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).


Defining 'BH22 8'

This analysis is limited to properties whose postcode starts with "BH22 8", 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 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. 9, Gallows Drive, West Parley, Ferndown, sold for £625,000 on Feb-2024. Given the internal area of 187 square metres, the price per sqm is £3,342.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 276 sales in West Parley (BH22 8) that took place in the last two years.

Distribution of £ per sqm for West Parley (BH22 8)
Distribution of £ per sqm house prices in West Parley

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 West Parley (BH22 8). Of the 276 transactions, half were sold for between £3,680 and £5,000 per square metre. The median, or 'middle', price per square metre in 'BH22 8' is £4,330. Notably, only 25% of properties that sold recently were valued at more than £5,000m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for West Parley

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 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.

Property price heatmap for West Parley
House price heatmap for West Parley

Comparison with neighbouring postcode sectors

The table below shows how 'BH22 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH22 8 West Parley £3,680m2 £4,330m2 £5,000m2
BH22 0 West Moors £3,680m2 £4,680m2 £5,330m2
BH22 9 Ferndown £3,630m2 £4,350m2 £5,230m2

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.

Price per square metre in West Parley (BH22 8) over time
House price trends for West Parley

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
New Road, West Parley, BH22 8E 113m2 £3,875 51
Fernlea Avenue, West Parley, BH22 8H 59m2 £3,528 31
Dudsbury Avenue, West Parley, BH22 8D 134m2 £3,944 29
Golf Links Road, West Parley, BH22 8B 167m2 £4,254 28
Christchurch Road, West Parley, BH22 8S 117m2 £4,356 24
Wollaton Road, West Parley, BH22 8Q 127m2 £4,062 21
Chine Walk, West Parley, BH22 8P 169m2 £4,434 18
Aldridge Road, West Parley, BH22 8L 102m2 £3,465 17

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Golf Links Road, West Parley, BH22 8F 95m2 £4,447 12

Golf Links Road, West Parley, BH22 8F has seen 12 new build sales in the last 4 years (average price £415,000). These new build homes typically have an internal area of 95 m2, with an average price of £4,447 m2. This £sqm average is £117 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
9, Gallows Drive, West Parley, Ferndown £625,000
Feb-2024
187 3,342
13, Wight Walk, West Parley, Ferndown £590,000
Feb-2024
122 4,836
Flat 39 Alexandria Court, Glenmoor Rd, West Parley, Ferndown £180,000
Feb-2024
69 2,608

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