Feb 07, 2023 by HM

House prices in Verwood (BH31 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Verwood (BH31 7).


Defining 'BH31 7'

This analysis is limited to properties whose postcode starts with "BH31 7", 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 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. 2, Coronation Road, Verwood, sold for £600,000 on Jan-2024. Given the internal area of 134 square metres, the price per sqm is £4,477.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 98 sales in Verwood (BH31 7) that took place in the last two years.

Distribution of £ per sqm for Verwood (BH31 7)
Distribution of £ per sqm house prices in Verwood

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 Verwood (BH31 7). Of the 98 transactions, half were sold for between £3,570 and £4,850 per square metre. The median, or 'middle', price per square metre in 'BH31 7' is £4,270. Notably, only 25% of properties that sold recently were valued at more than £4,850m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Verwood

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 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.

Property price heatmap for Verwood
House price heatmap for Verwood

Comparison with neighbouring postcode sectors

The table below shows how 'BH31 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BH31 7 Verwood £3,570m2 £4,270m2 £4,850m2
BH31 6 Verwood £4,030m2 £4,580m2 £5,080m2

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 7 (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 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Verwood (BH31 7) over time
House price trends for Verwood

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Ringwood Road, Verwood, BH31 7A 113m2 £3,485 36
Albion Way, Verwood, BH31 7L 96m2 £4,395 31
The Chase, Verwood, BH31 7D 101m2 £4,390 18
Peel Close, Verwood, BH31 7Q 62m2 £3,226 15
Peel Close, Verwood, BH31 7A 53m2 £3,578 9
Woodland Close, Verwood, BH31 7P 114m2 £3,849 8
Noon Hill Drive, Verwood, BH31 7X 105m2 £4,238 8
Starlight Farm Close, Verwood, BH31 7B 129m2 £3,504 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Westworth Way, Verwood, BH31 7B 100m2 £4,324 26

Westworth Way, Verwood, BH31 7B has seen 26 new build sales in the last 4 years (average price £429,033). These new build homes typically have an internal area of 100 m2, with an average price of £4,324 m2. This £sqm average is £54 above the average for BH31 7. New builds typically command a £ per sqm premium so this is normal.

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
2, Coronation Rd, Verwood £600,000
Jan-2024
134 4,477
60, Albion Way, Verwood £440,000
Jan-2024
131 3,358
1, Holm Oak Close, Verwood £435,000
Jan-2024
99 4,393

See the entire list of all sales in Verwood (BH31 7) 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.