Latest prices in Cardiff for Semi-Detached properties
The latest figures show that the average price for a Semi-Detached property in Cardiff has now reached £315,589 as of Jul 2024. This value is based upon the average value of completed property transactions in the month of July.
Average prices for a Semi-Detached property have increased substantially over the longer term in Cardiff. Back in January 1995, prices for this type of property averaged £53,942 based on sales at the time. Fast forward to January 2024, and averages reached £307,451 - representing a growth of 470% over 29 years.
This substantial triple-digit percentage rise in Semi-Detached property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Semi-Detached homes in Cardiff over the past 3 decades.
Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.
The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.
Semi-Detached prices in Cardiff over the last 12 months
Date
Price
Aug 2023
£311,698
Sep 2023
£314,045
Oct 2023
£317,286
Nov 2023
£312,854
Dec 2023
£315,888
Jan 2024
£307,451
Feb 2024
£308,217
Mar 2024
£306,429
Apr 2024
£309,745
May 2024
£310,211
Jun 2024
£312,663
Jul 2024
£315,589
Recent trends for prices in Cardiff
The latest figures from July 2024 indicate the property market in Cardiff continues to show rising price trends. Compared to June, 2024, average prices increased by 1.1% to £272,349. On an annual basis, average property prices have increased 3.6% since 12 months ago.
In terms of sales activity, there were 201 residential property transactions completed in Cardiff during July, 2024. Of these purchases, 120 were financed with a mortgage while 40 were all-cash sales. For cash buyers, average prices have changed by 1.5% since June, 2024, coming in at around £263,122. For properties purchased with a mortgage, the average price changed by 0.9% since June, 2024, to £275,955.
Compared to the overall picture in its national parent Wales, the average property price in Cardiff are higher than the current national average of £218,184. While Cardiff saw a change of 1.1% over the last month, Wales as a whole recorded a percentage change of 1.1% in average property values. And on an annual basis, prices across Wales have grown by 2%, less than the 3.6% yearly change seen in Cardiff.
Interested in purchasing a property in Cardiff? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Cardiff by housing type
Prices last recorded in July, 2024
average
£272,349
detached
£509,377
flat
£180,632
semi-detached
£315,589
terraced
£260,207
Prices by housing type in Cardiff
Recent data shows that price growth has varied across different property types in Cardiff over the last year. For terraced houses, property prices changed by 0.9% between July 2024 and June 2024 to reach £260,207, and changed by 2.5% over the last 12 months. The annual change was less than the 2% change seen for terraced homes in Wales overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £315,589 in June 2024. This represents a 0.9% change from the same month last year.This is outperforming the 2.4% annual change in semi-detached values across the country.
Detached homes in Cardiff gained 1.1% month-over-month to reach an average of £509,377. Annually, detached property values have changed by 4.3%. This is stronger price growth compared to Wales's 1.2% change for detached houses over the year.
For apartments and flats, average prices increased by 1.4% between July and June 2024, hitting £180,632. Over the last 12 months, apartment values have changed by 5%, surpassing Wales's flat and apartment growth rate of 2.4%.
Overall, flat properties have seen the strongest price momentum locally over the past year, with a change of 5%, while terraced properties lagged, with a change of 2.5%.
Recent purchases in Cardiff
According to data from HM Land Registry, there were 201 completed property purchases in the area of Cardiff in July 2024. Of these sales, 40 were recorded as cash purchases whilst 120 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 2.7% and the percentage of properties purchased with cash has changed by 5.9%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
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