Feb 07, 2023 by HM

House prices in Ringwood (BH24 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Ringwood (BH24 3).

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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. 1 Lych Gate Court, Crow Lane, Ringwood, sold for £765,000 on Oct-2023. Given the internal area of 179 square metres, the price per sqm is £4,273.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 79 sales in Ringwood (BH24 3) 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 Ringwood (BH24 3). Of the 79 transactions, half were sold for between £4,150 and £5,350 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,350m². 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 'BH24 3' is £4,980. The table below shows how 'BH24 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH24 1 Ringwood	£3,640m2	£4,200m2	£4,820m2
BH24 2 Ashley Heath	£4,310m2	£4,850m2	£5,350m2
BH24 4 Burley	£5,700m2	£6,470m2	£7,420m2
BH24 3 Ringwood	£4,150m2	£4,980m2	£5,350m2

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 scatter plot below for BH24 3 (Ringwood). 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 BH24 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Ringwood data or any other data I am given.

Price map for Ringwood

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Ringwood

Street level data

Street	Avg size	Avg £/m2	Recent sales
Christchurch Road, Ringwood, BH24 3A	90m2	£3,870	25
Kingfisher Way, Ringwood, BH24 3L	83m2	£4,249	20
Hightown Gardens, Ringwood, BH24 3E	69m2	£4,215	13
Narrowleaf Drive, Ringwood, BH24 3F	89m2	£4,206	11
Lin Brook Drive, Ringwood, BH24 3L	114m2	£3,890	9
Chard Lane, Ringwood, BH24 3F	97m2	£4,222	7
New Road, Ringwood, BH24 3A	115m2	£4,402	7
Crow Lane, Ringwood, BH24 3D	137m2	£4,950	6

Search for your street here.

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.

Address	Paid	m2	£/m2
1 Lych Gate Court, Crow Lane, Ringwood	£765,000 Oct-2023	179	4,273
16, Albany Terrace, Ringwood	£255,000 Oct-2023	76	3,355
24, Narrowleaf Drive, Ringwood	£527,500 Sep-2023	113	4,668

See the entire list of all sales in Ringwood (BH24 3) here.