Cardigan

Area Guide For Cardigan

Cardigan (Welsh: Aberteifi) is a town in the district of Ceredigion in Mid Wales. It lies on a tidal span of the River Teifi at the point where Ceredigion meets Pembrokeshire. It was the province town of the notable district of Cardiganshire and is the second biggest town in present-day Ceredigion. The settlement at Cardigan was created around the Norman stronghold inherent the late eleventh or early twelfth century. The manor was the area of the first National Eisteddfod in 1176 and in 2014 was experiencing reclamation. In the eighteenth century the town turned into an essential port which had declined by the early twentieth century. The populace in 2001 was 4,203. Advanced Cardigan is a minimal and occupied town with most offices for retail, training, wellbeing, love and fun.

 
 

Cardigan Map

Estimated Price: £186,381
Average Asking Price: £243,726
Price change in last one year: £11,900
Average Price Paid: £170,118
Average Rent Rates: £1,156

 
 

Property Prices Breakdown in Cardigan

Average Price for property in Cardigan is around £186,381 which varies based on type of property you are interested in and ranges from £229,420 for detached house to around £144,952 for semi-detached. Similarly terraced house is around £129,047 and a flat is worth £99,592. Values have been changing and have risen £1,344 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,060 in last 6 months, £11,900 in last 1 year, £5,987 in last 2 years, £3,232 in last 3 years, £13,210 in last 4 years and £21,862 in last 5 years.

Currently average asking price of a property in Cardigan is around £243,726 based on approximately 154 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £1,156 per month.

Estimated property value in Cardigan is £186,381. Average asking price is £243,726 while average price paid is £166,570 which is up by £11,900 and Avg. asking rent £1,156.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cardigan area. In last 1 year alone average price buyer paid is around £166,570 based on approximately 154 sales in Cardigan area alone. If you compare it to last 3 years sales of 475 properties where buyers paid around £168,073. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £170,118 for 759 and average amount paid for purchase of approx. 992 properties sold in last 7 years comes to about £169,543 per sale.

 
 

Properties For Sale in Cardigan

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £132,475, £151,041 for a 2 bedroom house, £241,559 for a 3 bedroom house, £289,133 for a 4 bedroom house and £373,667 for a 5 bedroom house. For a flat similarly the prices varies from £54,500 for a single bedroom to £94,833 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £99,000. To sum up the asking prices for properties in Cardigan it comes to around average £106,483 for 1 bedroom property, £145,932 for 2 bedroom, £239,754 for 3 bedroom, £289,133 for 4 bedroom and £373,667 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it is £598 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £412. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £420. You should be generally be expecting around average £412 rent per month for 2 bedroom property and approximately £509 for 3 bedroom property in Cardigan area.

Popular Houses in Cardigan

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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