# House prices in BH23 2 (Christchurch)

## Defining 'BH23 2'

This analysis is limited to properties whose postcode starts with "BH23 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Christchurch.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. 17, Windsor Road, Christchurch, sold for £490,000 on Mar-2024. Given the internal area of 74 square metres, the price per sqm is £6,621.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £4,150-£4,500, £4,500-£4,850, £4,850-£5,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 242 sales in Christchurch (BH23 2) that took place in the last two years.

##### Distribution of £ per sqm for Christchurch
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.

The spread of prices will give you a feel of the typical range to expect in Christchurch (BH23 2). Of the 242 transactions, half were sold for between £3,840 and £5,280 per square metre. The median, or 'middle', price per square metre in 'BH23 2' is £4,690. Notably, only 25% of properties that sold recently were valued at more than £5,280 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Christchurch

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 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.

House price heatmap for Christchurch

## Comparison with neighbouring postcode sectors

The table below shows how 'BH23 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH23 3 Christchurch £3,840 sqm £4,630 sqm £5,480 sqm
BH23 2 Christchurch £3,840 sqm £4,690 sqm £5,280 sqm
BH23 7 Burton £3,850 sqm £4,310 sqm £5,000 sqm
BH23 1 Christchurch £3,620 sqm £4,340 sqm £5,530 sqm
BH23 6 Hurn £4,080 sqm £4,470 sqm £5,180 sqm
BH23 4 Christchurch £4,410 sqm £5,290 sqm £6,510 sqm
BH23 5 Highcliffe £3,600 sqm £4,450 sqm £5,490 sqm
BH23 8 Bransgore £4,040 sqm £4,700 sqm £5,490 sqm

## 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 chart below for BH23 2 (Christchurch) compared with both the wider area BH23 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Christchurch,Christchurch
House price trends for Christchurch

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BH23 2 sales
Recent trends for Christchurch

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Christchurch to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Regency Crescent, Christchurch, BH23 2U 72 sqm £2,643 36
Fairmile Road, Christchurch, BH23 2L 91 sqm £3,576 27
River Way, Christchurch, BH23 2Q 134 sqm £4,697 23
Jumpers Road, Christchurch, BH23 2J 95 sqm £4,186 18
Portfield Road, Christchurch, BH23 2A 85 sqm £3,728 17
Canberra Road, Christchurch, BH23 2H 103 sqm £4,951 16
Barrack Road, Christchurch, BH23 2B 82 sqm £3,782 15
Stour Way, Christchurch, BH23 2P 121 sqm £4,026 14

## 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.