Feb 07, 2023 by HM

House prices in Lytchett Matravers (BH16 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Lytchett Matravers (BH16 6).


Price per square metre

Knowing the average house price in Lytchett Matravers 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. 14, Purbeck Close, Lytchett Matravers, sold for £361,000 on Sep-2023. Given the internal area of 60 square metres, the price per sqm is £6,016.

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 98 sales in Lytchett Matravers (BH16 6) that took place in the last two years.

Distribution of £ per sqm for Lytchett Matravers (BH16 6)
Distribution of £ per sqm house prices in Lytchett Matravers

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 Lytchett Matravers (BH16 6). Of the 98 transactions, half were sold for between £3,660 and £4,700 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,700m2. 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 6' is £4,150. The table below shows how 'BH16 6' 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 Lytchett Matravers 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 6 (Lytchett Matravers). 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 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Lytchett Matravers (BH16 6) over time
House price trends for Lytchett Matravers

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Lytchett Matravers 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 Lytchett Matravers data or any other data I am given.

Price map for Lytchett Matravers

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 Lytchett Matravers. 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.

Property price heatmap for Lytchett Matravers
House price heatmap for Lytchett Matravers

Street level data

Street Avg size Avg £/m2 Recent sales
Wareham Road, Lytchett Matravers, BH16 6D 108m2 £3,580 30
High Street, Lytchett Matravers, BH16 6B 89m2 £3,282 18
Hannams Close, Lytchett Matravers, BH16 6D 81m2 £3,438 11
The Spinney, Lytchett Matravers, BH16 6A 72m2 £3,958 8
Lockyers Way, Lytchett Matravers, BH16 6L 74m2 £3,214 8
Old Chapel Drive, Lytchett Matravers, BH16 6H 123m2 £3,870 6
Charborough Close, Lytchett Matravers, BH16 6D 112m2 £4,032 6
Deans Drove, Lytchett Matravers, BH16 6E 162m2 £4,090 6

Search for your street here.

Raw data

Our analysis of Lytchett Matravers 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
14, Purbeck Close, Lytchett Matravers £361,000
Sep-2023
60 6,016
Monkshill, Flowers Drove, Lytchett Matravers £600,000
Sep-2023
144 4,166
6, Hopmans Close, Lytchett Matravers £447,950
Aug-2023
81 5,530

See the entire list of all sales in Lytchett Matravers (BH16 6) 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.