Feb 07, 2023 by HM

House prices in Splott (CF24 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Splott (CF24 2).


Defining 'CF24 2'

This analysis is limited to properties whose postcode starts with "CF24 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Splott 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, Asgog Street, Splott, Cardiff, sold for £169,000 on Feb-2024. Given the internal area of 62 square metres, the price per sqm is £2,725.

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 296 sales in Splott (CF24 2) that took place in the last two years.

Distribution of £ per sqm for Splott (CF24 2)
Distribution of £ per sqm house prices in Splott

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.

The spread of prices will give you a feel of the typical range to expect in Splott (CF24 2). Of the 296 transactions, half were sold for between £2,160 and £2,880 per square metre. The median, or 'middle', price per square metre in 'CF24 2' is £2,490. Notably, only 25% of properties that sold recently were valued at more than £2,880m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Splott

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Splott. 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.

Property price heatmap for Splott
House price heatmap for Splott

Comparison with neighbouring postcode sectors

The table below shows how 'CF24 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF24 2 Splott £2,160m2 £2,490m2 £2,880m2
CF24 3 Roath £2,480m2 £2,830m2 £3,240m2
CF24 0 Cardiff £2,160m2 £2,450m2 £2,740m2
CF24 4 Cathays £2,470m2 £2,870m2 £3,230m2
CF24 5 Splott £1,290m2 £1,460m2 £1,750m2
CF24 1 Cardiff £1,950m2 £2,230m2 £2,560m2

Will Splott 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 CF24 2 (Splott). 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 CF24 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Splott (CF24 2) over time
House price trends for Splott

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Moorland Road, Splott, CF24 2L 94m2 £2,532 40
Railway Street, Splott, CF24 2N 84m2 £2,336 37
Beaufort Square, Splott, CF24 2T 61m2 £2,294 33
Habershon Street, Splott, CF24 2D 101m2 £2,025 15
Marion Street, Splott, CF24 2D 108m2 £1,964 15
Glan Rhymni, Splott, CF24 2T 75m2 £2,145 14
Tweedsmuir Road, Splott, CF24 2R 81m2 £2,201 14
Janet Street, Splott, CF24 2B 101m2 £1,765 13

Search for your street here.

Raw data

Our analysis of Splott 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, Asgog St, Splott, Cardiff £169,000
Feb-2024
62 2,725
35, Ordell St, Splott, Cardiff £221,000
Jan-2024
104 2,125
2, Deemuir Square, Splott, Cardiff £118,000
Dec-2023
49 2,408

See the entire list of all sales in Splott (CF24 2) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.