Feb 07, 2023 by HM

House prices in Corfe Mullen (BH21 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Corfe Mullen (BH21 3).


Defining 'BH21 3'

This analysis is limited to properties whose postcode starts with "BH21 3", 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 Corfe Mullen 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. 7, Hilltop Road, Corfe Mullen, Wimborne, sold for £310,000 on Feb-2024. Given the internal area of 87 square metres, the price per sqm is £3,563.

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 216 sales in Corfe Mullen (BH21 3) that took place in the last two years.

Distribution of £ per sqm for Corfe Mullen (BH21 3)
Distribution of £ per sqm house prices in Corfe Mullen

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 Corfe Mullen (BH21 3). Of the 216 transactions, half were sold for between £3,790 and £4,890 per square metre. The median, or 'middle', price per square metre in 'BH21 3' is £4,270. Notably, only 25% of properties that sold recently were valued at more than £4,890m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Corfe Mullen

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 Corfe Mullen. 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 Corfe Mullen
House price heatmap for Corfe Mullen

Comparison with neighbouring postcode sectors

The table below shows how 'BH21 3' 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 Corfe Mullen 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 3 (Corfe Mullen). 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 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Corfe Mullen (BH21 3) over time
House price trends for Corfe Mullen

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Henbury View Road, Corfe Mullen, BH21 3T 67m2 £3,614 19
Rushcombe Way, Corfe Mullen, BH21 3Q 93m2 £3,866 17
Wareham Road, Corfe Mullen, BH21 3L 113m2 £4,085 16
Hillside Road, Corfe Mullen, BH21 3S 123m2 £4,020 14
Wareham Road, Corfe Mullen, BH21 3J 127m2 £4,170 14
Phelipps Road, Corfe Mullen, BH21 3N 95m2 £3,656 13
Blandford Road, Corfe Mullen, BH21 3H 139m2 £4,156 13
Hadrian Way, Corfe Mullen, BH21 3X 71m2 £5,008 13

Search for your street here.

Raw data

Our analysis of Corfe Mullen 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
7, Hilltop Rd, Corfe Mullen, Wimborne £310,000
Feb-2024
87 3,563
Appledore, 57, Arrowsmith Rd, Corfe Mullen, Wimborne £760,000
Jan-2024
131 5,801
38, Hillside Rd, Corfe Mullen, Wimborne £505,000
Jan-2024
132 3,825

See the entire list of all sales in Corfe Mullen (BH21 3) 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.