Feb 07, 2023 by HM

House prices in Rhoose (CF62 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Rhoose (CF62 3).

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Price per square metre

Knowing the average house price in Rhoose 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. 26, Kenson Close, Rhoose, Barry, sold for £261,500 on Sep-2023. Given the internal area of 80 square metres, the price per sqm is £3,268.

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 160 sales in Rhoose (CF62 3) 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 Rhoose (CF62 3). Of the 160 transactions, half were sold for between £2,780 and £3,530 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,530m². 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 'CF62 3' is £3,140. The table below shows how 'CF62 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF62 5 Barry	£2,550m2	£3,090m2	£3,520m2
CF62 4 St Athan	£1,810m2	£2,300m2	£2,720m2
CF62 8 Barry	£1,970m2	£2,530m2	£3,270m2
CF62 6 Barry	£2,290m2	£2,810m2	£3,460m2
CF62 3 Rhoose	£2,780m2	£3,140m2	£3,530m2
CF62 7 Barry	£1,970m2	£2,420m2	£3,260m2
CF62 9 Barry	£2,360m2	£2,680m2	£3,110m2

Will Rhoose 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 CF62 3 (Rhoose). 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 CF62 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rhoose

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 Rhoose. 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 Rhoose

Street level data

Street	Avg size	Avg £/m2	Recent sales
Fonmon Park Road, Rhoose, CF62 3B	83m2	£2,631	19
Picton Road, Rhoose, CF62 3H	77m2	£3,315	15
Rhoose Way, Rhoose, CF62 3F	103m2	£2,984	15
Murlande Way, Rhoose, CF62 3H	66m2	£2,929	13
Fontygary Road, Rhoose, CF62 3D	141m2	£2,263	13
Llanmead Gardens, Rhoose, CF62 3H	83m2	£3,006	13
Heol Y Sianel, Rhoose, CF62 3N	107m2	£2,753	12
Cilgant Y Meillion, Rhoose, CF62 3L	120m2	£2,765	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Railway Road, Rhoose, CF62 3F	98m2	£2,709	23

Railway Road, Rhoose, CF62 3F has seen 23 new build sales in the last 4 years (average price £252,657). These new build homes typically have an internal area of 98 m2, with an average price of £2,709 m2. This £sqm average is £-431 below the average for CF62 3. New builds typically command a £ per sqm premium. In the case of Railway Road 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 Rhoose 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
26, Kenson Close, Rhoose, Barry	£261,500 Sep-2023	80	3,268
55, Llanmead Gardens, Rhoose, Barry	£336,000 Sep-2023	99	3,393
137, Fontygary Rd, Rhoose, Barry	£320,000 Aug-2023	92	3,478

See the entire list of all sales in Rhoose (CF62 3) here.