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House Prices in CF48 House Prices in CF48 (Merthyr Tydfil)

The average house price in CF48 (Merthyr Tydfil) is £108,357 using HM Land Registry data.

The average property price increased by £20,675 (52.03%) over the last 5 years and increased by £4,142 (6.68%) over the last 12 months.

Over the last year, there were 201 residential property sales – a decrease of 73 transactions (-36.32%) relative to the previous year. The majority of house sales (53) were in the £80,000 - £116,000 range. Then came properties in the £116,000 - £152,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,160 (-4%).

In Oct 24, there were 55 new estate agency instructions, 35 agreed home sales and 34 property price reductions.

Nearby Postcodes: CF37, CF42, CF43, CF44, CF45, CF46, CF47, CF81, CF82, CF83, HR3, LD2, LD3, LD4, NP12, NP22, NP23, NP24, NP7, NP8, SA10, SA11, SA13, SA19, SA20, SA9

5-Year Average Property Prices in CF48 (Merthyr Tydfil)

52.03%

Property prices in Merthyr Tydfil increased by 52.03% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CF48 (Merthyr Tydfil) Over the Last Year

6.68%

Property prices in Merthyr Tydfil increased by 6.68% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for CF48 (Merthyr Tydfil) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CF48 (Merthyr Tydfil)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CF48 (Merthyr Tydfil)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CF48 (Merthyr Tydfil)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CF48 (Merthyr Tydfil) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CF48 postcode area since 1995.

Recent Sales in CF48 (Merthyr Tydfil)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Yew Street, Troedyrhiw, Merthyr Tydfil, CF48 4DZ£118,000£115,000-£3,00024 Apr 202416 Aug 2024114 Days
8 Nixonville, Merthyr Vale, Merthyr Tydfil, CF48 4RF£135,000£129,000-£6,00024 May 202408 Aug 202476 Days
12 Beechwood Avenue, Trefechan, Merthyr Tydfil, CF48 2EP£130,000£26,500-£103,50017 Jun 202130 Jul 20241139 Days
39 Brookfield Terrace, Troedyrhiw, Merthyr Tydfil, CF48 4HZ£129,950£120,000-£9,95017 Jan 202412 Jul 2024177 Days
2 Danyderi Terrace, Merthyr Vale, Merthyr Tydfil, CF48 4SL£135,000£130,000-£5,00015 May 202412 Jul 202458 Days
9 Guest Cottages, Dowlais, Merthyr Tydfil, CF48 3NT£119,995£107,000-£12,99507 Mar 202410 Jul 2024125 Days
5 Zion Close, Troedyrhiw, Merthyr Tydfil, CF48 4NJ£265,000£265,000£0029 Feb 202428 Jun 2024120 Days
19 Cardiff Road, Merthyr Vale, Merthyr Tydfil, CF48 4RX£98,500£98,500£0016 Feb 202421 Jun 2024126 Days
22 Gersanws, Cefn Coed, Merthyr Tydfil, CF48 2NS£155,000£145,000-£10,00011 Mar 202421 Jun 2024102 Days
14 Regent Street, Dowlais, Merthyr Tydfil, CF48 3BA£150,000£150,000£0013 Dec 202306 Jun 2024176 Days
8 Fair View Estate, Merthyr Tydfil, CF48 1HW£220,000£205,000-£15,00012 Sep 202331 May 2024262 Days
9 Heol Parc Maen, Merthyr Tydfil, CF48 1LF£130,000£118,000-£12,00025 Jan 202431 May 2024127 Days
30 Elm Street, Troedyrhiw, Merthyr Tydfil, CF48 4EA£99,950£96,000-£3,95013 Oct 202317 May 2024217 Days
67 Balaclava Road, Dowlais, Merthyr Tydfil, CF48 3BW£245,000£239,000-£6,00002 Feb 202417 May 2024105 Days
5 Wern Street, Dowlais, Merthyr Tydfil, CF48 3NG£105,000£100,000-£5,00023 Feb 202415 May 202482 Days
49 Wyndham Street, Troedyrhiw, Merthyr Tydfil, CF48 4JY£99,995£94,000-£5,99509 Aug 202315 May 2024280 Days
8 Cross Blanche Street, Dowlais, Merthyr Tydfil, CF48 3PD£102,000£96,000-£6,00029 Feb 202410 May 202471 Days
74 Swansea Road, Clwydyfagwyr, Merthyr Tydfil, CF48 1HR£205,000£200,000-£5,00030 Dec 202310 May 2024132 Days
6 Heol-y-bryniau, Pant, Merthyr Tydfil, CF48 2DH£190,000£180,000-£10,00002 Oct 202310 May 2024221 Days
5 Old School Close, Georgetown, Merthyr Tydfil, CF48 1DA£159,000£153,500-£5,50029 Jan 202409 May 2024101 Days

Most Expensive Streets in CF48 (Merthyr Tydfil)

PostcodeStreetAreaAverageNo. of Sales
CF48 1NSClos CribynMerthyr Tydfil£496,1005
CF48 1RZMaes Meyrick, HeolgerrigMerthyr Tydfil£418,3333
CF48 1RDWinchfawr, HeolgerrigMerthyr Tydfil£418,3333
CF48 1BWHeol Corn Du, Beacon HeightsMerthyr Tydfil£393,1258
CF48 4PXWoodland Drive, AberfanMerthyr Tydfil£392,8754
CF48 2NQHeol Y Mynydd, Cefn CoedMerthyr Tydfil£348,3333
CF48 2EJThe Hawthorns, PantMerthyr Tydfil£326,6666
CF48 1ENLakeside GardensMerthyr Tydfil£316,6005
CF48 1BPChapel Banks, GeorgetownMerthyr Tydfil£304,3333
CF48 1HWFair View EstateMerthyr Tydfil£303,3333

Least Expensive Streets in CF48 (Merthyr Tydfil)

PostcodeStreetAreaAverageNo. of Sales
CF48 1HFHeol Rhos LasMerthyr Tydfil£63,6874
CF48 4NFMorgan Jones Square, TroedyrhiwMerthyr Tydfil£66,0004
CF48 4LBCardiff Road, TroedyrhiwMerthyr Tydfil£67,3333
CF48 3PNHigh Street, Dowlais TopMerthyr Tydfil£71,4166
CF48 4SWAlberta Street, Merthyr ValeMerthyr Tydfil£73,7653
CF48 4PLBryntaf, AberfanMerthyr Tydfil£74,0005
CF48 4HEWindsor Street, TroedyrhiwMerthyr Tydfil£74,1166
CF48 4HBHill Street, TroedyrhiwMerthyr Tydfil£74,6005
CF48 1YPQuay Row, AbercanaidMerthyr Tydfil£76,6663
CF48 4EAElm Street, TroedyrhiwMerthyr Tydfil£76,8339

Explore CF48 (Merthyr Tydfil) using map

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