Feb 07, 2023 by HM

House prices in Cwmdare (CF44 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Cwmdare (CF44 8).

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Price per square metre

Knowing the average house price in Cwmdare 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. 12, Union Street, Cwmdare, Aberdare, sold for £73,000 on Oct-2023. Given the internal area of 67 square metres, the price per sqm is £1,089.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 229 sales in Cwmdare (CF44 8) 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 Cwmdare (CF44 8). Of the 229 transactions, half were sold for between £1,260 and £2,070 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,070m². 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 'CF44 8' is £1,620. The table below shows how 'CF44 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF44 0 Llwydcoed	£1,610m2	£2,150m2	£2,630m2
CF44 9 Hirwaun	£1,180m2	£1,710m2	£2,340m2
CF44 7 Aberdare	£1,050m2	£1,410m2	£1,670m2
CF44 8 Cwmdare	£1,260m2	£1,620m2	£2,070m2
CF44 6 Cwmaman	£1,060m2	£1,340m2	£1,670m2

Will Cwmdare 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 CF44 8 (Cwmdare). 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 CF44 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Cwmdare

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 Cwmdare. 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 Cwmdare

Street level data

Street	Avg size	Avg £/m2	Recent sales
Bwllfa Road, Cwmdare, CF44 8U	80m2	£1,340	23
Glan Road, Cwmdare, CF44 8B	77m2	£1,533	16
Oxford Street, Cwmdare, CF44 8B	82m2	£1,323	15
Cemetery Road, Cwmdare, CF44 8H	89m2	£1,301	14
Harriet Street, Cwmdare, CF44 8P	85m2	£1,477	13
King Street, Cwmdare, CF44 8T	79m2	£1,438	12
Gadlys Street, Cwmdare, CF44 8B	79m2	£1,385	12
The Ridings, Cwmdare, CF44 8A	87m2	£2,578	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Y Dolydd, Cwmdare, CF44 8E	109m2	£2,210	9

Y Dolydd, Cwmdare, CF44 8E has seen 9 new build sales in the last 4 years (average price £262,090). These new build homes typically have an internal area of 109 m2, with an average price of £2,210 m2. This £sqm average is £590 above the average for CF44 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Cwmdare 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
12, Union St, Cwmdare, Aberdare	£73,000 Oct-2023	67	1,089
6, Windsor St, Cwmdare, Aberdare	£71,000 Oct-2023	59	1,203
19, Margaret St, Cwmdare, Aberdare	£65,000 Oct-2023	61	1,065

See the entire list of all sales in Cwmdare (CF44 8) here.