Feb 07, 2023 by HM

# House prices in Marshfield (CF3 2)

## Defining 'CF3 2'

This analysis is limited to properties whose postcode starts with "CF3 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 Marshfield 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, Tynewydd Drive, Marshfield, St Mellons, sold for £505,000 on Dec-2023. Given the internal area of 110 square metres, the price per sqm is £4,590.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 57 sales in Marshfield (CF3 2) that took place in the last two years.

##### Distribution of £ per sqm for Marshfield (CF3 2)
Distribution of £ per sqm house prices in Marshfield

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 Marshfield (CF3 2). Of the 57 transactions, half were sold for between £2,900 and £3,910 per square metre. The median, or 'middle', price per square metre in 'CF3 2' is £3,450. Notably, only 25% of properties that sold recently were valued at more than £3,910m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Marshfield

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 Marshfield. 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.

House price heatmap for Marshfield

## Comparison with neighbouring postcode sectors

The table below shows how 'CF3 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF3 2 Marshfield £2,900m2 £3,450m2 £3,910m2
CF3 5 Llanrumney £2,240m2 £2,550m2 £2,850m2
CF3 6 Old St Mellons £3,210m2 £3,730m2 £3,990m2
CF3 3 Rumney £2,350m2 £2,780m2 £3,290m2
CF3 0 St Mellons £2,630m2 £3,140m2 £3,440m2
CF3 4 Llanrumney £1,930m2 £2,340m2 £2,780m2
CF3 1 St Mellons £2,040m2 £2,240m2 £2,580m2

## Will Marshfield 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 CF3 2 (Marshfield). 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 CF3 2 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Marshfield (CF3 2) over time
House price trends for Marshfield

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Marshfield Road, Marshfield, CF3 2U 163m2 £3,008 14
Cypress Crescent, Marshfield, CF3 2W 113m2 £3,681 12
The Meadows, Marshfield, CF3 2A 110m2 £3,180 11
Mallards Reach, Marshfield, CF3 2P 98m2 £3,462 10
Marysfield Close, Marshfield, CF3 2T 85m2 £2,515 9
Mallards Reach, Marshfield, CF3 2N 111m2 £2,967 8
The Shires, Marshfield, CF3 2A 127m2 £3,449 7
Craig-yr-haul Drive, Marshfield, CF3 2S 105m2 £2,794 6

## Raw data

Our analysis of Marshfield 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.