Feb 07, 2023 by HM

# House prices in Penarth (CF64 2)

## Defining 'CF64 2'

This analysis is limited to properties whose postcode starts with "CF64 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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. 35, Harriet Street, Penarth, sold for £256,500 on Feb-2024. Given the internal area of 85 square metres, the price per sqm is £3,017.

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 163 sales in Penarth (CF64 2) that took place in the last two years.

##### Distribution of £ per sqm for Penarth (CF64 2)
Distribution of £ per sqm house prices in Penarth

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 Penarth (CF64 2). Of the 163 transactions, half were sold for between £2,970 and £4,040 per square metre. The median, or 'middle', price per square metre in 'CF64 2' is £3,460. Notably, only 25% of properties that sold recently were valued at more than £4,040m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Penarth

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 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.

House price heatmap for Penarth

## Comparison with neighbouring postcode sectors

The table below shows how 'CF64 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF64 1 Penarth £3,030m2 £3,540m2 £4,050m2
CF64 3 Penarth £3,320m2 £3,850m2 £4,340m2
CF64 4 Dinas Powys £3,030m2 £3,490m2 £3,990m2
CF64 5 Sully £3,020m2 £3,720m2 £4,550m2
CF64 2 Penarth £2,970m2 £3,460m2 £4,040m2

## 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 2 (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 2 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Penarth (CF64 2) over time
House price trends for Penarth

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Wordsworth Avenue, Penarth, CF64 2R 109m2 £3,944 24
Stanwell Road, Penarth, CF64 2E 71m2 £2,712 21
Uplands Crescent, Penarth, CF64 2P 86m2 £2,815 20
Redlands Road, Penarth, CF64 2W 120m2 £3,573 15
Andrew Road, Penarth, CF64 2N 80m2 £2,794 12
Dock Street, Penarth, CF64 2L 89m2 £2,587 12
Pill Street, Penarth, CF64 2J 96m2 £2,617 11
Redlands Road, Penarth, CF64 2Q 118m2 £3,718 10

## 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.