Mortgage advice in Cardiff
If you’re looking for mortgage advice, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.
Buying a property in Cardiff
The average overall price of a property in Cardiff is £256,271, with house prices in the city up 10.7% year-on-year.
The average price of a detached property in Cardiff is £499,717, whilst semi-detached houses sell for an average of £301,605. Flats sell for an average of £162,617, with terraced properties fetching £246,200.
Source: HM Land Registry. Figures shown are the latest available (May 2022).
Cost comparison of houses and flats in Cardiff
Source: HM Land Registry. Figures shown are the latest available (May 2022).
Property sold in Cardiff
There have been 12k property sales in the Cardiff postcode area over the past year and sales dropped by 8% (-1.2k transactions). Most properties were sold in the £100k-£150k price range with 2,670 (22.2%) properties sold, followed by 2,463 properties (20.5%) sold in the £150k-£200k price range.
Source: Plumplot.co.uk
About Cardiff
Average property prices in Cardiff are below the UK average, making it an appealing option for those looking for an affordable place to live.
There are plenty of green spaces to explore in and around the city centre, with the Brecon Beacons National Park less than an hour’s drive away. If it’s cultural or sporting events you’re looking for, there are numerous venues to choose from, including the National Theatre Wales, the Wales Millennium Centre and the Principality Stadium. Expect to see the streets of Cardiff heaving with rugby supporters when the Welsh rugby team is playing at home.
It also has a thriving nightlife and a large shopping centre, along with a wide range of smaller independent shops around Queen Street if that’s more your sort of thing.
There are around 40 trains a day running between Cardiff and London, with an average journey time of two hours and 19 minutes. You can reach Cardiff city centre by train from virtually any location within the UK. The major road route into Cardiff is the M4 motorway. Cardiff also boasts its own airport, linking it to plenty of international destinations.
Make sure you pack a brolly if you’re considering a move to Cardiff – it rains more frequently there than in the south east so you’ll need to be prepared for plenty of soggy days.
If you’re planning to buy a property in Cardiff, you can find out more about the mortgage options that might be available to you, and how they compare, in our articles Mortgages for over 50s: What you need to know and Mortgages for over 60s: what you need to know.
Investing in buy-to-let properties in Cardiff
There are numerous educational opportunities for those looking to invest in buy to let properties in Cardiff. The capital city is home to no less than three universities and has many excellent primary and secondary schools. Find out more about buying a property to let out in our guide Buy to let: A beginner’s guide.
Find out how much you could borrow
Get an idea of how much you can borrow, based on your monthly income and outgoings using our mortgage affordability calculator.
Compare mortgage rates today
If you’d like to find out the kind of deals available on the market now, you can compare mortgage rates from the whole of market in minutes. Our comparison tool makes it easy to try out a few scenarios to see how that affects the mortgage rates available – simply adjust your options to see how that affects the results.
Want to speak to a mortgage advisor?
Speaking to an experienced mortgage advisor can help you to understand your options and get a great deal on your mortgage. If you’re looking for somewhere to start, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.
Other areas you'd like to explore
If you are in the early phases of buying a property and haven’t settled on a location for your future home yet, check out mortgage information and house prices in these areas near Cardiff.
Read our mortgages guides
Whether you’re looking to understand how mortgages work, want to refresh your mortgage knowledge or you’re looking for the latest news in the world of mortgages – our guides are here to help.
Source acknowledgement: House price data produced by Land Registry.
This material was last updated on 10 May 2022. It covers the period from 1 May 2021 to 1 May 2022 and contains property transactions which have been registered during that period.
Contains HM Land Registry data © Crown copyright and database right 2022. This data is licensed under the Open Government Licence v3.0.
If you have found an error with the data please contact Her Majesty’s Land Registry (HMLR).
Please note that we charge a fee of £495 for residential, buy-to-let and retirement interest-only mortgages, and £995 for equity release. This only be chargeable upon mortgage completion.
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Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.