Feb 07, 2023 by HM

House prices in Poole (BH16 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Poole (BH16 5).

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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. 5, Maryland Road, Poole, Lytchett Matravers, sold for £270,000 on Aug-2023. Given the internal area of 81 square metres, the price per sqm is £3,333.

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 230 sales in Poole (BH16 5) 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 (BH16 5). Of the 230 transactions, half were sold for between £3,450 and £4,540 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,540m². 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 'BH16 5' is £3,930. The table below shows how 'BH16 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH16 6 Lytchett Matravers	£3,660m2	£4,150m2	£4,700m2
BH16 5 Poole	£3,450m2	£3,930m2	£4,540m2

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 BH16 5 (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 BH16 5 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
Blandford Road, Poole, BH16 5E	85m2	£3,461	35
Allens Road, Poole, BH16 5B	77m2	£3,810	22
Gorse Lane, Poole, BH16 5R	63m2	£3,832	21
Sandy Lane, Poole, BH16 5L	114m2	£4,299	18
Furzey Road, Poole, BH16 5R	62m2	£3,895	17
Redwood Road, Poole, BH16 5Q	69m2	£4,295	16
Tree Hamlets, Poole, BH16 5S	62m2	£4,008	15
Egmont Road, Poole, BH16 5A	83m2	£2,920	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Swann Hill Gardens, Poole, BH16 5F	84m2	£3,675	22

Swann Hill Gardens, Poole, BH16 5F has seen 22 new build sales in the last 4 years (average price £292,139). These new build homes typically have an internal area of 84 m2, with an average price of £3,675 m2. This £sqm average is £-255 below the average for BH16 5. New builds typically command a £ per sqm premium. In the case of Swann Hill Gardens 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, Maryland Rd, Poole, Lytchett Matravers	£270,000 Aug-2023	81	3,333
2, Oakley Gardens, Poole, Lytchett Matravers	£195,000 Aug-2023	42	4,642
27, Allens Rd, Poole, Lytchett Matravers	£250,000 Aug-2023	78	3,205

See the entire list of all sales in Poole (BH16 5) here.