Feb 07, 2023 by HM

House prices in Christchurch (BH23 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Christchurch (BH23 1).


Price per square metre

Knowing the average house price in Christchurch 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. 5a, Bridge Street, Christchurch, sold for £211,000 on Sep-2023. Given the internal area of 77 square metres, the price per sqm is £2,740.

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 180 sales in Christchurch (BH23 1) that took place in the last two years.

Distribution of £ per sqm for Christchurch (BH23 1)
Distribution of £ per sqm house prices in Christchurch

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 Christchurch (BH23 1). Of the 180 transactions, half were sold for between £3,540 and £5,250 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,250m2. 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 'BH23 1' is £4,300. The table below shows how 'BH23 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH23 7 Burton £3,860m2 £4,280m2 £4,930m2
BH23 4 Highcliffe £4,430m2 £5,300m2 £6,460m2
BH23 5 Highcliffe £3,670m2 £4,330m2 £5,490m2
BH23 1 Christchurch £3,540m2 £4,300m2 £5,250m2
BH23 6 Hurn £3,310m2 £4,050m2 £4,640m2
BH23 2 Christchurch £3,880m2 £4,610m2 £5,250m2
BH23 3 Purewell £3,870m2 £4,560m2 £5,520m2
BH23 8 Bransgore £3,930m2 £4,690m2 £5,490m2

Will Christchurch 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 BH23 1 (Christchurch). 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 BH23 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Christchurch (BH23 1) over time
House price trends for Christchurch

Hover on any blue dot to see details of specific sales

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

Price map for Christchurch

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 Christchurch. 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 Christchurch
House price heatmap for Christchurch

Street level data

Street Avg size Avg £/m2 Recent sales
Stour Road, Christchurch, BH23 1J 62m2 £3,214 32
Purewell, Christchurch, BH23 1E 72m2 £3,701 29
Barrack Road, Christchurch, BH23 1P 53m2 £2,662 20
Stony Lane South, Christchurch, BH23 1F 58m2 £3,817 13
Wickfield Avenue, Christchurch, BH23 1J 145m2 £6,009 12
Wick Lane, Christchurch, BH23 1F 75m2 £4,501 12
Bargates, Christchurch, BH23 1Q 58m2 £3,170 12
Gleadowe Avenue, Christchurch, BH23 1L 98m2 £4,421 11

Search for your street here.

Raw data

Our analysis of Christchurch 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
5a, Bridge St, Christchurch £211,000
Sep-2023
77 2,740
64, Purewell, Christchurch £355,000
Aug-2023
82 4,329
Flat 40 Priory Lodge, Stony Lane South, Christchurch £175,000
Aug-2023
43 4,069

See the entire list of all sales in Christchurch (BH23 1) 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.