Feb 07, 2023 by HM

House prices in Bournemouth (BH3 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Bournemouth (BH3 7).

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Price per square metre

Knowing the average house price in Bournemouth 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. 36a, Belvedere Road, Bournemouth, sold for £160,000 on Aug-2023. Given the internal area of 74 square metres, the price per sqm is £2,162.

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. £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 140 sales in Bournemouth (BH3 7) 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 Bournemouth (BH3 7). Of the 140 transactions, half were sold for between £3,260 and £4,730 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,730m². 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 'BH3 7' is £4,040. The table below shows how 'BH3 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH3 7 Bournemouth	£3,260m2	£4,040m2	£4,730m2

Will Bournemouth 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 BH3 7 (Bournemouth). 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 BH3 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Bournemouth

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 Bournemouth. 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 Bournemouth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Talbot Avenue, Bournemouth, BH3 7H	91m2	£2,998	20
East Avenue, Bournemouth, BH3 7B	183m2	£3,692	18
Keith Road, Bournemouth, BH3 7D	165m2	£5,167	18
St Lukes Road, Bournemouth, BH3 7L	149m2	£3,684	16
Dulsie Road, Bournemouth, BH3 7E	138m2	£5,473	14
Meyrick Park Crescent, Bournemouth, BH3 7A	85m2	£4,055	12
Wimborne Road, Bournemouth, BH3 7A	85m2	£3,397	11
East Avenue, Bournemouth, BH3 7D	233m2	£3,959	11

Search for your street here.

Raw data

Our analysis of Bournemouth 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
36a, Belvedere Rd, Bournemouth	£160,000 Aug-2023	74	2,162
11, Keith Rd, Bournemouth	£820,000 Aug-2023	160	5,125
97, East Avenue, Bournemouth	£1,087,500 Aug-2023	238	4,569

See the entire list of all sales in Bournemouth (BH3 7) here.