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A guide on houses for sale in Cardiff

by | Nov 15, 2022

Home $ House for sale in the UK $ A guide on houses for sale in Cardiff

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Cardiff, Glamorgan.

From the average asking price of houses for sale in Cardiff, to the growth of the population in the area, all will be talked about regarding the city of Cardiff. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

What is the final sale price of a house in Cardiff?

For the city of Cardiff, the average price a house sells for is £235,098. This value usually depends on the exact location of the house within Cardiff as well as other factors like the population growth which is 8% over a ten-year period.

Sale price per square foot
£2,539
£2,476
£2,393

Generalising the bottom table, the average value per square foot of a house for sale is £2,786. This value averages all of the types of houses for sale in Cardiff. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Cardiff.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

In Cardiff, what are the rental yields?

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Cardiff, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Glamorgan, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cardiff £0 £1,053 £1 £0
Glamorgan 4.57% £1,036.11 139.50% 18.25%
Wales 0.04 861.19 £1 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Cardiff you might be interested in the number of sales per month (13) that happen in the local housing market. Comparing this figure for Cardiff with the above table gives you a good understanding of the profitability of the area.

In Cardiff, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Cardiff, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Cardiff growth rate 2% 17% 26%

As the population of Cardiff grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

What kind of demographics does the city of Cardiff have?

In Cardiff, how educated are people in general?

In Cardiff, the proportion of people who have a degree is 35%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Cardiff is £42,728.57.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

In Cardiff, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Cardiff if 315480 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Cardiff such as rental yield or house appreciation.

How has the population size of Cardiff adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Cardiff by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Cardiff?

In the last decade, the population of Cardiff has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Located in Glamorgan is the city of Cardiff, in a large part of the UK; Wales. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Cardiff has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Cardiff which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

How much do people in Cardiff earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Cardiff, the average income is £42,728.57. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 29% to decide on what the demographics are like in the area.

How deprived is the population of Cardiff?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Cardiff is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

Do the people of Cardiff get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Cardiff, 14 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Cardiff.

What is a social grade score and how does this relate to Cardiff?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Cardiff in grades A or B which are the highest skilled roles in the country is 29%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £42,728.57 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 29%.

In Cardiff, what is the crime rate?

Within Cardiff, the number of people committing crimes is 17471% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 17471% figure carefully.

Invest in a house for sale that meets your demands

When browsing houses for sale in Cardiff you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Thinking of a different city and perhaps a different location?

Below is a list of towns that differ from Cardiff.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Wales:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

In Cardiff, what is the asking price in general for a house for sale?

When speaking about the city of Cardiff, £290,241 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Cardiff would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Table showing the asking prices for houses for sale in Cardiff

Average asking price (1 bed) £141,315
Average asking price (2 bed) £216,327
Average asking price (3 bed) £303,806
Average asking price (4 bed) £455,419
Average asking price (5 bed) £655,463

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,310. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Cardiff has a lack of supply of housing in certain categories.

Get professional help on the houses for sale in Cardiff

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Frequently Asked Questions

If you are a landlord, should you renovate a property in the city of Cardiff?

Cardiff is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 4 each month, attaining a success rate of nan and a total population of 315480. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

What is the monthly count of property transactions in Cardiff?

13 property transactions are reported in Cardiff each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the annual population shift in a city such as Cardiff?

For a comprehensive analysis of Cardiff’s population trends, observe the population fluctuation over a decade, indicated by 8%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.

prices for houses on sale in the broader vicinity of Cardiff?

The average asking price of a house in Cardiff is currently £2,310 based on the average price per square foot.

Is investing in a house for sale in Cardiff a financially demanding choice?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Cardiff this number is £235,098 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

Who are the best estate agents in the city of Cardiff?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Cardiff below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Estate agent name Phone number Address of agent Email Address
Apollo 441443308418 10 Churchill Way, Cardiff, CF10 2HE Phone number only
Key Executive Sales 442922276709 117 – 120 Bute Street, Cardiff Bay, Cardiff, CF10 5AE Phone number only
Thomas George 442920395563 30-32 CHURCHILL WAY nan
LetMC.com 442920367960 CARDIFF BUSINESS TECHNOLOGY CENTRE Fleur Carpenter (fleur.carpenter-whitlocks@home.letmc.com)
Michael Graham Young Ltd 442920465466 13 Mount Stuart Square Michelle Bishop (bay@mgy.co.uk)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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