Feb 07, 2023 by HM

House prices in Cardiff (CF11 0)

Price per square metre

Knowing the average house price in Cardiff is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 55 Lady Isle House, Ferry Court, Cardiff, sold for £68,000 on Oct-2023. Given the internal area of 37 square metres, the price per sqm is £1,837.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 68 sales in Cardiff (CF11 0) that took place in the last two years.

Distribution of £ per sqm for Cardiff (CF11 0)
Distribution of £ per sqm house prices in Cardiff

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Cardiff (CF11 0). Of the 68 transactions, half were sold for between £2,140 and £3,540 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,540m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CF11 0' is £2,730. The table below shows how 'CF11 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF11 6 Grangetown £2,150m2 £2,590m2 £2,910m2
CF11 8 Canton £2,920m2 £3,240m2 £3,640m2
CF11 0 Cardiff £2,140m2 £2,730m2 £3,540m2
CF11 7 Cardiff £2,320m2 £2,590m2 £2,940m2
CF11 9 Canton £3,190m2 £3,720m2 £4,320m2

Will Cardiff house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CF11 0 (Cardiff). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CF11 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Cardiff (CF11 0) over time
House price trends for Cardiff

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Cardiff and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Cardiff data or any other data I am given.

Price map for Cardiff

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Cardiff. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Cardiff

Street level data

Street Avg size Avg £/m2 Recent sales
Ferry Court, Cardiff, CF11 0J 62m2 £2,228 38
Ferry Court, Cardiff, CF11 0A 58m2 £2,635 23
Grangemoor Court, Cardiff, CF11 0A 68m2 £2,672 21
Victoria Wharf, Cardiff, CF11 0S 73m2 £2,343 20
Burford Gardens, Cardiff, CF11 0A 67m2 £2,491 14
Ferry Court, Cardiff, CF11 0L 57m2 £2,984 10
Empire Way, Cardiff, CF11 0J 100m2 £3,140 6
Dan Donovan Way, Cardiff, CF11 0J 184m2 £3,983 5

New build activity

Street Avg size Avg £/m2 New build sales
Watkiss Way, Cardiff, CF11 0T 82m2 £3,363 58

Watkiss Way, Cardiff, CF11 0T has seen 58 new build sales in the last 4 years (average price £286,992). These new build homes typically have an internal area of 82 m2, with an average price of £3,363 m2. This £sqm average is £633 above the average for CF11 0. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Cardiff is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.