Feb 07, 2023 by HM

House prices in West Parley (BH22 8)

This article reveals price per square metre data and various charts to help you understand current housing market in West Parley (BH22 8).

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Price per square metre

Knowing the average house price in West Parley 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. Flat 60 St. Marys Mews, 1, Fernlea Avenue, West Parley, Ferndown, sold for £192,500 on Sep-2023. Given the internal area of 59 square metres, the price per sqm is £3,262.

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 300 sales in West Parley (BH22 8) 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 West Parley (BH22 8). Of the 300 transactions, half were sold for between £3,630 and £4,960 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,960m². 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 'BH22 8' is £4,310. The table below shows how 'BH22 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH22 8 West Parley	£3,630m2	£4,310m2	£4,960m2
BH22 9 Ferndown	£3,600m2	£4,310m2	£5,170m2
BH22 0 West Moors	£3,660m2	£4,620m2	£5,250m2

Will West Parley 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 BH22 8 (West Parley). 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 BH22 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for West Parley

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 West Parley. 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 West Parley

Street level data

Street	Avg size	Avg £/m2	Recent sales
New Road, West Parley, BH22 8E	113m2	£3,776	52
Fernlea Avenue, West Parley, BH22 8H	59m2	£3,538	31
Golf Links Road, West Parley, BH22 8B	168m2	£3,967	29
Dudsbury Avenue, West Parley, BH22 8D	134m2	£4,053	27
Wollaton Road, West Parley, BH22 8Q	127m2	£4,025	22
Christchurch Road, West Parley, BH22 8S	117m2	£4,208	20
Chine Walk, West Parley, BH22 8P	170m2	£4,474	19
Fairways, West Parley, BH22 8B	93m2	£4,299	18

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Golf Links Road, West Parley, BH22 8F	95m2	£4,423	14

Golf Links Road, West Parley, BH22 8F has seen 14 new build sales in the last 4 years (average price £423,575). These new build homes typically have an internal area of 95 m2, with an average price of £4,423 m2. This £sqm average is £113 above the average for BH22 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of West Parley 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
Flat 60 St. Marys Mews, 1, Fernlea Avenue, West Parley, Ferndown	£192,500 Sep-2023	59	3,262
Flat 3 Elysium Court, 19, Aldridge Rd, West Parley, Ferndown	£275,000 Sep-2023	73	3,767
8, Gallows Drive, West Parley, Ferndown	£925,000 Sep-2023	214	4,322

See the entire list of all sales in West Parley (BH22 8) here.