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Verwood House Prices Verwood House Prices

The average house price in Verwood is £454,125 using HM Land Registry data.

The average property price increased by £93,133 (26.6%) over the last 5 years and increased by £18,614 (4.38%) over the last 12 months.

Over the last year, there were 182 residential property sales – a decrease of 70 transactions (-38.46%) relative to the previous year. The majority of house sales (37) were in the £250,000 - £320,000 range. Then came properties in the £460,000 - £530,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,319 (-2%).

In April 2024, there were 37 new estate agency instructions, 31 agreed home sales and 23 property price reductions.

Postcodes Covered: BH21, BH31

5-Year Average Property Prices in Verwood

26.6%

Property prices in Verwood increased by 26.6% 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 Verwood Over the Last Year

4.38%

Property prices in Verwood increased by 4.38% 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 Verwood - April 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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 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 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 Verwood since 1995

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

Recent Property Sales in Verwood

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Holly Grove, Verwood, Dorset, BH31 6XA£515,000£482,500-£32,50025 Oct 202312 Mar 2024139 Days
Flat 1, Dukes Court, Jenner Close, Verwood, Dorset, BH31 7QF£220,000£205,000-£15,00004 Sep 202329 Feb 2024178 Days
30 Pine View Road, Verwood, Dorset, BH31 6LQ£375,000£365,000-£10,00004 Nov 202323 Feb 2024111 Days
15 Verne Road, Verwood, Dorset, BH31 6EU£500,000£485,000-£15,00009 Nov 202309 Feb 202492 Days
6 Springfield Road, Verwood, Dorset, BH31 6HY£750,000£725,000-£25,00008 Aug 202301 Feb 2024177 Days
2 Coronation Road, Verwood, Dorset, BH31 7PX£600,000£600,000£0031 Aug 202325 Jan 2024147 Days
60 Albion Way, Verwood, Dorset, BH31 7LR£450,000£440,000-£10,00015 Jul 202319 Jan 2024188 Days
1 Holm Oak Close, Verwood, Dorset, BH31 7PP£450,000£435,000-£15,00019 Aug 202315 Jan 2024149 Days
20 Home Farm Way, Verwood, Dorset, BH31 6YE£550,000£500,000-£50,00006 Oct 202209 Jan 2024460 Days
7 Bitterne Way, Verwood, Dorset, BH31 6UU£415,000£397,000-£18,00002 Aug 202305 Jan 2024156 Days
5 Copse Road, Verwood, Dorset, BH31 6HB£675,000£670,000-£5,00008 Sep 202319 Dec 2023102 Days
34 St Michaels Road, Verwood, Dorset, BH31 6HZ£575,000£550,000-£25,00015 Sep 202315 Dec 202391 Days
11 Bridleways, Verwood, Dorset, BH31 6LA£700,000£685,000-£15,00017 Aug 202314 Dec 2023119 Days
119 Albion Way, Verwood, Dorset, BH31 7LT£525,000£515,000-£10,00026 Oct 202311 Dec 202346 Days
22 Coronation Road, Verwood, Dorset, BH31 7PX£475,000£465,000-£10,00004 Sep 202311 Dec 202398 Days
35 Hayward Way, Verwood, Dorset, BH31 6HS£570,000£570,000£0015 May 202321 Nov 2023190 Days
55 Hayward Crescent, Verwood, Dorset, BH31 6JS£475,000£465,000-£10,00006 Jul 202321 Nov 2023138 Days
Avalon, Church Hill, Verwood, Dorset, BH31 6HT£550,000£535,000-£15,00015 Aug 202317 Nov 202394 Days
34 Chiltern Drive, Verwood, Dorset, BH31 6US£325,000£315,000-£10,00030 Aug 202317 Nov 202379 Days
22 Dewlands Road, Verwood, Dorset, BH31 6PL£500,000£495,000-£5,00019 Jun 202310 Nov 2023144 Days

Most Expensive Streets in Verwood

PostcodeStreetAreaAverageNo. of Sales
BH31 6PXStagswoodVerwood£691,5004
BH31 7PLGorse Knoll DriveVerwood£671,6663
BH31 6HBCopse RoadVerwood£638,3333
BH31 7BQSt Stephens LaneVerwood£633,5008
BH31 7PDMoorlands RoadVerwood£631,7504
BH31 7DPVicarage RoadVerwood£582,5004
BH31 7PRField PlaceVerwood£581,8754
BH31 7ATMerryfield CloseVerwood£581,2504
BH31 7BTSchool CloseVerwood£577,4166
BH31 6BXLake RoadVerwood£573,70010

Least Expensive Streets in Verwood

PostcodeStreetAreaAverageNo. of Sales
BH31 7QFDukes CourtJenner Close£171,8005
BH31 7ALRingwood RoadVerwood£187,1005
BH31 7AYBrock CourtPeel Close£187,9068
BH31 7QBPeel CloseVerwood£189,87516
BH31 6UGCheviot WayVerwood£191,8578
BH31 7BPHeathpoult RoadVerwood£207,5006
BH31 6UJCotswold CloseVerwood£214,50017
BH31 6BGChurch Hill CourtChurch Hill£214,5005
BH31 6TSBingham CloseVerwood£229,3758
BH31 6NTThe CurlewsVerwood£236,3754

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