Feb 07, 2023 by HM

House prices in Nelson (CF46 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Nelson (CF46 6).

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Price per square metre

Knowing the average house price in Nelson 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, Caiach Terrace, Nelson, sold for £105,000 on Sep-2023. Given the internal area of 79 square metres, the price per sqm is £1,329.

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 198 sales in Nelson (CF46 6) 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 Nelson (CF46 6). Of the 198 transactions, half were sold for between £1,300 and £2,610 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,610m². 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 'CF46 6' is £1,890. The table below shows how 'CF46 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF46 5 Treharris	£1,380m2	£1,670m2	£2,270m2
CF46 6 Nelson	£1,300m2	£1,890m2	£2,610m2

Will Nelson 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 CF46 6 (Nelson). 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 CF46 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Nelson

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 Nelson. 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 Nelson

Street level data

Street	Avg size	Avg £/m2	Recent sales
High Street, Nelson, CF46 6A	86m2	£1,346	14
Hylton Terrace, Nelson, CF46 6R	93m2	£1,169	13
Shingrig Road, Nelson, CF46 6D	87m2	£1,754	13
Bryncelyn, Nelson, CF46 6H	91m2	£1,714	13
Maen Gilfach, Nelson, CF46 6B	91m2	£1,904	12
Ffos Y Cerridden, Nelson, CF46 6H	80m2	£2,382	11
High Street, Nelson, CF46 6R	99m2	£1,031	11
Bedw Road, Nelson, CF46 6T	65m2	£1,100	10

Search for your street here.

Raw data

Our analysis of Nelson 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, Caiach Terrace, Nelson	£105,000 Sep-2023	79	1,329
12, Rowan Close, Nelson	£235,000 Aug-2023	89	2,640
3, Manor View, Nelson	£159,000 Aug-2023	63	2,523

See the entire list of all sales in Nelson (CF46 6) here.