House prices in Wales have risen again and are up nearly 10% on the same time last year. The average price of a house in Wales is now £233,361, with an annual rise of 9.7% and a 3% increase on the last quarter.
The Wales House Price Index from the Principality Building Society shows prices rose to £233,361 in the first quarter of 2022 (January-March) with every Welsh local authority but one experiencing a rise in house prices when compared annually. Denbighshire is the only area to have seen an annual decline with prices there 6% lower than they were last year.
However elsewhere in Wales a handful of areas recorded double-digit percentage increases. Pembrokeshire, Merthyr Tydfil, Ceredigion, Carmarthenshire, and Blaenau Gwent all saw annual rises of more than 13% while house prices in Monmouthshire were 18.8% higher than they were 12 months ago. Property portal Rightmove says Wales is in the grip of a "spring market frenzy".
Read more: The top 10 places to live in Wales right now ranked by the experts
Wales' capital has not been immune from this trend either with prices in Cardiff rising by 8.4% on last year and 5.3% on the final quarter of 2021. The average house price in the city is now £295,100, up from £279,250 in the last quarter. Get the latest Welsh property news and trends by signing up to our newsletter.
The average house price in Cardiff is the third-highest in Wales with only Monmouthshire (£378,228) and Vale of Glamorgan (£312,381) recording higher. It is nearly £50,000 higher than the average price in Newport and nearly £70,000 more than the average price in Swansea. According to figures from the Office for National Statistics (ONS) the average house price in the UK is £274,000.
House prices in the capital have soared in recent years, growing twice as fast as wages since 2006. In much sought-after areas of the capital such as Canton and Pontcanna prices have increased by up to 9% in the last 12 months alone while some houses across the city are selling for in excess of £75,000 more than their asking price. You can read more about Cardiff's housing crisis and how it is pricing young buyers out of the city here.
We've put together a list of what the new average house price for Cardiff could buy you in different areas of the city. All properties were on the market at the time of writing.
Adamsdown - £210,000
Many properties up for sale in Adamsdown are listed for well below the city's average house price including this three-bedroom terraced house in Prince Leopold Street. On the market for £210,000 this house has a small living and dining space as well as a fitted kitchen, utility room, and bathroom on the ground floor.
Upstairs there are three cosy bedrooms while there is also a small enclosed patio garden at the rear of the property. The house also benefits from an excellent location within easy walking distance of Cardiff University and the city centre. It is on the market with Hafren Properties. Call an agent on 029 2243 0125 or click here for more information.
Butetown - £299,950
If you wanted to stretch your budget a little you could be the proud owner of this stunning two-bedroom apartment in Adventurers Quay in Cardiff Bay. Listed as a "truly glorious waterside residence" this bright and airy flat has a large open-plan lounge and dining room as well as a huge garden terrace which offers incredible water views. However it will set you back just under £300,000.
Stylishly renovated throughout there is also a recently-upgraded kitchen which boasts stylish work surfaces and a range of appliances. A spacious master bedroom is complete with built-in wardrobes and an en suite shower room while there is also a generous double bedroom and a main bathroom with a shower, toilet, and washbasin. For your money you also get an allocated parking space and the use of visitor parking. The property is on the market with CPS Homes. Call an agent on 03339 873843 or click here for more information.
Canton - £285,000
This three-bedroom mid-terrace house is located in the popular Windway Road in Canton, just a stone's throw away from Victoria Park, and is on the market for offers in excess of £285,000. While it is in need of modernisation it offers excellent potential and is within close proximity of local cafes, shops, and restaurants as well as transport links into the city centre.
On the ground floor the property comprises of a good-sized dining room and lounge area, as well as a spacious fitted kitchen, while the first floor has three large bedrooms and a family bathroom. There is also private rear garden and a large garage which offers lane access. The property is on the market with Hern and Crabtree. Call an agent on 029 2243 0157 or click here for more information.
Cathays - £275,000
This five-bedroom HMO property is located on one of the most popular roads in Cardiff's student hub, Cathays, and is on the market for £275,000. Situated in Tewkesbury Street it is close to the shops and restaurants in Crwys Road as well as public transport links.
As well as five large bedrooms the property also offers a spacious kitchen and communal living space plus a bathroom with a bath, shower, and toilet as well as a good-sized paved garden space. The property is on the market with Peter Alan. Call an agent on 029 2243 0245 or click here for more information.
