Average selling price of £1m+ value homes in Bournemouth and Poole reaches £1.7m

by Aaron Strutt

Apr 01 2023

Many buyers will need larger mortgage loans to purchase a house in Bournemouth or Poole.

Research from Investec Wealth & Investment showed that the average price of £1 million-plus residential property sales last year across Bournemouth and Poole was £1,763,995.

Investec's analysis of the most recent Land Registry data for Bournemouth and Poole shows that in 2022 more than four in five of all property sales valued at £1 million plus were detached houses.

Homeowners in Poole paid over half a million pounds more on average for £1 million-plus sales at £1,865,703, compared to the average price of £1,290,528 in Bournemouth.

Aaron Strutt, product director at Trinity Financial, says: "House prices in Bournemouth and Poole have dramatically increased with more people wanting a more relaxed lifestyle close to the sea.

"Our brokers have access to a range of lenders offering larger mortgage loans, and rates are coming down."

High street lenders often provide £750,000+ mortgages through their broker-only divisions, and they increasingly compete with private banks like Investec to attract borrowers.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within this article was correct at the time of publication but is subject to change.