Property Insight: Cambridge

13th November

Cambridge is a hotspot for buyers across the country. Take a look at some of the city’s key stats to see what’s going on with property in Cambridge:

 

  • The average house price in the area is £394,662
  • Cambridge house prices are more expensive than nearby Cherry Hinton and East Chesterton, but cheaper than Trumpington
  • The Newnham and Market areas of Cambridge have a whopping average house price of £515,000
  • House prices in the city are up 12.1% in the last year
  • Since 2007, house prices have increased by 46.6%
  • In May and June 2015, 223 houses were sold in Cambridge with 16 of these sold at more than £1million
  • In the next five years, prices in the East of England are set to rise by 24.5%, with Cambridge expected to beat that figure
  • International buyers represent 19% of the Cambridge market
  • The majority of houses purchased in Cambridgeshire are from the county, with Greater London as the second highest location for buyers
  • 7% of homes in the city are second homes
  • 19% of properties in the area are brought for investment or redevelopment
  • The three reasons for buying in Cambridge include relocation, upsizing or for investment purposes
  • The average rent of a property in Cambridge is £1,219 pcm

 

To learn more about property in Cambridge, to book a valuation, or to speak with a member of our team about your property requirements, please call 01223 462013 or email [email protected]

view next news stories

Sign up to recieve our latest news

5 Tips for Moving House for New Homeowners

Living in Newmarket : More than just the home of horseracing