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House Prices in CF48

The average house price in CF48 (Merthyr Tydfil) is £110,750 using HM Land Registry data.

The average property price increased by £35,782 (52.03%) over the last 5 years and increased by £7,153 (6.68%) over the last 12 months.

Over the last year, there were 209 residential property sales – a decrease of 136 transactions (-65.07%) relative to the previous year. The majority of house sales (57) were in the £116,000 - £152,000 range. Then came properties in the £80,000 - £116,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,160 (-4%).

In June 2024, there were 42 new estate agency instructions, 28 agreed home sales and 31 property price reductions.

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.

Property Market Heat Gauge for CF48 (Merthyr Tydfil) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
30 Elm Street, Troedyrhiw, Merthyr Tydfil, CF48 4EA	£99,950	£96,000	-£3,950	13 Oct 2023	17 May 2024	217 Days
5 Wern Street, Dowlais, Merthyr Tydfil, CF48 3NG	£105,000	£100,000	-£5,000	23 Feb 2024	15 May 2024	82 Days
8 Cross Blanche Street, Dowlais, Merthyr Tydfil, CF48 3PD	£102,000	£96,000	-£6,000	29 Feb 2024	10 May 2024	71 Days
2 Poplar Terrace, Pentrebach, Merthyr Tydfil, CF48 4BW	£109,000	£105,000	-£4,000	04 Jan 2024	03 May 2024	120 Days
25 Thomas Street, Aberfan, Merthyr Tydfil, CF48 4NY	£135,000	£129,000	-£6,000	27 Nov 2023	19 Apr 2024	144 Days
30 Cottrell Street, Aberfan, Merthyr Tydfil, CF48 4QU	£90,000	£83,200	-£6,800	11 Dec 2023	28 Mar 2024	108 Days
22 Winchfawr, Heolgerrig, Merthyr Tydfil, CF48 1RD	£165,000	£125,000	-£40,000	14 Jun 2022	08 Mar 2024	633 Days
20 Pleasant View, Aberfan, Merthyr Tydfil, CF48 4PQ	£80,000	£65,750	-£14,250	10 Aug 2023	06 Mar 2024	209 Days
16 South Terrace, Cefn Coed, Merthyr Tydfil, CF48 2RL	£150,000	£150,000	£00	06 Sep 2023	09 Feb 2024	156 Days
6 Aberfan Crescent, Aberfan, Merthyr Tydfil, CF48 4NP	£85,000	£85,000	£00	21 Jul 2023	02 Feb 2024	196 Days
3 St Lukes Close, Pant, Merthyr Tydfil, CF48 2DT	£150,000	£135,000	-£15,000	01 Jul 2023	29 Jan 2024	212 Days
11 Conway Grove, Merthyr Tydfil, CF48 1JJ	£210,000	£202,500	-£7,500	20 Oct 2023	26 Jan 2024	98 Days
25 Oakfield Street, Aberfan, Merthyr Tydfil, CF48 4QB	£125,000	£102,500	-£22,500	07 Mar 2023	26 Jan 2024	325 Days
26 Harriet Town, Troedyrhiw, Merthyr Tydfil, CF48 4HJ	£99,950	£86,000	-£13,950	10 Jul 2023	22 Jan 2024	196 Days
Oak Villa, Cardiff Road, Merthyr Vale, Merthyr Tydfil, CF48 4RX	£230,000	£222,000	-£8,000	12 Jul 2023	22 Jan 2024	194 Days
56 Gwladys Street, Pant, Merthyr Tydfil, CF48 2AU	£140,000	£127,000	-£13,000	25 Apr 2023	19 Jan 2024	269 Days
62 Brecon Rise, Pant, Merthyr Tydfil, CF48 2EE	£249,950	£237,000	-£12,950	15 Sep 2023	19 Jan 2024	126 Days
6 Heol Y Castell, Pant, Merthyr Tydfil, CF48 2DF	£150,000	£125,000	-£25,000	26 Oct 2023	12 Jan 2024	78 Days
5 Grawen Houses, Cefn Coed, Merthyr Tydfil, CF48 2NL	£265,000	£247,000	-£18,000	22 Jun 2023	10 Jan 2024	202 Days
47 The Birchway, Trefechan, Merthyr Tydfil, CF48 2HA	£115,000	£110,000	-£5,000	28 Oct 2023	04 Jan 2024	68 Days

Most Expensive Streets in CF48 (Merthyr Tydfil)

Postcode	Street	Area	Average	No. of Sales
CF48 1NS	Clos Cribyn	Merthyr Tydfil	£496,100	5
CF48 1RD	Winchfawr, Heolgerrig	Merthyr Tydfil	£488,866	3
CF48 1RZ	Maes Meyrick, Heolgerrig	Merthyr Tydfil	£418,333	3
CF48 1BW	Heol Corn Du, Beacon Heights	Merthyr Tydfil	£399,285	7
CF48 4PX	Woodland Drive, Aberfan	Merthyr Tydfil	£374,290	5
CF48 1TD	Heolgerrig	Merthyr Tydfil	£370,000	3
CF48 1TL	Winchfawr Park, Heolgerrig	Merthyr Tydfil	£357,666	3
CF48 2NQ	Heol Y Mynydd, Cefn Coed	Merthyr Tydfil	£348,333	3
CF48 3SS	Y Graig, Pant	Merthyr Tydfil	£329,650	3
CF48 2EJ	The Hawthorns, Pant	Merthyr Tydfil	£326,666	6

Least Expensive Streets in CF48 (Merthyr Tydfil)

Postcode	Street	Area	Average	No. of Sales
CF48 1HF	Heol Rhos Las	Merthyr Tydfil	£63,687	4
CF48 4NF	Morgan Jones Square, Troedyrhiw	Merthyr Tydfil	£66,000	4
CF48 3PN	High Street, Dowlais Top	Merthyr Tydfil	£66,750	6
CF48 4RR	Greys Place, Merthyr Vale	Merthyr Tydfil	£73,166	3
CF48 4SW	Alberta Street, Merthyr Vale	Merthyr Tydfil	£73,765	3
CF48 4PL	Bryntaf, Aberfan	Merthyr Tydfil	£74,000	5
CF48 4HE	Windsor Street, Troedyrhiw	Merthyr Tydfil	£74,116	6
CF48 4HB	Hill Street, Troedyrhiw	Merthyr Tydfil	£74,600	5
CF48 4EA	Elm Street, Troedyrhiw	Merthyr Tydfil	£74,650	10
CF48 3NU	Upper Row, Dowlais	Merthyr Tydfil	£74,997	4