Feb 07, 2023 by HM

House prices in Penarth (CF64 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Penarth (CF64 1).

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Price per square metre

Knowing the average house price in Penarth 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. 3 Ty Gwalia, Pierhead View, Penarth, sold for £180,000 on Aug-2023. Given the internal area of 56 square metres, the price per sqm is £3,214.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 233 sales in Penarth (CF64 1) 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 Penarth (CF64 1). Of the 233 transactions, half were sold for between £2,950 and £3,910 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,910m². 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 'CF64 1' is £3,440. The table below shows how 'CF64 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF64 1 Penarth	£2,950m2	£3,440m2	£3,910m2
CF64 5 Sully	£2,980m2	£3,710m2	£4,570m2
CF64 3 Penarth	£3,380m2	£3,860m2	£4,400m2
CF64 4 Dinas Powys	£3,000m2	£3,440m2	£3,840m2
CF64 2 Penarth	£2,960m2	£3,400m2	£4,080m2

Will Penarth 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 CF64 1 (Penarth). 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 CF64 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Penarth

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 Penarth. 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 Penarth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Trem Elai, Penarth, CF64 1T	71m2	£3,553	31
Plassey Street, Penarth, CF64 1E	107m2	£3,028	20
Queens Road, Penarth, CF64 1D	94m2	£3,047	19
Bradford Place, Penarth, CF64 1N	45m2	£2,547	18
Marconi Avenue, Penarth, CF64 1S	70m2	£3,598	15
Windsor Road, Penarth, CF64 1J	127m2	£2,614	15
Glebe Street, Penarth, CF64 1E	84m2	£3,189	14
Salop Street, Penarth, CF64 1H	95m2	£2,888	14

Search for your street here.

Raw data

Our analysis of Penarth 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
3 Ty Gwalia, Pierhead View, Penarth	£180,000 Aug-2023	56	3,214
14 Ty Westonia, Pierhead View, Penarth	£250,000 Aug-2023	68	3,676
Flat 5 Vista Court, Northcliffe Drive, Penarth	£305,000 Aug-2023	54	5,648

See the entire list of all sales in Penarth (CF64 1) here.