Local knowledge is vital in the property market, and we are happy to keep you informed with Bournemouth property prices and values for 2020.
According to Zoopla, the average value of property in Bournemouth, as of January 2020, is £306,202. The average price paid for property in Bournemouth, over the past 12 months, is £302,726. The Zoopla data draws on 1,830 sales in this period.
Figures provided by Rightmove suggests the average price of property in Bournemouth is £292,095. The leading property portal states Bournemouth offers a more affordable average price than the nearby Queens Park while being a more expensive place to buy property than Charminster.
Stay in touch with Bournemouth property prices
Rightmove states the average price paid for flats in Bournemouth is £207,659; the average price paid for semi-detached properties is £291,094, and detached properties have sold for an average of £415,777.
The broken down by property type prices for Bournemouth according to Zoopla are as follows:
- The average price paid for flats in Bournemouth in the past 12 months: £210,238
- The average price paid for terraced properties in Bournemouth in the past 12 months: £258,323
- The average price paid for semi-detached properties in Bournemouth in the past 12 months: £281,267
- The average price paid for detached properties in Bournemouth in the past 12 months: £428,101
Both Rightmove and Zoopla list flats as being the most commonly sold property type in Bournemouth over the past 12 months.
While it is good to get an overview of property types in Bournemouth, it is often more important to dig deeper into the price and value of specific areas. If you are keen to buy property in a particular part of Bournemouth, or you are selling your current home, an overview of the entire Bournemouth market may be misleading for your aims.
We help you stay in touch with local Bournemouth prices
For the BH2 postcode area of Bournemouth, where we are located, the average value of property according to Zoopla is £243,853. In contrast, the average price paid for property in BH2 over the past 12 months is £224,498. The Zoopla information draws on just over 100 sales, so it is a much smaller sample size than what the company provides for the town.
This should be expected, after all, the BH2 area makes up just one part of Bournemouth, but with smaller samples, it is essential to be aware of the effect outliers can have.
According to Zoopla, the average price paid for flats in BH2 over the past 12 months is £201,854, and for terraced properties, the average price paid is £286,406. For semi-detached properties in BH2, the average price paid is £350,000, and for detached properties, the average price paid is £612,750.
While average prices and values are useful when building up your knowledge of an area or looking to compare areas, we believe it is best to obtain tailored information in the property market.
If you plan on selling your home in Bournemouth soon, contact Foxes Sales and Lettings, and we will arrange a property valuation for you. We know the local area, and we can provide you with an accurate valuation, which helps you sell your home. Contact us today, and we will be more than happy to assist you.