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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

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Cambridge can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Cambridge.

On top of this, keep reading for detailed information on the demographics of Cambridge in Cambridgeshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

What are the people like in Cambridge?

Is the crime rate bad in the city of Cambridge?

For the city of Cambridge, crime rate is at 5160%. So for every 1000 people in the area, 5160% 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, is there a lot of green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Cambridge currently has 22 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Cambridge in this case.

How deprived is the population of Cambridge?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Cambridge is £0.

How educated are the people in Cambridge?

In the city of Cambridge, 45% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Cambridge is £54,560.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Located in Cambridgeshire is the city of Cambridge, in a large part of the UK; East of England. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Cambridge has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Cambridge which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

What is the social grade score of Cambridge?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Cambridge in grades A or B which are the highest skilled roles in the country is 39%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £54,560.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 39%.

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 £54,560.00 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 the city of Cambridge, has the population grown or shrunk?

Population growth in Cambridge is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Cambridge, 121157 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Cambridge in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Cambridge, this change has been 4%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Cambridge?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 9% in Cambridge.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In Cambridge, what is the asking price in general for a house for sale?

The average asking price for the houses for sale in the city of 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

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Cambridge is the right area to buy a house in for you.

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.

Invest in a house for sale that meets your demands

What parameters impact the final price of a house for sale in Cambridge?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property
  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

Are you considering other cities with houses for sale?

If you are looking for a list of cities that are different to the City of Cambridge and in different UK region to 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 which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

Get professional help on the houses for sale in Cambridge

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

In Cambridge, what are the rental yields?

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Cambridge this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East of England) alongside Cambridgeshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Cambridge.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cambridge £0 £1,385 no relevant data for this city £0
Cambridgeshire 3.51% £1,154.48 130.11% 17.65%
East of England 0.03 1,148.32 £1 16.58%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Cambridge.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (7) will be useful.

Are there more or fewer houses being built in Cambridge?

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 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.

Frequently Asked Questions

Are there opportunities for property renovation in Cambridge?

If planning permissions are abundant in the vicinity of Cambridge, it may look promising for landlords looking to renovate. With 11 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 121157. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

On a monthly basis, how many property transactions take place in Cambridge?

In the city of Cambridge, there are 7 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Cambridge?

To assess the shifts in Cambridge’s population over time, analyse how the population has altered. Look at the ten year change of population of 9%, alongside the five-year change of 4%.

What is the asking price for houses for sale in the wider region of Cambridge?

The current average price per square foot for a house in Cambridge stands at £0, considering the mean cost for each square foot of houses for sale there.

Is purchasing a house in Cambridge considered a costly decision?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Cambridge, this stands at £395,124, whereas the UK’s mean is £286,500.

Buying a home in Cambridge? Find trusted estate agents below

Purchasing property in Cambridge can be a complex process. Having the right real estate agent to guide you makes all the difference. We understand how stressful and time-consuming finding an agent can be so we have provided all of the most relevent agents and their contact details below in our convenient table.

Estate agent Contact number Address of agent Email
Antony Davis Estate Agents 441223801448 14 High Street, Fulbourn, CB21 5DH Phone number only
Bryant Land & Property 441223784557 Manor Farm, Manor Road, Little Shelford, Cambridge, CB22 5HF Phone number only
Malcolms Estate Agents nan 62 Ermine Street nan
Sheltons 441954594979 149-151 St Neots Road, Hardwick, CB23 7QJ Phone number only
HC Property Letting Ltd 441480400404 8 Woodhead Place, CB23 3GU Phone number only

Download agent details

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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