Cardiff Bay Property Market Overview
Pioneering waterfront regeneration with continuing residential and commercial development
The Cardiff Bay property market recorded 3,495 residential sales over the past 12 months, with a median sale price of £265,000. This places Cardiff Bay in line with the Cardiff county median, and £20k below the UK national median of £285,000.
Prices in Cardiff Bay have shown modest growth, with a year-on-year change of +1.1%. Within Cardiff, Cardiff Bay ranks 2nd by price out of 6 principal towns, and 2nd by transaction volume.
Cardiff Bay House Prices by Property Type
Property prices in Cardiff Bay vary significantly by type. The table below compares Cardiff Bay prices with Cardiff county averages and UK national figures.
| Type | Cardiff Bay | Cardiff Avg | UK Avg |
|---|---|---|---|
| Detached | £455,000 | £455,000 | £420,000 |
| Semi-detached | £302,470 | £302,470 | £265,000 |
| Terraced | £260,000 | £260,000 | £230,000 |
| Flat | £164,998 | £164,998 | £225,000 |
Detached homes in Cardiff Bay command £455,000, while flat properties are most accessible at £164,998. The £290k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Cardiff Bay
Cardiff Bay recorded 92 new-build transactions in the past 12 months, representing 2.6% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Cardiff Bay traded at a premium of 72.2% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Cardiff market, 552 new-build completions were recorded — see our Cardiff property market report for the full county picture.
Recent Property Sales in Cardiff Bay
The following table shows the most recent property transactions recorded in Cardiff Bay, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £138,000 | Flat | CF11 7FD | 2026-02-25 | Existing |
| £258,000 | Terraced | CF14 2HR | 2026-02-23 | Existing |
| £470,000 | Terraced | CF11 9EB | 2026-02-20 | Existing |
| £145,000 | Terraced | CF24 4GF | 2026-02-20 | Existing |
| £250,000 | Terraced | CF24 3EB | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £138,000 to £470,000 illustrates the breadth of the Cardiff Bay market.
Development Finance in Cardiff Bay
For developers considering Cardiff Bay, the local market data translates directly into finance structuring. With a median value of £265,000 and detached homes at £455,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Cardiff Bay scheme with a GDV of £455,000 would attract senior debt of approximately £295,750 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
With prices rising 1.1% year-on-year, Cardiff Bay presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.
Ready to develop in Cardiff Bay? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Cardiff Bay Compared to Nearby Cardiff Towns
To put Cardiff Bay's market in context, the table below compares it with similarly-priced towns across Cardiff:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Cardiff Bay | £265,000 | 3,495 | +1.1% |
| Canton | £265,000 | 3,495 | +1.1% |
| Cardiff City Centre | £265,000 | 3,495 | +1.1% |
| Cathays | £265,000 | 3,495 | +1.1% |
| Pontcanna | £265,000 | 3,495 | +1.1% |
| Splott | £265,000 | 3,495 | +1.1% |
For the full Cardiff town-by-town breakdown, see our comprehensive Cardiff property market report.
Finance Solutions
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Development Finance
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From 6.5% p.a. · Up to 65-70% LTGDVBridging Loans
Short-term finance for acquisitions, auction purchases and time-sensitive deals.
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Stretch your capital stack beyond senior debt to reduce equity requirements.
From 12% p.a. · Up to 85-90% LTGDVRelated Reports
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5 min readFrequently Asked Questions
What is the average house price in Cardiff Bay?
The median house price in Cardiff Bay is £265,000, based on 3,495 transactions over the past 12 months. Detached homes average £455,000 while flat properties average £164,998.
Are house prices rising or falling in Cardiff Bay?
House prices in Cardiff Bay are rising at +1.1% year-on-year. This positive trend suggests sustained buyer demand. The wider Cardiff market is rising at +1.1%.
How many properties sold in Cardiff Bay recently?
Cardiff Bay recorded 3,495 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Cardiff Bay?
Developers in Cardiff Bay can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.