House prices in BH31 7 (Verwood)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BH31 7' (Verwood) - statistics were last calculated on 30 June 2024.

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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. There are no official names for postcode sectors so I've just labelled it Verwood.

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.

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FYI, a postcode sector is the full postcode without the last two letters.

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. Flat 3 Dukes Court, Jenner Close, Verwood, sold for £197,000 on May-2024. Given the internal area of 58 square metres, the price per sqm is £3,396.

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. £4,250-£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 97 sales in Verwood (BH31 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.

The spread of prices will give you a feel of the typical range to expect in Verwood (BH31 7). Of the 97 transactions, half were sold for between £3,570 and £4,860 per square metre. The median, or 'middle', price per square metre in 'BH31 7' is £4,260. Notably, only 25% of properties that sold recently were valued at more than £4,860 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 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.

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 6 Verwood	£4,040 sqm	£4,560 sqm	£5,070 sqm
BH31 7 Verwood	£3,570 sqm	£4,260 sqm	£4,860 sqm

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 chart below for BH31 7 (Verwood) compared with both the wider area BH31 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 Verwood 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 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Ringwood Road, Verwood, BH31 7A	113 sqm	£3,503	35
Albion Way, Verwood, BH31 7L	96 sqm	£4,383	33
The Chase, Verwood, BH31 7D	101 sqm	£4,445	19
Peel Close, Verwood, BH31 7Q	62 sqm	£3,227	14
Peel Close, Verwood, BH31 7A	53 sqm	£3,600	9
Starlight Farm Close, Verwood, BH31 7B	128 sqm	£3,982	9
Woodland Close, Verwood, BH31 7P	113 sqm	£3,932	9
Noon Hill Drive, Verwood, BH31 7X	105 sqm	£4,338	7

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Westworth Way, Verwood, BH31 7B	100 sqm	£4,300	26

Westworth Way, Verwood, BH31 7B has seen 26 new build sales in the last 4 years (average price £425,206). These new build homes typically have an internal area of 100 sqm, with an average price of £4,300 sqm. This £sqm average is £40 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	sqm	£/sqm
Flat 3 Dukes Court, Jenner Close, Verwood	£197,000 May-2024	58	3,396
38, The Chase, Verwood	£400,000 May-2024	94	4,255
4, Gorse Knoll Drive, Verwood	£630,000 May-2024	167	3,772

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