Cambridge

Area Guide For Cambridge

The city of Cambridge is a university town and the administrative centre of the county of Cambridgeshire, England. It lies in East Anglia, on the River Cam, about 50 miles (80 km) north of London. According to the United Kingdom Census 2001, its population was 108,863 (including 22,153 students), and was estimated to be 125,717 in mid-2010. There is archaeological evidence of settlement in the area in bronze age and Roman times, and under Viking rule Cambridge became an important trading centre. The first town charters were granted in the 12th century, although city status was not conferred until 1951. Cambridge is most widely known as the home of the University of Cambridge, founded in 1209 and consistently ranked one of the top five universities in the world. The university includes the renowned Cavendish Laboratory, King's College Chapel, and the Cambridge University Library. The Cambridge skyline is dominated by the last two buildings, along with the chimney of Addenbrooke's Hospital in the far south of the city and St John's College Chapel tower. Today, Cambridge is at the heart of the high-technology centre known as Silicon Fen a play on Silicon

 
 

Cambridge Map

Estimated Price: £391,036
Average Asking Price: £480,202
Price change in last one year: £26,024
Average Price Paid: £308,281
Average Rent Rates: £1,336

 
 

Property Prices Breakdown in Cambridge

Average Price for property in Cambridge is around £391,036 which varies based on type of property you are interested in and ranges from £530,241 for detached house to around £352,710 for semi-detached. Similarly terraced house is around £344,048 and a flat is worth £257,585. Values have been changing and have risen £27 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £696 in last 6 months, £26,024 in last 1 year, £50,905 in last 2 years, £59,624 in last 3 years, £60,822 in last 4 years and £65,744 in last 5 years.

Currently average asking price of a property in Cambridge is around £480,202 based on approximately 3,450 properties for sale. Same is the case with rental options based on 553 properties up for rent, average asking rent is around £1,336 per month.

Estimated property value in Cambridge is £391,036. Average asking price is £480,202 while average price paid is £344,428 which is up by £26,024 and Avg. asking rent £1,336.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 Cambridge area. In last 1 year alone average price buyer paid is around £344,428 based on approximately 3,450 sales in Cambridge area alone. If you compare it to last 3 years sales of 10,893 properties where buyers paid around £320,371. 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 £308,281 for 18,118 and average amount paid for purchase of approx. 24,161 properties sold in last 7 years comes to about £299,091 per sale.

 
 

Properties For Sale in Cambridge

 
 

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 £153,333, £263,238 for a 2 bedroom house, £357,224 for a 3 bedroom house, £596,195 for a 4 bedroom house and £803,205 for a 5 bedroom house. For a flat similarly the prices varies from £236,765 for a single bedroom to £415,142 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £663,800. To sum up the asking prices for properties in Cambridge it comes to around average £224,250 for 1 bedroom property, £319,298 for 2 bedroom, £371,963 for 3 bedroom, £596,195 for 4 bedroom and £803,205 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 can vary from £555 for 1 bedroom to £980 for 2 bedrooms, £1,224 for 3 bedrooms, £1,704 for 4 bedrooms and £2,823 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £889. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,269, £1,680 for 3 bedroom, £1,729 for 4 bedroom and around £2,860 for 5 bedroom flat. You should be generally be expecting around average £745 rent per month for single bedroom property, £1,163 for 2 bedroom, £1,281 for 3 bedroom, £1,705 for 4 bedroom and approximately £2,827 for a 5 bedroom property in Cambridge area.

Popular Houses in Cambridge

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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