House prices in Wales have hit a record high, according to the latest data. Prices are up 9.9% on the same time last year, with the average cost of a house in Wales reaching nearly a quarter of a million pounds towards the end of 2022.
The Wales House Price Index from the Principality Building Society shows prices peaked at £249,076 in the final quarter of 2021 between October and December, with all but two local authorities in Wales experiencing a rise year-on-year. Pembrokeshire and Anglesey were the only areas to experience falls in price.
Cardiff was one of the areas with the highest annual change, with prices in the city rising by 9.2% compared to 2021. While this rise was not as steep as other areas, including Blaenau Gwent (29.2%) and Bridgend (18.4%), it means that the average house price in the capital is now £304,921.
Read more: The typical one room studio flat which shows what £850 a month currently gets you in central Cardiff
In 2021, the average house price in Cardiff was over £25,000 less at £279,250, while in the year before that they were nearly £50,000 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 whopping £485,132, while a semi-detached property costs £303,206. Terraced houses cost on average £251,154, with flats coming with an average price tag of £162,970.
But despite the soaring prices, you can still get plenty of quality for your money, with a number of sought-after properties in the city available for shy of £300,000. Here are some of the homes you can buy in the capital for below the average price.
Adamsdown - £250,000
This three-bedroom terraced house on Pearl Street has a guide price of £250,000, 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 - £299,950
With panoramic water views, this modern top-floor apartment is arguably one of the most stunning properties currently on the market in Cardiff. Featuring a 46ft wrap-around balcony, a fully fitted open-plan kitchen and a master bedroom with an ensuite, the property also comes with lift access and an allocated parking space.
Located on Schooner Drive, it is just a short stroll from both the city centre and Cardiff Bay, with Bute East Dock, which it overlooks, also a great spot to walk around and relax. It has a guide price of between £299,950 and £309,950.
The property is being marketed by Mr Homes. Call an agent on 029 2271 559 for more information.
Canton - £300,000
This three-bedroom end-of-terrace house is found on one of the city's most sought-after streets, Beda Road, and is ideally located for the city centre and transport links. The Victorian property has many period features and comprises a lounge/dining room, kitchen, bathroom and utility room.
It's on the market with Hern & Crabtree with a guide price of £300,000. Call an agent on 029 2271 6621 for more information.
Cathays - £300,000
This picturesque period building on Tewkesbury Place is currently let as a four-bedroom HMO and offers another extra bedroom for storage or use as a workspace. It boasts four large double bedrooms, two bathrooms and a recently modernised kitchen/ living area, while there is also a large garage that has access to a lane that runs behind the property.
With a guide price of £300,000, it is available for below the average price of a house in Cardiff. Call an agent on 029 2271 6242 for more information.
Gabalfa - £300,000
Marketed as "the perfect family home", this semi-detached property is spacious and just a short walk from local shops, restaurants, transport links and some of the city's most popular green spaces. Comprising three double bedrooms, a bathroom with three piece suite, large reception room, kitchen/ diner and an ample loft, the house on North Road also has front, rear and side gardens.
It has been put on the market by Allen & Harris for £300,000. Call an agent on 029 2271 2905 for more information.
Grangetown - £300,000
This four-bedroom terraced house on Grangetown's bustling Clare Road requires a bit of work, but would make a great home thanks to its spacious and light interior. As well as four double bedrooms it also boasts three reception rooms, a kitchen and two bathrooms.
With the Taff Trail on your doorstep, it's an ideal place for keen walkers and cyclists to live. Marketed by Darlows, offers over £300,000 are being considered. Call an agent on 029 2271 5065 for more information.
Llanishen - £300,000
Tucked away on a private road in Llanishen, this light and airy three-bedroom property was only built in 2019. It has been marketed as "deceptively spacious" with the house comprising three bedrooms, including a master bedroom with an en-suite, as well as a family bathroom, large living/ dining room, fitted kitchen and good sized garden.
While the mid-terrace property is away from the hustle and bustle of the city centre, there are regular bus links nearby, while it is also close to Llanishen Village and Ty Glas retail park.
It has been put on the market by Hogg & Hogg and is available for £300,000. Call an agent on 029 2010 2525 for more information.
Pontcanna - £275,000
This ground-floor apartment can be found in the much-sought-after area of Pontcanna, where prices have soared in recent years. However, it comes in well under the average cost of a house in the city, available for £275,000.
Just a short stroll from the neighbourhood's many restaurants and coffee shops, as well as Llandaff Fields, the property boasts two large bedrooms, a spacious reception room, fitted kitchen and a bathroom, while it also overlooks an enclosed courtyard garden. Off-road parking is also included.
It is on the market with Hern & Crabtree. Call an agent on 029 2271 6621 for more information.
Roath - £300,000
This terraced home is around the corner from busy Albany Road and is superbly located for university buildings, the hospital and transport links across the city.
With three bedrooms, two reception rooms and a large rear garden, it is on the market for £300,000 with Peter Alan. Call an agent on 029 2271 0570 for more information.
Riverside - £299,950
Offers in the region of just under £300,000 are being considered for this mid-terrace family home on Riverside's Plantagenet Street.
While it is in need of modernisation, it offers generous living accommodation with four bedrooms, a family bathroom, kitchen and breakfast room and a spacious lounge and dining room.
It is also benefits from a handy city centre location, with shops and restaurants just a few minutes' walk away. It is being marketed by Mr Homes and you can call an agent on 029 2271 5559 for more information.
Splott - £280,000
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 £25,000 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 - £280,000
A short walk from Whitchurch Village, this modern three bedroom terraced house is in a sought after location off Victoria Road, with a long driveway allowing for off-road parking. It comprises two generous double bedrooms and one single room, as well as a large living/ dining room, family bathroom and a fitted kitchen.
Outside there is a courtyard with a garden annexe providing a handy utility room and separate home office, while there is also rear gated lane access. With a guide price of £280,000, it is being marketed by Purplebricks. Call an agent on 029 2271 2091 for more information.
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