Feb 07, 2023 by HM

House prices in Broadlands (CF31 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Broadlands (CF31 5).


Price per square metre

Knowing the average house price in Broadlands 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. 10, Llwyn Y Groes, Broadlands, Bridgend, sold for £337,000 on Oct-2023. Given the internal area of 116 square metres, the price per sqm is £2,905.

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. £2,900-£3,000, £3,000-£3,100, £3,100-£3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 104 sales in Broadlands (CF31 5) that took place in the last two years.

Distribution of £ per sqm for Broadlands (CF31 5)
Distribution of £ per sqm house prices in Broadlands

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 Broadlands (CF31 5). Of the 104 transactions, half were sold for between £2,680 and £3,150 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,150m2. 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 5' is £2,910. The table below shows how 'CF31 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF31 3 Waterton £2,160m2 £2,520m2 £2,960m2
CF31 1 Bridgend £1,840m2 £2,250m2 £2,630m2
CF31 2 Brackla £2,360m2 £2,700m2 £2,950m2
CF31 4 Pen-Y-Fai £2,060m2 £2,430m2 £2,810m2
CF31 5 Broadlands £2,680m2 £2,910m2 £3,150m2

Will Broadlands 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 5 (Broadlands). 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 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Broadlands (CF31 5) over time
House price trends for Broadlands

Hover on any blue dot to see details of specific sales

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

Price map for Broadlands

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 Broadlands. 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.

Property price heatmap for Broadlands
House price heatmap for Broadlands

Street level data

Street Avg size Avg £/m2 Recent sales
Pen Llwyn, Broadlands, CF31 5A 71m2 £2,497 14
Allt Dderw, Broadlands, CF31 5B 77m2 £2,913 13
Llys Pentre, Broadlands, CF31 5D 91m2 £2,782 13
Gallt Y Ddrudwen, Broadlands, CF31 5F 89m2 £2,761 11
Llwyn Y Groes, Broadlands, CF31 5A 103m2 £2,734 10
Maes Y Piod, Broadlands, CF31 5F 96m2 £2,703 10
Ffordd Y Groes, Broadlands, CF31 5E 118m2 £2,550 8
Trem Y Dyffryn, Broadlands, CF31 5A 72m2 £2,457 8

Search for your street here.

Raw data

Our analysis of Broadlands 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
10, Llwyn Y Groes, Broadlands, Bridgend £337,000
Oct-2023
116 2,905
2, Bryn Derlwyn, Broadlands, Bridgend £390,000
Sep-2023
113 3,451
13, Cae Llwydcoed, Broadlands, Bridgend £228,000
Sep-2023
112 2,035

See the entire list of all sales in Broadlands (CF31 5) 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.