2, LETTY STREET, CARDIFF, CF24 4EJ - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 LETTY STREET is a midsized terraced house of 119m², built sometime before 1900, which could now be worth an estimated £468,872. It was last sold for £400,000 in December 2021, which was around 79% above the average December 2021 terraced price in the Cardiff local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

2 LETTY STREET Sold Prices

Land registry data shows three sales for 2 LETTY STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cardiff local authority area for the corresponding sale date. Two of the three 2 LETTY STREET sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 3 DEC	£400,000	£223,695	79% above HPI
2021 3 MAR	£180,000	£211,136	15% below HPI
1997 17 MAR	£47,500	£44,703	6% above HPI

2 LETTY STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cardiff local authority area over time, sourced from the HPI. The three 2 LETTY STREET sales between March 1997 and December 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2021 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2021 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might 2 LETTY STREET be worth now?

2 LETTY STREET might now be worth an estimated £468,872.

This is based on house price inflation of 17.2%, between December 2021 and May 2026, for terraced houses, in the Cardiff local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 2 LETTY STREET of £400,000 on 3rd December 2021. For the value to have increased from £400,000 to £468,872 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 LETTY STREET has moved in line with the HPI for terraced houses in the Cardiff local authority area.
• The December 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LETTY STREET has not materially changed since December 2021.

How Large is 2 LETTY STREET?

2 LETTY STREET is 119m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of terraced houses houses in Cardiff, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cardiff, and where 2 LETTY STREET lies on this distribution: 47% of terraced houses houses are smaller than 2 LETTY STREET, and 52% of houses are larger. Note that EPC data is not available for all properties in Cardiff.

2 LETTY STREET: Plot and Title Map

2 LETTY STREET sits on a plot of roughly 0.023 of an acre, or 93m². The below map shows the location of 2 LETTY STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 LETTY STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 LETTY STREET?

2 LETTY STREET is located in CARDIFF, in the CF24 postcode district. The below map shows the position of No. 2 on LETTY STREET.