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 are the asking prices for the houses for sale in the city of Cambridge?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Cambridge is £512,910.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Cambridge is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of 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 |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Cambridge is £0. This should show you the general prices overall and for individual types of houses too.
Are you considering other cities with houses for sale?
You can consult our list below that goes over a list of cities not necessarily in East of England, allowing you to find similar places to Cambridge:
- Cadole in East of England
- Aldclune in East of England
- Borthwick in East of England
- Bray in East of England
- Eaton in East of England
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
In general, what do houses for sale sell for in Cambridge?
As well as looking at the asking price for house for sale in Cambridge, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Cambridge.
Houses for sale, are sold on average in Cambridge, after the influence of these factors, at £395,124 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 9% over the last 10 years.
| 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 |
This table above shows the average sale price for each variation of 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 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Cambridge is £3,576.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
How are rental yields of the houses for sale different to the rest of the UK in Cambridge?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Cambridge, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Cambridgeshire, to give a smaller scale area to compare the data to.
| 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% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Cambridge you might be interested in the number of sales per month (88) that happen in the local housing market. Comparing this figure for Cambridge with the above table gives you a good understanding of the profitability of the area.
In Cambridge, how has the number of houses changed?
The growth of an area like Cambridge can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Cambridge growth rate | 4% | 10% | 13% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Cambridge if you want to find out the exact reasons for the housing change.
In Cambridge, what are the demographics like?
In the city of Cambridge, has the population grown or shrunk?
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.
Is the city of Cambridge deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 16% for Cambridge should give you a nice idea of the deprivation in the area.
In Cambridge, what is the crime rate?
For the city of Cambridge, crime rate is at 52. So for every 1000 people in the area, 52 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
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.
Do the people of Cambridge get to enjoy green space?
Whether you view green space in Cambridge as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Cambridge, the number of acres of green space for every 1000 people currently is 22.0 which can be measured against the UK average of 1.7.
How much do people in Cambridge earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (39%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Cambridge, this works out to be £54,560. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
How educated are the people in Cambridge?
In Cambridge, the proportion of people who have a degree is 45%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Cambridge is £54,560.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In Cambridge, what is the social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Cambridge compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Cambridge, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 39%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
A house for sale appropriate to your needs
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.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
Professional advice for houses for sale in Cambridge
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
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