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House Prices in BH31 House Prices in BH31 (Verwood)

The average house price in BH31 (Verwood) is £496,550 using HM Land Registry data.

The average property price increased by £82,341 (16.3%) over the last 5 years and increased by £16,499 (2.63%) over the last 12 months.

Over the last year, there were 184 residential property sales – a decrease of 33 transactions (-17.93%) relative to the previous year. The majority of house sales (39) were in the £396,000 - £474,000 range. Then came properties in the £318,000 - £396,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 123 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,666 (-3%).

In Dec 24, there were 21 new estate agency instructions, 21 agreed home sales and 9 property price reductions.

Nearby Postcodes: BH11, BH16, BH17, BH18, BH21, BH22, BH23, BH24, BH25, DT11, SO42, SO43, SP5, SP6

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.

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).

Property Market Heat Gauge for BH31 (Verwood) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Field Place, Verwood, Dorset, BH31 7PR£685,000£655,000-£30,00023 Jul 202414 Nov 2024114 Days
64 Manor Road, Verwood, Dorset, BH31 6EA£500,000£480,000-£20,00018 Jun 202414 Nov 2024149 Days
34 Hazelwood Drive, Verwood, Dorset, BH31 6YQ£300,000£297,500-£2,50015 Jul 202401 Nov 2024109 Days
1 Lake Road, Verwood, Dorset, BH31 6BU£525,000£500,000-£25,00008 Aug 202425 Oct 202478 Days
33 Badger Way, Verwood, Dorset, BH31 6JX£360,000£356,394-£3,60615 Jul 202425 Oct 2024102 Days
6 Burrows Lane, Verwood, Dorset, BH31 7PH£825,000£795,000-£30,00010 Jun 202421 Oct 2024133 Days
11a, Nightingale Close, Verwood, Dorset, BH31 6NW£235,000£230,000-£5,00029 Jun 202418 Oct 2024111 Days
10 Summer Fields, Verwood, Dorset, BH31 6LG£695,000£667,500-£27,50002 May 202403 Oct 2024154 Days
23 Woodpecker Close, Verwood, Dorset, BH31 6JY£300,000£295,000-£5,00030 May 202427 Sep 2024120 Days
33 Acacia Avenue, Verwood, Dorset, BH31 6XF£370,000£350,000-£20,00028 Mar 202418 Sep 2024174 Days
9 Spring Close, Verwood, Dorset, BH31 6LB£575,000£167,500-£407,50006 Mar 202416 Aug 2024163 Days
72 Owls Road, Verwood, Dorset, BH31 6HL£300,000£295,000-£5,00012 Feb 202415 Aug 2024185 Days
3 Foxes Close, Verwood, Dorset, BH31 6JZ£335,000£333,000-£2,00006 Jun 202405 Aug 202460 Days
197 Ringwood Road, Verwood, Dorset, BH31 7AG£700,000£680,000-£20,00005 Feb 202402 Aug 2024179 Days
16 Magnolia Close, Verwood, Dorset, BH31 6UH£416,500£400,000-£16,50006 Mar 202419 Jul 2024135 Days
38 The Kingfishers, Verwood, Dorset, BH31 6NP£380,000£380,000£0017 Jan 202417 Jul 2024182 Days
41 Woodlinken Close, Verwood, Dorset, BH31 6BP£460,000£457,500-£2,50005 Feb 202415 Jul 2024161 Days
5 Merryfield Close, Verwood, Dorset, BH31 7AT£530,000£500,000-£30,00007 Nov 202311 Jul 2024247 Days
43 The Chase, Verwood, Dorset, BH31 7DD£540,000£525,000-£15,00014 Oct 202309 Jul 2024269 Days
10 Woodpecker Close, Verwood, Dorset, BH31 6JY£293,500£293,500£0002 Apr 202408 Jul 202497 Days

Most Expensive Streets in BH31 (Verwood)

PostcodeStreetAreaAverageNo. of Sales
BH31 6PXStagswoodVerwood£728,3333
BH31 7PLGorse Knoll DriveVerwood£661,2504
BH31 7PHBurrows LaneVerwood£661,0003
BH31 7BQSt Stephens LaneVerwood£654,7147
BH31 7PDMoorlands RoadVerwood£631,7504
BH31 6BXLake RoadVerwood£597,4449
BH31 7ATMerryfield CloseVerwood£593,7504
BH31 7DPVicarage RoadVerwood£582,5004
BH31 7PRField PlaceVerwood£581,8754
BH31 7BTSchool CloseVerwood£577,4166

Least Expensive Streets in BH31 (Verwood)

PostcodeStreetAreaAverageNo. of Sales
BH31 7QFDukes Court, Jenner CloseVerwood£179,2005
BH31 7ALRingwood RoadVerwood£186,7506
BH31 7QBPeel CloseVerwood£187,50014
BH31 7AYBrock Court, Peel CloseVerwood£187,9068
BH31 6BGChurch Hill Court, Church HillVerwood£214,5005
BH31 7BPHeathpoult RoadVerwood£214,8577
BH31 6UGCheviot WayVerwood£217,2667
BH31 6UJCotswold CloseVerwood£218,28116
BH31 7BAHeather GardensVerwood£234,3754
BH31 6TSBingham CloseVerwood£235,6188

Explore BH31 (Verwood) using map

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