Feb 07, 2023 by HM

House prices in Ely (CF5 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Ely (CF5 5).

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Price per square metre

Knowing the average house price in Ely 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. 28, Riverside Terrace, Ely, Cardiff, sold for £310,000 on Sep-2023. Given the internal area of 134 square metres, the price per sqm is £2,313.

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 182 sales in Ely (CF5 5) 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 Ely (CF5 5). Of the 182 transactions, half were sold for between £2,010 and £2,740 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,740m². 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 'CF5 5' is £2,420. The table below shows how 'CF5 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF5 2 Llandaff	£3,270m2	£3,840m2	£4,290m2
CF5 4 Ely	£2,030m2	£2,410m2	£3,080m2
CF5 1 Canton	£2,910m2	£3,340m2	£3,820m2
CF5 3 Fairwater	£2,240m2	£2,550m2	£3,060m2
CF5 5 Ely	£2,010m2	£2,420m2	£2,740m2
CF5 6 St Fagans	£3,320m2	£3,660m2	£3,970m2

Will Ely 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 CF5 5 (Ely). 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 CF5 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Ely

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 Ely. 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 Ely

Street level data

Street	Avg size	Avg £/m2	Recent sales
Cowbridge Road West, Ely, CF5 5B	89m2	£2,145	20
Caerau Lane, Ely, CF5 5H	99m2	£2,103	17
Cowbridge Road West, Ely, CF5 5T	91m2	£2,128	17
Lauriston Park, Ely, CF5 5Q	59m2	£2,602	15
Heol Yr Odyn, Ely, CF5 5Q	91m2	£2,119	13
Thorne Way, Ely, CF5 5D	92m2	£2,524	12
Heol Trelai, Ely, CF5 5P	93m2	£1,921	10
Heol Draenen Wen, Ely, CF5 5T	71m2	£3,341	10

Search for your street here.

Raw data

Our analysis of Ely 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
28, Riverside Terrace, Ely, Cardiff	£310,000 Sep-2023	134	2,313
10, Heather Avenue, Ely, Cardiff	£255,000 Aug-2023	99	2,575
6, Narberth Rd, Ely, Cardiff	£143,500 Aug-2023	59	2,432

See the entire list of all sales in Ely (CF5 5) here.