Feb 07, 2023 by HM

House prices in Maerdy (CF43 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Maerdy (CF43 4).


Defining 'CF43 4'

This analysis is limited to properties whose postcode starts with "CF43 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 Maerdy 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. 21, Long Row, Maerdy, Tylorstown, sold for £54,500 on Feb-2024. Given the internal area of 66 square metres, the price per sqm is £825.

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. £1,450-£1,500, £1,500-£1,550, £1,550-£1,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 170 sales in Maerdy (CF43 4) that took place in the last two years.

Distribution of £ per sqm for Maerdy (CF43 4)
Distribution of £ per sqm house prices in Maerdy

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 Maerdy (CF43 4). Of the 170 transactions, half were sold for between £930 and £1,360 per square metre. The median, or 'middle', price per square metre in 'CF43 4' is £1,160. Notably, only 25% of properties that sold recently were valued at more than £1,360m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Maerdy

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 Maerdy. 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 Maerdy
House price heatmap for Maerdy

Comparison with neighbouring postcode sectors

The table below shows how 'CF43 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF43 3 Tylorstown £850m2 £1,000m2 £1,200m2
CF43 4 Maerdy £930m2 £1,160m2 £1,360m2

Will Maerdy 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 CF43 4 (Maerdy). 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 CF43 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Maerdy (CF43 4) over time
House price trends for Maerdy

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
North Road, Maerdy, CF43 4R 89m2 £989 24
Duffryn Street, Maerdy, CF43 4E 93m2 £923 21
Richard Street, Maerdy, CF43 4A 96m2 £863 13
Fountain Street, Maerdy, CF43 4S 74m2 £1,147 11
Taff Street, Maerdy, CF43 4N 84m2 £1,065 10
Long Row, Maerdy, CF43 4N 66m2 £1,226 10
Griffith Street, Maerdy, CF43 4D 75m2 £1,024 10
Oxford Street, Maerdy, CF43 4B 77m2 £913 10

Search for your street here.

Raw data

Our analysis of Maerdy 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
21, Long Row, Maerdy, Tylorstown £54,500
Feb-2024
66 825
33, Marshfield Rd, Maerdy, Tylorstown £90,000
Feb-2024
85 1,058
25, Pine St, Maerdy, Tylorstown £127,000
Feb-2024
82 1,548

See the entire list of all sales in Maerdy (CF43 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.