Feb 07, 2023 by HM

House prices in Verwood (BH31 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Verwood (BH31 6).

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Price per square metre

Knowing the average house price in Verwood 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. 6, Pine Walk, Verwood, sold for £465,000 on Oct-2023. Given the internal area of 99 square metres, the price per sqm is £4,696.

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. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 259 sales in Verwood (BH31 6) 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 Verwood (BH31 6). Of the 259 transactions, half were sold for between £4,040 and £5,020 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,020m². 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 'BH31 6' is £4,590. The table below shows how 'BH31 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BH31 6 Verwood	£4,040m2	£4,590m2	£5,020m2
BH31 7 Verwood	£3,680m2	£4,340m2	£4,860m2

Will Verwood 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 BH31 6 (Verwood). 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 BH31 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Verwood

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 Verwood. 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 Verwood

Street level data

Street	Avg size	Avg £/m2	Recent sales
Woodlinken Drive, Verwood, BH31 6B	122m2	£4,491	20
Hazelwood Drive, Verwood, BH31 6Y	95m2	£4,014	19
The Curlews, Verwood, BH31 6N	65m2	£4,308	17
Hainault Drive, Verwood, BH31 6L	85m2	£4,473	16
Belmont Close, Verwood, BH31 6J	55m2	£4,355	16
Owls Road, Verwood, BH31 6H	62m2	£4,188	16
Kiln Way, Verwood, BH31 6G	83m2	£3,907	15
Lake Road, Verwood, BH31 6B	123m2	£4,555	15

Search for your street here.

Raw data

Our analysis of Verwood 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
6, Pine Walk, Verwood	£465,000 Oct-2023	99	4,696
40, Manor Rd, Verwood	£670,000 Oct-2023	96	6,979
Flat 4 Church Hill Court, Church Hill, Verwood	£243,000 Sep-2023	64	3,796

See the entire list of all sales in Verwood (BH31 6) here.