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House Prices in BH31

The average house price in BH31 (Verwood) is £402,166 using HM Land Registry data.

The average property price increased by £78,248 (16.3%) over the last 5 years and increased by £15,678 (2.63%) over the last 12 months.

Over the last year, there were 172 residential property sales – a decrease of 51 transactions (-29.65%) relative to the previous year. The majority of house sales (39) were in the £384,000 - £456,000 range. Then came properties in the £456,000 - £528,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,687 (-2%).

In Oct 24, there were 36 new estate agency instructions, 32 agreed home sales and 27 property price reductions.

5-Year Average Property Prices in BH31 (Verwood)

16.3%

Property prices in Verwood increased by 16.3% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BH31 (Verwood) Over the Last Year

2.63%

Property prices in Verwood increased by 2.63% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for BH31 (Verwood) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BH31 (Verwood)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BH31 (Verwood)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BH31 (Verwood)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BH31 (Verwood) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BH31 postcode area since 1995.

Recent Sales in BH31 (Verwood)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Spring Close, Verwood, Dorset, BH31 6LB	£575,000	£167,500	-£407,500	06 Mar 2024	16 Aug 2024	163 Days
72 Owls Road, Verwood, Dorset, BH31 6HL	£300,000	£295,000	-£5,000	12 Feb 2024	15 Aug 2024	185 Days
3 Foxes Close, Verwood, Dorset, BH31 6JZ	£335,000	£333,000	-£2,000	06 Jun 2024	05 Aug 2024	60 Days
197 Ringwood Road, Verwood, Dorset, BH31 7AG	£700,000	£680,000	-£20,000	05 Feb 2024	02 Aug 2024	179 Days
16 Magnolia Close, Verwood, Dorset, BH31 6UH	£416,500	£400,000	-£16,500	06 Mar 2024	19 Jul 2024	135 Days
38 The Kingfishers, Verwood, Dorset, BH31 6NP	£380,000	£380,000	£00	17 Jan 2024	17 Jul 2024	182 Days
41 Woodlinken Close, Verwood, Dorset, BH31 6BP	£460,000	£457,500	-£2,500	05 Feb 2024	15 Jul 2024	161 Days
5 Merryfield Close, Verwood, Dorset, BH31 7AT	£530,000	£500,000	-£30,000	07 Nov 2023	11 Jul 2024	247 Days
43 The Chase, Verwood, Dorset, BH31 7DD	£540,000	£525,000	-£15,000	14 Oct 2023	09 Jul 2024	269 Days
10 Woodpecker Close, Verwood, Dorset, BH31 6JY	£293,500	£293,500	£00	02 Apr 2024	08 Jul 2024	97 Days
8 Hayward Crescent, Verwood, Dorset, BH31 6JT	£485,000	£485,000	£00	23 Feb 2024	03 Jul 2024	131 Days
5 Owls Road, Verwood, Dorset, BH31 6EW	£573,000	£573,000	£00	04 Mar 2024	27 Jun 2024	115 Days
39 Crane Drive, Verwood, Dorset, BH31 6QB	£550,000	£550,000	£00	27 Mar 2024	11 Jun 2024	76 Days
28 The Forestside, Verwood, Dorset, BH31 7FZ	£625,000	£600,000	-£25,000	01 Mar 2024	06 Jun 2024	97 Days
24 Woodlinken Way, Verwood, Dorset, BH31 6BT	£550,000	£540,000	-£10,000	05 Apr 2024	04 Jun 2024	60 Days
4 Shetland View, Verwood, Dorset, BH31 6LS	£415,000	£408,000	-£7,000	08 Mar 2024	04 Jun 2024	88 Days
5 Haywards Farm Close, Verwood, Dorset, BH31 6XW	£575,000	£570,000	-£5,000	14 Dec 2023	04 Jun 2024	173 Days
7 Kiln Way, Verwood, Dorset, BH31 6GE	£335,000	£335,000	£00	07 Mar 2024	04 Jun 2024	89 Days
52 Newtown Road, Verwood, Dorset, BH31 6EL	£650,000	£625,000	-£25,000	17 Nov 2023	30 May 2024	195 Days
10 Aspen Drive, Verwood, Dorset, BH31 6TE	£550,000	£540,000	-£10,000	10 Oct 2023	24 May 2024	227 Days

Most Expensive Streets in BH31 (Verwood)

Postcode	Street	Area	Average	No. of Sales
BH31 6PX	Stagswood	Verwood	£728,333	3
BH31 7PL	Gorse Knoll Drive	Verwood	£661,250	4
BH31 7BQ	St Stephens Lane	Verwood	£654,714	7
BH31 7PD	Moorlands Road	Verwood	£631,750	4
BH31 6BX	Lake Road	Verwood	£597,444	9
BH31 7AT	Merryfield Close	Verwood	£593,750	4
BH31 7DP	Vicarage Road	Verwood	£582,500	4
BH31 7PR	Field Place	Verwood	£581,875	4
BH31 7BT	School Close	Verwood	£577,416	6
BH31 6HX	Manor Lane	Verwood	£560,884	13

Least Expensive Streets in BH31 (Verwood)

Postcode	Street	Area	Average	No. of Sales
BH31 7QF	Dukes Court, Jenner Close	Verwood	£179,200	5
BH31 7AL	Ringwood Road	Verwood	£186,750	6
BH31 7AY	Brock Court, Peel Close	Verwood	£187,906	8
BH31 7QB	Peel Close	Verwood	£190,200	15
BH31 6UG	Cheviot Way	Verwood	£200,920	8
BH31 7BP	Heathpoult Road	Verwood	£207,500	6
BH31 6BG	Church Hill Court, Church Hill	Verwood	£214,500	5
BH31 6UJ	Cotswold Close	Verwood	£218,281	16
BH31 6NW	Nightingale Close	Verwood	£231,000	3
BH31 6TS	Bingham Close	Verwood	£235,618	8