH15 4) over time
House price trends for Poole

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Lake Road, Poole, BH15 4L 96m2 £4,047 29
Blandford Road, Poole, BH15 4J 77m2 £3,128 25
Symes Road, Poole, BH15 4P 75m2 £3,778 23
Norton Way, Poole, BH15 4G 64m2 £3,775 23
Woodlands Avenue, Poole, BH15 4E 106m2 £4,618 23
Stabler Way, Poole, BH15 4F 90m2 £3,597 21
Hewitt Road, Poole, BH15 4Q 67m2 £3,646 21
Lake Avenue, Poole, BH15 4Q 124m2 £4,779 19

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Abraham Drive, Poole, BH15 4F 83m2 £3,872 10

Abraham Drive, Poole, BH15 4F has seen 10 new build sales in the last 4 years (average price £328,494). These new build homes typically have an internal area of 83 m2, with an average price of £3,872 m2. This £sqm average is £-128 below the average for BH15 4. New builds typically command a £ per sqm premium. In the case of Abraham Drive 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
5, Woodlands Avenue, Poole £610,000
Feb-2024
112 5,446
390, Blandford Rd, Poole £293,500
Feb-2024
85 3,452
1, Lulworth Avenue, Poole £103,388
Feb-2024
61 1,694

See the entire list of all sales in Poole (BH15 4) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.