There are streets across Wales with property price tags at an eye-watering level which makes them among the most expensive roads to call home. However online property portal Rightmove has looked at data for 2024 to work out the most valuable streets in Wales, based on the number of properties sold so far this year and those currently up for sale.
All three streets are in Cardiff and Newport and they might not be the residential roads you were expecting to see. There's no sign of Abersoch, Penarth or Cyncoed, Cardiff, which usually appear on house price lists, but this is due to the infrequent house sales on the streets in these areas. Instead, this Rightmove data is based on streets that have had five or more properties for sale so far this year and they’ve been rated on average asking price.
Looking at the data from a UK perspective it's not a surprise to see London addresses dominating with Buckingham Gate in Westminster revealed as the most valuable street in the UK, with an average asking price of £9,633,333. For more property stories sent to your inbox twice a week sign up to the property newsletter here.
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Next most expensive outside London is The Ridgeway in Cuffley, Potters Bar, Hertfordshire, with an average asking price of £2,289,286, and in third place is Manor Road in Chigwell, Essex, where properties are currently on average listing at £2,219,444. But back in Wales there are three streets that fit currently the sales quantity criteria that Rightmove used to analyse the data so far in 2024.
Cathedral Road, Cardiff
There are some streets in some Welsh cities, towns, and villages that are so distinctive they can claim to be called a landmark road and are well-known to many, if not most, local residents. But there aren't many streets in Wales that can claim to be such a landmark location as Cathedral Road in Cardiff.
It is an address that sits within an exclusive group of prime real estate justified by an outstanding position in a popular area, short supply of homes, and proximity to a unique selling point such as a park – and this street has it all.
From any front door in the suburb there are independent shops, cafes, bars and restaurants to enjoy including artisan bakeries, a myriad of parks to entice you and a scenic walk into the city centre along the Taff Trail.
So it's no surprise then to find out that Cathedral Road, as the main route through Pontcanna, is a significant part of one of the top 10 best postcodes in the UK to move to in 2024 according to The Sunday Times. Find out more about that here.
The majority of sales in Cathedral Road during the last year were flats, selling for an average price of £340,438. Semi-detached properties sold for an average of £1,075,000, with terraced properties fetching £1,185,000. Overall, sold prices in Cathedral Road over the last year were 55% up on the previous year and 39% up on the 2018 peak of £357,885.
Currently there is a mix of property for sale on this tree-lined avenue from a two-bed apartment on the market for £290,000 to a few of the substantial £1m Victorian terraced houses that gives this special street its distinctive visual appeal.
Christchurch Road, Newport
In the north of the city there's a long and winding road that hugs the pretty Beechwood Park that offers sun-drenched morning walks, a bowling club, basketball court, an enclosed playground, and a café at its core. The road is described by all estate agents in the area as sought-after and not just because a significant number of its well-maintained and much-loved period properties enjoy park views.
The location is convenient for the city centre and the M4 at junction 24 making it ideal for those working in central Newport or commuting to Cardiff or over the border to Bristol by car or train. There are several primary and secondary schools nearby too, making this a great option for a family.
The majority of sales in Christchurch Road during the last year were detached properties, selling for an average price of £371,250. Terraced properties sold for an average of £178,750, with semi-detached properties fetching £90,000. Overall, sold prices in Christchurch Road over the last year were 12% down on the previous year and 12% down on the 2021 peak of £271,684.
Inverness Place, Cardiff
This long residential road that wanders through the heart of the popular suburb of Roath is flanked on either side by a row of period, three-bed terraces that are snapped up at around a current asking price of between £325,000 - £350,000.
The street is within easy walking distance to Roath Park and all the shops and cafes, pubs and restaurants that Roath offers as well as a shorter commuting distance into the city centre than some of the other popular residential suburbs in the north of the capital.
Overall, sold prices in Roath over the last year were 10% up on the previous year and 10% up on the 2021 peak of £241,951 so this street offers a more affordable way to move to the pricier part of the suburb nearer the park within a collection of streets that attracts a substantial number of young professionals. To date, the street has recorded four house sales this year and currently has two homes for sale on Rightmove.
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