Feb 07, 2023 by HM

House prices in Bedwas (CF83 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Bedwas (CF83 8).

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Price per square metre

Knowing the average house price in Bedwas 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. 48, Coronation Street, Bedwas, Caerphilly, sold for £140,000 on Aug-2023. Given the internal area of 84 square metres, the price per sqm is £1,666.

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. £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 215 sales in Bedwas (CF83 8) 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 Bedwas (CF83 8). Of the 215 transactions, half were sold for between £1,920 and £3,040 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,040m². 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 'CF83 8' is £2,410. The table below shows how 'CF83 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CF83 2 Caerphilly	£2,190m2	£2,670m2	£3,090m2
CF83 4 Abertridwr	£1,360m2	£1,590m2	£1,870m2
CF83 1 Caerphilly	£2,210m2	£2,850m2	£3,330m2
CF83 3 Llanbradach	£1,940m2	£2,350m2	£2,790m2
CF83 8 Bedwas	£1,920m2	£2,410m2	£3,040m2

Will Bedwas 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 CF83 8 (Bedwas). 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 CF83 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Bedwas

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 Bedwas. 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 Bedwas

Street level data

Street	Avg size	Avg £/m2	Recent sales
Pandy Road, Bedwas, CF83 8E	103m2	£2,188	20
The Crescent, Bedwas, CF83 8A	102m2	£1,943	10
Mary Street, Bedwas, CF83 8H	86m2	£1,535	10
Hedge Field Way, Bedwas, CF83 8J	83m2	£1,679	9
Ridgeway, Bedwas, CF83 8R	110m2	£2,401	9
James Street, Bedwas, CF83 8F	88m2	£1,738	8
William Street, Bedwas, CF83 8F	83m2	£1,792	8
Coronation Street, Bedwas, CF83 8D	83m2	£1,535	8

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Stone Field Road, Bedwas, CF83 8J	72m2	£2,309	11

Stone Field Road, Bedwas, CF83 8J has seen 11 new build sales in the last 4 years (average price £185,673). These new build homes typically have an internal area of 72 m2, with an average price of £2,309 m2. This £sqm average is £-101 below the average for CF83 8. New builds typically command a £ per sqm premium. In the case of Stone Field 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 Bedwas 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
48, Coronation St, Bedwas, Caerphilly	£140,000 Aug-2023	84	1,666
81, Commercial Rd, Bedwas, Caerphilly	£77,000 Aug-2023	51	1,509
24, Clos Pandy, Bedwas, Caerphilly	£425,000 Aug-2023	166	2,560

See the entire list of all sales in Bedwas (CF83 8) here.