Feb 07, 2023 by HM

House prices in New Milton (BH25 5)

This article reveals price per square metre data and various charts to help you understand current housing market in New Milton (BH25 5).

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Price per square metre

Knowing the average house price in New Milton 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. Monks Barn, 1, Lake Grove Road, New Milton, sold for £925,000 on Oct-2023. Given the internal area of 192 square metres, the price per sqm is £4,817.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 264 sales in New Milton (BH25 5) 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 New Milton (BH25 5). Of the 264 transactions, half were sold for between £3,880 and £5,430 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,430m². 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 'BH25 5' is £4,720. The table below shows how 'BH25 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH25 5 New Milton	£3,880m2	£4,720m2	£5,430m2
BH25 6 New Milton	£3,150m2	£3,980m2	£4,750m2
BH25 7 Barton On Sea	£4,330m2	£5,280m2	£6,240m2

Will New Milton 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 BH25 5 (New Milton). 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 BH25 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for New Milton

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 New Milton. 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 New Milton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Eastlands, New Milton, BH25 5P	51m2	£4,042	38
Manor Road, New Milton, BH25 5E	105m2	£3,947	29
Pennywell Gardens, New Milton, BH25 5Y	49m2	£4,290	20
Doe Copse Way, New Milton, BH25 5G	77m2	£4,576	17
Fernhill Lane, New Milton, BH25 5S	76m2	£3,040	17
Barrs Avenue, New Milton, BH25 5G	53m2	£2,773	13
High Ridge Crescent, New Milton, BH25 5B	115m2	£4,073	13
Barton Common Road, New Milton, BH25 5P	228m2	£5,498	13

Search for your street here.

Raw data

Our analysis of New Milton 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
Monks Barn, 1, Lake Grove Rd, New Milton	£925,000 Oct-2023	192	4,817
Swiftsure, Smithy Lane, New Milton	£740,000 Oct-2023	117	6,324
7, Hart Close, New Milton	£346,000 Oct-2023	81	4,271

See the entire list of all sales in New Milton (BH25 5) here.