Gabalfa - £275,000
This large three-bedroom semi is on the market for offers over £275,000 and is ready to move into. As well as being suitable for a family home it also has huge scope as a buy-to-let investment due to its proximity to Cardiff University and halls of residence. However, while its location is convenient, it is also tucked away in Maelog Place, a little cul de sac, ensuring there will be little noise.
As well as a light and airy sitting room the property also comprises a spacious dining area and kitchen on the ground floor while three double bedrooms are on the first floor along with an attractive three-piece bathroom suite. To top it off the property also benefits from a huge garden and off-road parking. It is on the market with Darlows. Call an agent on 029 2243 0170 or click here for more information.
Grangetown - £250,000
This terraced property in Corporation Road is on the market for well under the average Cardiff house price at £250,000. While it is currently split into two two-bedroom flats it has potential to be converted back into one dwelling and, despite needing upgrading throughout, presents itself as an ideal rental investment.
Currently both flats have good-sized double bedrooms as well as well-equipped bathrooms and kitchens and spacious lounge and dining space. There is also a paved rear garden with lane access and a garage. The property is on the market with David Baker. Call an agent on 029 02243 0191 or click here for more information.
Llanishen - £290,000
Situated in the quiet Deganwy Close this three-bedroom family home has a guide price of between £290,000 and £300,000 and offers spacious, airy living space throughout. As well as a huge private rear garden and off-road parking for one to two cars the property also has an entrance hall, two reception rooms, a fitted kitchen, and a laundry room on the ground floor alone.
Upstairs there are three large double bedrooms and a four-piece modern white bathroom suite while there is also gas heating and double glazing throughout. The house is within walking distance of Llanishen village as well as schools and public transport links. The property is on the market with Peter Alan. Call an agent on 029 02243 0001 or click here for more information.
Pontcanna - £285,000
This spacious three-bedroom apartment occupies the entire top floor of a Victorian semi-detached townhouse in the sought-after Cathedral Road in Pontcanna. Newly refurbished, it is on the market for £285,000 and is within walking distance of the city centre as well as other shops, bars, and cafes in the suburb.
The property comprises two double bedrooms and one single bedroom as well as a bathroom, modern fitted kitchen, and a large lounge and dining space. It is on the market with Jeffrey Ross. Call an agent on 029 02243 0293 or click here for more information.
Roath - £290,000
This period mid-terrace house in Arabella Street has recently been redecorated throughout and is ready to move into immediately. It benefits from a prime location within walking distance of a range of local amenities including restaurants and coffee bars as well as Roath Park lake, Roath Rec, and Waterloo Gardens.
With a guide price of £290,000 this three-bedroom family home comprises a sitting room, reception room (which can also be used as a fourth bedroom), a shower room, and a large kitchen and breakfast room on the ground floor. On the first floor there is a spacious master bedroom, second bedroom with en suite cloakroom, third double bedroom, and a family bathroom while the property also has an easy-to-maintain garden to the rear. This house is on the market with Mr Homes. Call an agent on 029 2243 0372 or click here for more information.
Riverside - £250,000
Situated in a prime location within walking distance of Canton, Pontcanna, and the city centre, this cosy three-bedroom terraced house in Wells Street is on the market for offers in excess of £250,000. Marketed as a "great family home" it is also nearby to schools and local parks as well as public transport links.
It has spacious rooms and modem decor throughout with the ground floor featuring a large open-plan lounge and diner as well as a modern kitchen and utility room. There are three double bedrooms upstairs and a low-maintenance paved garden to the rear. The property is on the market with Peter Alan. Call an agent on 029 2243 0237 or click here for more information.
Splott - £250,000
This immaculately-presented three bedroom house in Wilson Street is ideal for first-time buyers or investors and within walking distance of a variety of shops and bus routes. On the market for offers over £250,000 it is also within a 30-minute walk of the city centre.
There is a light and airy open-plan lounge and diner on the ground floor as well as a modern kitchen and bathroom. Upstairs there are three double bedrooms while there is also double glazing and gas central heating throughout. The property is on the market with Purple Bricks. Call an agent on 029 2243 0150 or click here for more information.
Whitchurch - £289,999
Located in the sought-after Whitchurch village this spacious two-bedroom house in Old Church Road has a guide price of just under £290,000. Conveniently located for local shops and other amenities it is marketed as an "enviably-situated and generously-sized property".
The ground floor features a large dining room with a separate lounge as well as a spacious tiled kitchen. On the first floor there are two generously-sized double bedrooms, a large bathroom, and a separate toilet. The property also benefits from a sizeable enclosed rear garden. It is on the market with Edwards & Co. Call an agent on 029 2243 0260 or click here for more information.
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