# House prices in CF83 1 (Caerphilly)

## Defining 'CF83 1'

This analysis is limited to properties whose postcode starts with "CF83 1", 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 Caerphilly.

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 Caerphilly 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. 6, Clifton Street, Caerphilly, sold for £115,000 on Mar-2024. Given the internal area of 76 square metres, the price per sqm is £1,513.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 212 sales in Caerphilly (CF83 1) that took place in the last two years.

##### Distribution of £ per sqm for Caerphilly
Distribution of £ per sqm house prices in Caerphilly

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 Caerphilly (CF83 1). Of the 212 transactions, half were sold for between £2,140 and £3,420 per square metre. The median, or 'middle', price per square metre in 'CF83 1' is £2,810. Notably, only 25% of properties that sold recently were valued at more than £3,420 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 Caerphilly

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 Caerphilly. 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 Caerphilly

## Comparison with neighbouring postcode sectors

The table below shows how 'CF83 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CF83 2 Caerphilly £2,290 sqm £2,770 sqm £3,180 sqm
CF83 8 Bedwas £2,030 sqm £2,490 sqm £3,070 sqm
CF83 4 Abertridwr £1,320 sqm £1,590 sqm £1,850 sqm
CF83 1 Caerphilly £2,140 sqm £2,810 sqm £3,420 sqm
CF83 3 Llanbradach £1,960 sqm £2,350 sqm £2,860 sqm

## Will Caerphilly 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 CF83 1 (Caerphilly) compared with both the wider area CF83 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 Caerphilly,Caerphilly
House price trends for Caerphilly

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 CF83 1 sales
Recent trends for Caerphilly

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 Caerphilly 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 Caerphilly 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
Van Road, Caerphilly, CF83 1L 88 sqm £2,067 30
Nantgarw Road, Caerphilly, CF83 1A 81 sqm £1,934 21
St Martins Road, Caerphilly, CF83 1E 124 sqm £2,905 18
Cwrt Nant Y Felin, Caerphilly, CF83 1T 63 sqm £3,433 13
St Christophers Drive, Caerphilly, CF83 1D 77 sqm £2,471 11
Castle Mews, Caerphilly, CF83 1P 55 sqm £2,373 11
Bartlett Street, Caerphilly, CF83 1J 101 sqm £2,000 10
Rowland Drive, Caerphilly, CF83 1T 61 sqm £3,334 10

## Raw data

Our analysis of Caerphilly 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.

6, Clifton St, Caerphilly £115,000
Mar-2024
76 1,513
21, Trevelyan Court, Caerphilly £142,000
Mar-2024
80 1,775
21, Lon Hafren, Caerphilly £359,000
Mar-2024
101 3,554