House prices in BH25 5 (New Milton)

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


Defining 'BH25 5'

This analysis is limited to properties whose postcode starts with "BH25 5", 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 New Milton.

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 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. 11, Floriston Gardens, New Milton, sold for £128,000 on Apr-2024. Given the internal area of 55 square metres, the price per sqm is £2,327.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 263 sales in New Milton (BH25 5) that took place in the last two years.

Distribution of £ per sqm for New Milton
Distribution of £ per sqm house prices in New Milton

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 New Milton (BH25 5). Of the 263 transactions, half were sold for between £3,820 and £5,350 per square metre. The median, or 'middle', price per square metre in 'BH25 5' is £4,680. Notably, only 25% of properties that sold recently were valued at more than £5,350 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 New Milton

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 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.

Property price heatmap for New Milton
House price heatmap for New Milton

Comparison with neighbouring postcode sectors

The table below shows how 'BH25 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH25 7 Barton On Sea £4,460 sqm £5,340 sqm £6,250 sqm
BH25 5 New Milton £3,820 sqm £4,680 sqm £5,350 sqm
BH25 6 New Milton £3,120 sqm £3,960 sqm £4,760 sqm

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 chart below for BH25 5 (New Milton) compared with both the wider area BH25 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 New Milton,New Milton
House price trends for New Milton

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 BH25 5 sales
Recent trends for New Milton

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 New Milton 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 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.

Street level data

Street Avg size Avg £sqm Recent sales
Eastlands, New Milton, BH25 5P 51 sqm £4,082 37
Manor Road, New Milton, BH25 5E 105 sqm £4,182 26
Pennywell Gardens, New Milton, BH25 5Y 49 sqm £4,335 21
Fernhill Lane, New Milton, BH25 5S 75 sqm £2,986 20
Rosewood Gardens, New Milton, BH25 5N 90 sqm £4,547 14
Doe Copse Way, New Milton, BH25 5G 77 sqm £4,745 14
Barrs Avenue, New Milton, BH25 5G 53 sqm £2,773 13
High Ridge Crescent, New Milton, BH25 5B 114 sqm £4,351 12

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 sqm £/sqm
11, Floriston Gardens, New Milton £128,000
Apr-2024
55 2,327
Nil-des, Ashley Lane, New Milton £425,000
Apr-2024
147 2,891
30, Lower Ashley Rd, New Milton £592,000
Apr-2024
132 4,484

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

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.