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A guide on houses for sale in Cambridge

by | Nov 15, 2022

Home $ House for sale in the UK $ A guide on houses for sale in Cambridge

As a landlord, whenever you are looking at houses for sale in Cambridgeshire, you could find varying prices throughout an area like Cambridge. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Cambridge to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Cambridge will be revealed. Keep reading.

What’s the rental yield in general for the city of Cambridge?

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Cambridge.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Cambridgeshire) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cambridge 3.2% £1,385 no relevant data for this city 20.2%
Cambridgeshire 3.51% £1,154 130.11% 17.65%
East of England 3.49% £1,148 126.76% 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Cambridge which is 88 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Cambridge is to invest in. Both in terms of rental yield and capital appreciation.

Are there new houses being built in Cambridge to make it grow?

Before committing to Cambridge to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Cambridge growth rate 4% 10% 13%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Cambridge is building housing to find your answer.

In Cambridge, what are the demographics like?

In the city of Cambridge, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Cambridgeshire for example.

These demographics for Cambridge may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Cambridge in East of England.

Is the city of Cambridge deprived?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Cambridge, in particular, the deprivation levels are 16%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In general, do people commit a lot of crime in Cambridge?

Within Cambridge, the number of people committing crimes is 52 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 52 figure carefully.

In the city of Cambridge, how much green space remains for residents?

In the city of Cambridge, there are 22.0 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Cambridge is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is a social grade score and how does this relate to Cambridge?

In the city of Cambridge and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Cambridge has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 39%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

How much do people in Cambridge earn?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Cambridge. Compare the area’s average household income of £54,560 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 39% for more conclusive data on the affluence of the area.

In Cambridge, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 45%. The ability to buy a home is greatly influenced by the number of people who have degrees. £54,560 is the amount people in Cambridge are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Cambridge, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

What is the population of Cambridge?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Cambridge if 121,157 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Cambridge such as rental yield or house appreciation.

How has the population size of Cambridge adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Cambridge by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Cambridge?

In the last decade, the population of Cambridge has been adjusted by 9%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What is the asking price on average of houses for sale in Cambridge?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Cambridge determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £512,910.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Cambridge.

Average asking prices for houses for sale in Cambridge

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £321,966
Average asking price (3 bed) £437,083
Average asking price (4 bed) £648,620
Average asking price (5 bed) £762,059

After looking at this table about prices of houses for sale in Cambridge, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.

In general, what do houses for sale sell for in Cambridge?

In Cambridge, the average sale price of a house for sale is in fact £395,124. This is dependent on the 10 year population growth of Cambridge being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Cambridge.

Housing category Total final sale price
Aerage sold price (detached) £513,264
Aerage sold price (semi-detached) £344,974
Aerage sold price (terraced) £291,638
Aerage sold price (flat) £195,919

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Cambridge.

Housing category Sale price per square foot
Aerage sold price/sqft £3,576
Aerage sold price/sqft (new build) £3,674
Aerage sold price/sqft (old stock) £3,522

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £3,576. This means if you are just looking out the houses sold in Cambridge in general and didn’t take into consideration the type of build. For example, a new build.

Invest in houses for sale in Cambridge with the right professional advice

Thinking about other cities with houses for sale?

See here below a list of cities in the same UK region of Cambridge which is East of England. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale that is right for you

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Cambridge.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)
  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

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