Feb 07, 2023 by HM

House prices in Burley (BH24 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Burley (BH24 4).


Defining 'BH24 4'

This analysis is limited to properties whose postcode starts with "BH24 4", 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 Burley 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. 33, Warnes Lane, Burley, Ringwood, sold for £540,000 on Feb-2024. Given the internal area of 103 square metres, the price per sqm is £5,242.

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. £6,250-£6,500, £6,500-£6,750, £6,750-£7,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 28 sales in Burley (BH24 4) that took place in the last two years.

Distribution of £ per sqm for Burley (BH24 4)
Distribution of £ per sqm house prices in Burley

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 Burley (BH24 4). Of the 28 transactions, half were sold for between £5,260 and £7,180 per square metre. The median, or 'middle', price per square metre in 'BH24 4' is £6,430. Notably, only 25% of properties that sold recently were valued at more than £7,180m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Burley

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 Burley. 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 Burley
House price heatmap for Burley

Comparison with neighbouring postcode sectors

The table below shows how 'BH24 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH24 4 Burley £5,260m2 £6,430m2 £7,180m2
BH24 3 Ringwood £4,150m2 £4,940m2 £5,380m2
BH24 2 Ashley Heath £4,320m2 £4,810m2 £5,350m2
BH24 1 Ringwood £3,560m2 £4,190m2 £4,810m2

Will Burley 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 4 (Burley). 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 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Burley (BH24 4) over time
House price trends for Burley

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Pound Lane, Burley, BH24 4E 163m2 £5,585 8
Copse Road, Burley, BH24 4E 101m2 £5,663 7
Warnes Lane, Burley, BH24 4E 108m2 £4,197 6
Garden Road, Burley, BH24 4E 137m2 £5,669 5

Search for your street here.

Raw data

Our analysis of Burley 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
33, Warnes Lane, Burley, Ringwood £540,000
Feb-2024
103 5,242
Oak Lodge, 11, Honey Lane, Burley, Ringwood £915,000
Feb-2024
134 6,828
19, Garden Rd, Burley, Ringwood £432,150
Feb-2024
89 4,855

See the entire list of all sales in Burley (BH24 4) 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.