# House prices in BH24 1 (Ringwood)

## Defining 'BH24 1'

This analysis is limited to properties whose postcode starts with "BH24 1", 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 Ringwood.

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 Ringwood 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. 15, Deweys Lane, Ringwood, sold for £680,000 on Feb-2024. Given the internal area of 123 square metres, the price per sqm is £5,528.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 230 sales in Ringwood (BH24 1) that took place in the last two years.

##### Distribution of £ per sqm for Ringwood
Distribution of £ per sqm house prices in Ringwood

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 Ringwood (BH24 1). Of the 230 transactions, half were sold for between £3,620 and £4,770 per square metre. The median, or 'middle', price per square metre in 'BH24 1' is £4,210. Notably, only 25% of properties that sold recently were valued at more than £4,770 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 Ringwood

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 Ringwood. 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 Ringwood

## Comparison with neighbouring postcode sectors

The table below shows how 'BH24 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH24 4 Burley £5,250 sqm £6,390 sqm £6,960 sqm
BH24 1 Ringwood £3,620 sqm £4,210 sqm £4,770 sqm
BH24 2 Ashley Heath £4,310 sqm £4,800 sqm £5,340 sqm
BH24 3 Ringwood £4,160 sqm £4,990 sqm £5,440 sqm

## Will Ringwood 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 BH24 1 (Ringwood) compared with both the wider area BH24 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 Ringwood,Ringwood
House price trends for Ringwood

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 BH24 1 sales
Recent trends for Ringwood

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 Ringwood 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 Ringwood 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
Southampton Road, Ringwood, BH24 1J 80 sqm £3,385 20
Christchurch Road, Ringwood, BH24 1D 63 sqm £3,426 20
The Mount, Ringwood, BH24 1X 78 sqm £4,158 18
Eastfield Lane, Ringwood, BH24 1U 120 sqm £3,352 16
Bickerley Road, Ringwood, BH24 1E 61 sqm £2,856 15
Deweys Lane, Ringwood, BH24 1A 54 sqm £2,423 15
Kingsfield, Ringwood, BH24 1P 70 sqm £4,268 14
Hightown Road, Ringwood, BH24 1N 104 sqm £4,150 12

## Raw data

Our analysis of Ringwood 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.