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@andos
Can recommend Cardiff. Lived here on and off (3 year break travelling and living in Cornwall) since 2002 and its awesome. Low cost of living, property currently cheapish, although rising, very low rent compared to London or anywhere in the South East. Cycling in the city is awesome as its so flat. Brecon Beacons are 40 minutes away, amazing beaches 30 mins away, 2 hours from London and you can get out of the city to villages in 20 mins. Much investment and much movement from large businesses here as land is so cheap to buy up and build offices - generally things seem to be changing for the better since I've lived here. Welsh people are nice too.