Feb 07, 2023 by HM

House prices in Colehill (BH21 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Colehill (BH21 2).


Defining 'BH21 2'

This analysis is limited to properties whose postcode starts with "BH21 2", 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 Colehill 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. 27, Jessopp Road, Colehill, Wimborne, sold for £423,000 on Feb-2024. Given the internal area of 106 square metres, the price per sqm is £3,990.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 226 sales in Colehill (BH21 2) that took place in the last two years.

Distribution of £ per sqm for Colehill (BH21 2)
Distribution of £ per sqm house prices in Colehill

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 Colehill (BH21 2). Of the 226 transactions, half were sold for between £3,930 and £5,260 per square metre. The median, or 'middle', price per square metre in 'BH21 2' is £4,580. Notably, only 25% of properties that sold recently were valued at more than £5,260m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Colehill

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 Colehill. 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 Colehill
House price heatmap for Colehill

Comparison with neighbouring postcode sectors

The table below shows how 'BH21 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH21 4 Sturminster Marshall £3,750m2 £4,320m2 £5,020m2
BH21 8 Woodlands £4,680m2 £5,550m2 £5,680m2
BH21 5 Cranborne £3,800m2 £4,250m2 £5,500m2
BH21 6 Three Legged Cross £3,590m2 £4,320m2 £4,730m2
BH21 1 Merley £3,770m2 £4,460m2 £5,160m2
BH21 2 Colehill £3,930m2 £4,580m2 £5,260m2
BH21 3 Corfe Mullen £3,790m2 £4,270m2 £4,890m2
BH21 7 Holt £4,390m2 £5,490m2 £6,020m2

Will Colehill 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 BH21 2 (Colehill). 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 BH21 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Colehill (BH21 2) over time
House price trends for Colehill

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Cutlers Place, Colehill, BH21 2H 90m2 £3,826 29
Wimborne Road West, Colehill, BH21 2D 118m2 £3,722 24
Bridle Way, Colehill, BH21 2U 90m2 £4,176 24
Hayes Lane, Colehill, BH21 2J 113m2 £4,425 21
Martindale Avenue, Colehill, BH21 2L 94m2 £4,929 14
The Vineries, Colehill, BH21 2P 108m2 £4,314 13
Barnes Crescent, Colehill, BH21 2A 75m2 £3,878 13
Middlehill Road, Colehill, BH21 2H 140m2 £4,663 12

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Augustin Drive, Colehill, BH21 2F 157m2 £5,708 13
Larch Wood Avenue, Colehill, BH21 2G 116m2 £4,143 9

Augustin Drive, Colehill, BH21 2F has seen 13 new build sales in the last 4 years (average price £879,380). These new build homes typically have an internal area of 157 m2, with an average price of £5,708 m2. This £sqm average is £1128 above the average for BH21 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Colehill 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
27, Jessopp Rd, Colehill, Wimborne £423,000
Feb-2024
106 3,990
16, Bridle Way, Colehill, Wimborne £320,000
Jan-2024
60 5,333
12, Cedar Drive, Colehill, Wimborne £485,000
Jan-2024
95 5,105

See the entire list of all sales in Colehill (BH21 2) 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.