265 Heath Properties sold in the last 12 months

Heath attracts property hunters seeking a home in our suburb that strikes a wonderful balance between old and new. Luckily, just about every accommodation preference can be catered for here, from highly desirable detached houses which are perfect for families, popular early 20^th Century bay front semis houses, imposing late Victorian terraced houses and modern luxury apartments dotted around the suburb. But with newspapers giving mixed messages on what is exactly happening in Cardiff, let us have a look at what has happened over the last 12 months, in particular, what type of property is actually selling.

Of the 265 Heath properties that have changed hands in the last 12 months, most of those sales were semi detached house properties (106 semi detached houses to be precise in fact) which on average sold for £281,341. The 101 terraced Heath properties had an average sale price of £211,962 and 42 Heath apartments/flats had an average sale price of £128,679. The rest were detached houses.

Heath, with an overall average price of £233,658, was similar in terms of sold prices to nearby Birchgrove £229,790, but was more expensive than the overall Cardiff average of £205,431 yet cheaper than Lakeside at £305,246. Interestingly, over the past year average house prices in Heath were 5% up on the year before and 10% up on 2007 when they averaged at £213,366. Interestingly, the length of time it takes to sell a Heath property has also come down. The time it takes to sell a Heath terraced house has come down 46%, as it took 81 days on average in 2010 and today its 44 days. Other figures for other types of Heath can be quite clearly seen in the graph below.

I think it is safe to say no matter what is happening elsewhere, the Heath property market is doing just fine!