House prices in DT1 3 (Poundbury)

This article reveals price per square metre data and various charts to help you understand current housing market in Poundbury, Dorchester (DT1 3).

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Defining 'DT1 3'

This analysis is limited to properties whose postcode starts with "DT1 3", 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 Poundbury.

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 Poundbury 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, Woodlands Crescent, Poundbury, Dorchester, sold for £560,000 on Mar-2024. Given the internal area of 124 square metres, the price per sqm is £4,516.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 151 sales in Poundbury (DT1 3) 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 Poundbury (DT1 3). Of the 151 transactions, half were sold for between £3,320 and £4,390 per square metre. The median, or 'middle', price per square metre in 'DT1 3' is £3,790. Notably, only 25% of properties that sold recently were valued at more than £4,390 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 Poundbury, Dorchester

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 Dorchester. 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 Poundbury, Dorchester

Comparison with neighbouring postcode sectors

The table below shows how 'DT1 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DT1 1 Dorchester	£2,680 sqm	£3,160 sqm	£3,980 sqm
DT1 3 Poundbury	£3,320 sqm	£3,790 sqm	£4,390 sqm
DT1 2 Dorchester	£3,200 sqm	£3,740 sqm	£4,400 sqm

Will Dorchester 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 DT1 3 (Poundbury) compared with both the wider area DT1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

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 Dorchester 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 Dorchester 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
Bowes Lyon Place, Poundbury, DT1 3D	72 sqm	£4,102	24
Pavilion Green, Poundbury, DT1 3D	177 sqm	£4,994	13
Queen Mother Square, Poundbury, DT1 3B	68 sqm	£2,450	13
Liscombe Street, Poundbury, DT1 3D	113 sqm	£3,974	11
Woodlands Crescent, Poundbury, DT1 3R	138 sqm	£4,157	11
Marsden Street, Poundbury, DT1 3D	114 sqm	£3,236	10
Crown Place, Poundbury, DT1 3F	84 sqm	£3,274	10
Holmead Walk, Poundbury, DT1 3G	128 sqm	£3,776	10

Search for your street here.

Raw data

Our analysis of Poundbury 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, Woodlands Crescent, Poundbury, Dorchester	£560,000 Mar-2024	124	4,516
Flat 4 14, Beechwood Lane, Poundbury, Dorchester	£315,000 Feb-2024	93	3,387
4, Wadebridge Lane, Poundbury, Dorchester	£875,000 Feb-2024	167	5,239

See the entire list of all sales in Poundbury (DT1 3) here.