# House prices in CF61 2 (Llantwit Major)

This article reveals price per square metre data and various charts to help you understand current housing market in Llantwit Major (CF61 2).

## Defining 'CF61 2'

This analysis is limited to properties whose postcode starts with "CF61 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Llantwit Major.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Llantwit Major 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. 67, Caer Worgan, Llantwit Major, sold for £197,000 on Mar-2024. Given the internal area of 55 square metres, the price per sqm is £3,581.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 100 sales in Llantwit Major (CF61 2) that took place in the last two years.

##### Distribution of £ per sqm for Llantwit Major
Distribution of £ per sqm house prices in Llantwit Major

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 Llantwit Major (CF61 2). Of the 100 transactions, half were sold for between £2,660 and £3,790 per square metre. The median, or 'middle', price per square metre in 'CF61 2' is £3,400. Notably, only 25% of properties that sold recently were valued at more than £3,790 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Llantwit Major

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 Llantwit Major. 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.

House price heatmap for Llantwit Major

## Comparison with neighbouring postcode sectors

The table below shows how 'CF61 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF61 2 Llantwit Major £2,660 sqm £3,400 sqm £3,790 sqm
CF61 1 Llantwit Major £2,910 sqm £3,280 sqm £3,760 sqm

## Will Llantwit Major 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 chart below for CF61 2 (Llantwit Major) compared with both the wider area CF61 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Llantwit Major,Llantwit Major
House price trends for Llantwit Major

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CF61 2 sales
Recent trends for Llantwit Major

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Llantwit Major to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Llantwit Major 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Clos Ogney, Llantwit Major, CF61 2S 69 sqm £3,468 13
Cae Brewis, Llantwit Major, CF61 2A 103 sqm £2,901 12
Monmouth Way, Llantwit Major, CF61 2G 89 sqm £2,822 12
Llanmaes Road, Llantwit Major, CF61 2X 124 sqm £3,091 12
Heritage View, Llantwit Major, CF61 2Z 83 sqm £3,029 12
Cardigan Crescent, Llantwit Major, CF61 2G 102 sqm £2,902 11
Church Meadow, Llantwit Major, CF61 2A 70 sqm £2,759 11
Eagleswell Road, Llantwit Major, CF61 2U 94 sqm £2,029 10

## New build activity

Street Avg size Avg £sqm New build sales
Plasnewydd Walk, Llantwit Major, CF61 2Y 94 sqm £2,827 11

Plasnewydd Walk, Llantwit Major, CF61 2Y has seen 11 new build sales in the last 4 years (average price £258,961). These new build homes typically have an internal area of 94 sqm, with an average price of £2,827 sqm. This £sqm average is £-573 below the average for CF61 2. New builds typically command a £ per sqm premium. In the case of Plasnewydd Walk the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Llantwit Major 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.