Feb 07, 2023 by HM

House prices in Cyncoed (CF23 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Cyncoed (CF23 6).

---

Price per square metre

Knowing the average house price in Cyncoed 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. 17, Manitoba Close, Cyncoed, Cardiff, sold for £240,000 on Oct-2023. Given the internal area of 65 square metres, the price per sqm is £3,692.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 179 sales in Cyncoed (CF23 6) 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 Cyncoed (CF23 6). Of the 179 transactions, half were sold for between £3,100 and £4,560 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,560m². 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 'CF23 6' is £3,800. The table below shows how 'CF23 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF23 5 Penylan	£3,190m2	£3,700m2	£4,290m2
CF23 6 Cyncoed	£3,100m2	£3,800m2	£4,560m2
CF23 8 Pontprennau	£3,180m2	£3,620m2	£4,030m2
CF23 7 Pentwyn	£2,230m2	£2,500m2	£2,900m2
CF23 9 Llanedeyrn	£1,980m2	£2,550m2	£3,530m2

Will Cyncoed 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 CF23 6 (Cyncoed). 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 CF23 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Cyncoed

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 Cyncoed. 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 Cyncoed

Street level data

Street	Avg size	Avg £/m2	Recent sales
Springwood, Cyncoed, CF23 6U	95m2	£2,281	16
Rhydypenau Road, Cyncoed, CF23 6P	134m2	£3,544	15
Torrens Drive, Cyncoed, CF23 6D	88m2	£4,120	14
Celyn Avenue, Cyncoed, CF23 6E	98m2	£3,729	13
Hill Rise, Cyncoed, CF23 6U	98m2	£2,509	12
Woolaston Avenue, Cyncoed, CF23 6E	85m2	£3,251	12
The Fairway, Cyncoed, CF23 6R	90m2	£4,481	12
Blackoak Road, Cyncoed, CF23 6Q	132m2	£3,632	11

Search for your street here.

Raw data

Our analysis of Cyncoed 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
17, Manitoba Close, Cyncoed, Cardiff	£240,000 Oct-2023	65	3,692
56b, Hollybush Rd, Cyncoed, Cardiff	£730,000 Sep-2023	162	4,506
41, Glenwood, Cyncoed, Cardiff	£225,000 Sep-2023	92	2,445

See the entire list of all sales in Cyncoed (CF23 6) here.