Feb 07, 2023 by HM

House prices in Taffs Well (CF15 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Taffs Well (CF15 7).

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Price per square metre

Knowing the average house price in Taffs Well 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. 16, Catherine Drive, Taffs Well, Radyr, sold for £30,000 on Sep-2023. Given the internal area of 84 square metres, the price per sqm is £357.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 137 sales in Taffs Well (CF15 7) that took place in the last two years.

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 Taffs Well (CF15 7). Of the 137 transactions, half were sold for between £2,120 and £3,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,280m². 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 'CF15 7' is £2,780. The table below shows how 'CF15 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF15 8 Radyr	£2,950m2	£3,380m2	£3,900m2
CF15 7 Taffs Well	£2,120m2	£2,780m2	£3,280m2
CF15 9 Creigiau	£3,010m2	£3,510m2	£4,060m2

Will Taffs Well 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 CF15 7 (Taffs Well). 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 CF15 7 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Taffs Well 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 Taffs Well data or any other data I am given.

Price map for Taffs Well

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 Taffs Well. 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 Taffs Well

Street level data

Street	Avg size	Avg £/m2	Recent sales
Glan Y Ffordd, Taffs Well, CF15 7S	60m2	£3,118	31
Ty Rhiw, Taffs Well, CF15 7R	89m2	£2,154	15
Maes Ifor, Taffs Well, CF15 7A	65m2	£2,901	12
Ironbridge Road, Taffs Well, CF15 7N	89m2	£2,878	11
Rhiw'r Ddar, Taffs Well, CF15 7P	88m2	£2,600	10
Cardiff Road, Taffs Well, CF15 7P	82m2	£2,312	10
Cardiff Road, Taffs Well, CF15 7R	88m2	£2,584	10
Yr Hendre, Taffs Well, CF15 7T	79m2	£1,741	9

Search for your street here.

Raw data

Our analysis of Taffs Well 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.

Address	Paid	m2	£/m2
16, Catherine Drive, Taffs Well, Radyr	£30,000 Sep-2023	84	357
3, Church St, Taffs Well, Radyr	£255,000 Sep-2023	82	3,109
22, Cardiff Rd, Taffs Well, Radyr	£180,000 Jul-2023	106	1,698

See the entire list of all sales in Taffs Well (CF15 7) here.