Feb 07, 2023 by HM

House prices in Waterton (CF31 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Waterton (CF31 3).

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Price per square metre

Knowing the average house price in Waterton 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. 38, Llys Tre Dwr, Waterton, Bridgend, sold for £270,000 on Sep-2023. Given the internal area of 85 square metres, the price per sqm is £3,176.

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 130 sales in Waterton (CF31 3) 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 Waterton (CF31 3). Of the 130 transactions, half were sold for between £2,160 and £2,950 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,950m². 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 'CF31 3' is £2,520. The table below shows how 'CF31 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF31 3 Waterton	£2,160m2	£2,520m2	£2,950m2
CF31 1 Bridgend	£1,840m2	£2,260m2	£2,670m2
CF31 2 Brackla	£2,360m2	£2,680m2	£2,930m2
CF31 4 Pen-Y-Fai	£2,040m2	£2,430m2	£2,810m2
CF31 5 Broadlands	£2,680m2	£2,910m2	£3,150m2

Will Waterton 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 CF31 3 (Waterton). 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 CF31 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Waterton

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 Waterton. 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 Waterton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Merthyr Mawr Road, Waterton, CF31 3N	167m2	£2,503	21
Llys Tre Dwr, Waterton, CF31 3B	73m2	£2,705	13
Grove Road, Waterton, CF31 3E	113m2	£1,983	13
Picton Gardens, Waterton, CF31 3H	84m2	£2,788	13
Fairfield Road, Waterton, CF31 3D	102m2	£2,268	12
Moorlands Road, Waterton, CF31 3D	89m2	£2,303	10
Bowham Avenue, Waterton, CF31 3P	141m2	£2,811	10
Mount Earl, Waterton, CF31 3E	99m2	£2,662	9

Search for your street here.

Raw data

Our analysis of Waterton 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
38, Llys Tre Dwr, Waterton, Bridgend	£270,000 Sep-2023	85	3,176
123, Ewenny Rd, Waterton, Bridgend	£245,000 Aug-2023	125	1,960
8, Jenkin St, Waterton, Bridgend	£172,000 Jul-2023	80	2,150

See the entire list of all sales in Waterton (CF31 3) here.