Feb 07, 2023 by HM

House prices in Cathays (CF24 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Cathays (CF24 4).


Defining 'CF24 4'

This analysis is limited to properties whose postcode starts with "CF24 4", 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 Cathays 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. 51, Dogfield Street, Cathays, Cardiff, sold for £110,749 on Feb-2024. Given the internal area of 101 square metres, the price per sqm is £1,096.

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 306 sales in Cathays (CF24 4) that took place in the last two years.

Distribution of £ per sqm for Cathays (CF24 4)
Distribution of £ per sqm house prices in Cathays

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 Cathays (CF24 4). Of the 306 transactions, half were sold for between £2,470 and £3,230 per square metre. The median, or 'middle', price per square metre in 'CF24 4' is £2,870. Notably, only 25% of properties that sold recently were valued at more than £3,230m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Cathays

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 Cathays. 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 Cathays
House price heatmap for Cathays

Comparison with neighbouring postcode sectors

The table below shows how 'CF24 4' 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 Cathays 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 4 (Cathays). 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 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Cathays (CF24 4) over time
House price trends for Cathays

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Arabella Street, Cathays, CF24 4S 81m2 £3,026 28
Maindy Road, Cathays, CF24 4H 96m2 £3,024 27
Rhymney Street, Cathays, CF24 4D 90m2 £2,863 26
Dogfield Street, Cathays, CF24 4Q 102m2 £2,404 24
Inverness Place, Cathays, CF24 4R 81m2 £3,070 23
Malefant Street, Cathays, CF24 4Q 107m2 £2,410 22
Tewkesbury Street, Cathays, CF24 4Q 101m2 £2,548 22
Diana Street, Cathays, CF24 4T 101m2 £2,917 22

Search for your street here.

Raw data

Our analysis of Cathays 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
51, Dogfield St, Cathays, Cardiff £110,749
Feb-2024
101 1,096
65, Minny St, Cathays, Cardiff £325,000
Feb-2024
124 2,620
113, Donald St, Cathays, Cardiff £305,000
Feb-2024
138 2,210

See the entire list of all sales in Cathays (CF24 4) 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.