House prices in Wales have fallen slightly according to the latest data. While prices are up 5% compared to this time last year they have fallen by 1.6% since the end of 2022 with the average cost of a house in Wales now just under a quarter of a million pounds.
The Wales House Price Index from the Principality Building Society shows the average price was £245,101 in the first quarter of 2023 from January to March. All but two local authorities in Wales have experienced a rise since the start of 2022 with Gwynedd and Anglesey the only areas to experience falls in price.
Areas including Merthyr Tydfil (20%) and Bridgend (13%) experienced steep annual rises while prices in Cardiff also rose by 3.8% compared to March last year with the average house price in the capital now £300,095. However this is slightly down on last quarter when the average house in Cardiff cost £304,921.
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Going back to 2021 the average house price in Cardiff was more than £20,000 lower at £279,250 while in the year before that they were nearly £45,000 cheaper than they are now, at £256,524. Don't miss the best dream homes in Wales, auction properties, renovation stories, and interiors – join the Amazing Welsh Homes newsletter which is sent to your inbox twice a week.
Now the average detached house in Cardiff will set you back a fraction under half a million pounds at £499,737 while a semi-detached property costs £317,499. Terraced houses cost on average £279,149 with flats coming with an average price tag of £166,745.
While Cardiff's new average price of £300,000 represents a slight fall in costs it's still a lot of money. Luckily you can still get plenty of quality for that sum, whatever you're looking for, with a number of sought-after properties in the city available for that price or less. Here are some of the homes currently on the market in the capital.
Adamsdown - £250,000
This three-bedroom terraced house in Pearl Street has a guide price of £250,000, which is well below the average house price for the city. The spacious property boasts a knock-through living and dining room, a fitted kitchen, and family bathroom as well as three generous double bedrooms and a good-sized garden.
The property is located in a quiet area but is just a short walk from local amenities and the shops and restaurants in the city centre. It is also within short distance of the A48 and M4 arteries.
It's been put on the market by Purplebricks. Call an agent on 029 2271 2091 for more information.
Butetown - £300,000
This semi-detached family home is found in a rarely available cul-de sac just a short stroll from the Bay and transport links to the city centre as well as local schools, shops, and restaurants. It is comprised of three bedrooms, a four-piece bathroom ,and a light, spacious living room, dining room, and 'country-style' kitchen.
The rear garden is the property's 'jewel in the crown', however, with a spacious lawn and a side patio leading to a detached outbuilding. The annexe is currently used as guest accommodation, with one main living/sleeping room and a separate shower, while a 'secret patio' also allows you complete privacy at the end of the garden.
The property is being marketed by Allen & Harris, with a guide price of exactly £300,000. Call an agent on 029 2271 4935 for more information.
Canton - £275,000
This traditional family home in the sought-after Westmoreland Street is being offered for sale with no onward chain. It briefly comprises two reception rooms, a dining room, fitted kitchen, downstairs cloakroom, three good-size bedrooms, and a bathroom.
Outside there is an enclosed rear garden and a small forecourt to the front while it also offers easy access to the main shopping centre in Canton as well as the bars, cafes, shops, and other amenities of Pontcanna and the city centre.
It's on the market with Hern and Crabtree and is listed for £275,000. Call an agent on 029 2271 6621 for more information.
Cathays - £300,000
This traditional five-bedroom terraced house in the heart of Cathays benefits from an excellent location and is just a short stroll from shops, restaurants, and supermarkets as well as the city centre and university campuses. It is marketed as "the ideal student location for investment buyers looking to grow their rental portfolio" and boasts period features as well as an enclosed front and rear garden.
It's on the market with Peter Alan for £300,000. Call an agent on 029 2271 0570 for more information.
Gabalfa - £265,000
This spacious semi-detached house is marketed as a perfect first-time buy or family home with a number of local schools and transport links nearby. With a gated driveway and off-road parking it also boasts two large double bedrooms and a single bedroom that can be used as a home office as well as a bright, airy lounge and sitting room, spacious kitchen, and dining area and a family bathroom.
Outside a lawn and patio garden also features a brick summer house with a log-burning stove making it a great entertaining space or hideaway. Offers in excess of £265,000 are welcomed with the property on the market with CPS Homes. Call an agent on 029 3840 4007 for more information.
Grangetown - £295,000
This former hair salon in busy Corporation Road previously had accommodation above it but is now used solely as a residential property. However it offers the flexibility of having a number of potential uses including a living or working space. The building comprises of six rooms as well as a kitchen, utility room, bathroom, toilet, and a large basement.
Available for £295,000, it's on the market with Jeffrey Ross. Call an agent on 029 2271 4459 for more information.
Llanishen - £300,000
This charming three-bedroom cottage, known as 'White Cottage' is in the heart of Llanishen village and despite needing modernisation offers plenty of potential. It briefly comprises an entrance hall, cloakroom, large reception room, and kitchen dining area downstairs while there are three bedrooms and a shower room on the first floor.
As well as a private rear garden, off-road parking, and no ongoing chain the property also benefits from its proximity to local shops, cafes, schools, and public transport links.
The character property in Fidlas Road is available for £300,000 and is being sold by Peter Alan. Call an agent on 029 2271 6635 for more information.
Pontcanna - £285,000
Situated in one of Pontcanna's much-loved tree-lined streets this three-bedroom apartment even boasts its very own 'secret garden'. A bright, airy lounge is offered alongside two "exceptionally generous" double bedrooms, a single bedroom, kitchen, and bathroom with an entrance hall shared with just one other owner.
Outside the property in Severn Grove also has a private rear garden that can only be accessed via a side entrance with letting agents CPS Homes describing it as "the perfect setting for enjoying the summer sunshine with friends and family".
Offers in excess of £285,000 are being welcomed. Call an agent on 020 3840 4007 for more information.
Roath - £290,000
Located just off Albany Road, this three-bedroom property is marketed as a perfect family home and is being sold with no onward chain. It briefly comprises of three reception rooms on the ground floor, as well as a kitchen, while upstairs there are three double bedrooms and a family bathroom.
It's on the market with Peter Alan with a guide price of £290,000. Call an agent on 029 2271 0570 for more information.
Riverside - £300,000
This mid-terrace house has been converted into two self-contained flats, which are both let on Assured Shorthold Tenancy Agreements. Within walking distance of the city centre and close to the shops and restaurants of Canton, both flats briefly comprise of a lounge, kitchen, and bathroom with the first-floor flat boasting two bedrooms and the one on the ground floor only having one as well as an enclosed rear garden.
The property in De Burgh Street is available for £300,000 and is being let by The Sales Station. Call an agent on 029 2271 5539 for more information.
Splott - £270,000
This traditional bay-fronted home is on the end of a terrace on one of Splott's most picturesque streets. It comprises four bedrooms, three reception rooms, a bathroom, and a fitted kitchen as well as an enclosed rear garden.
It also provides easy access to the city centre and the A48/M4 access corridor. Available for £30,000 less than the average house in the city it is being marketed by Allen & Harris. Call an agent on 029 2271 5121 for more information.
Whitchurch - £263,000
Within walking distance of Whitchurch village, this spacious two-bedroom mid-terrace house is in an ideal location with several regular transport links also nearby. It briefly comprises two double bedrooms and a family bathroom with a three-piece bathroom suite as well as an entrance hallway, lounge, kitchen, and rear porch.
Outside there are enclosed front and rear gardens offering a "great space for entertaining". With a guide price of £263,000, well below the city's average price, it is being marketed by MGY. Call an agent on 029 2271 7218 for more information.
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