Feb 07, 2023 by HM

House prices in Llantwit Major (CF61 2)

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

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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. 23, Cwrt Y Cadno, Llantwit Major, sold for £286,000 on Sep-2023. Given the internal area of 84 square metres, the price per sqm is £3,404.

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. £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 104 sales in Llantwit Major (CF61 2) 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 Llantwit Major (CF61 2). Of the 104 transactions, half were sold for between £2,550 and £3,630 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,630m². 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 'CF61 2' is £3,220. The table below shows how 'CF61 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF61 1 Llantwit Major	£2,920m2	£3,280m2	£3,570m2
CF61 2 Llantwit Major	£2,550m2	£3,220m2	£3,630m2

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 scatter plot below for CF61 2 (Llantwit Major). 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 CF61 2 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Llantwit Major data or any other data I am given.

Price map for Llantwit Major

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Llantwit Major

Street level data

Street	Avg size	Avg £/m2	Recent sales
Monmouth Way, Llantwit Major, CF61 2G	89m2	£2,744	14
Clos Ogney, Llantwit Major, CF61 2S	68m2	£3,468	13
Church Meadow, Llantwit Major, CF61 2A	69m2	£2,584	12
Heol Y Fro, Llantwit Major, CF61 2S	66m2	£2,793	11
Llanmaes Road, Llantwit Major, CF61 2X	125m2	£2,738	11
Cardigan Crescent, Llantwit Major, CF61 2G	103m2	£2,668	10
Eagleswell Road, Llantwit Major, CF61 2U	96m2	£2,029	10
South View, Llantwit Major, CF61 2A	92m2	£2,741	8

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Plasnewydd Walk, Llantwit Major, CF61 2Y	94m2	£2,713	21
Cae Brewis, Llantwit Major, CF61 2A	103m2	£2,772	11
Heritage View, Llantwit Major, CF61 2Z	82m2	£2,960	11

Plasnewydd Walk, Llantwit Major, CF61 2Y has seen 21 new build sales in the last 4 years (average price £254,145). These new build homes typically have an internal area of 94 m2, with an average price of £2,713 m2. This £sqm average is £-507 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.

Address	Paid	m2	£/m2
23, Cwrt Y Cadno, Llantwit Major	£286,000 Sep-2023	84	3,404
The Croft, , Llantwit Major	£625,000 Aug-2023	121	5,165
28, Clos Ogney, Llantwit Major	£230,000 Jul-2023	56	4,107

See the entire list of all sales in Llantwit Major (CF61 2) here.