New research from the Bank of Scotland has revealed that young professionals are willing to pay a 10% premium for Cambridge properties for sale. The University City came 6th in their list of the top 10 regional property hotspots for career-minded urbanites.
The average Cambridge house price currently stands at £348,237, making it one of the most expensive areas within the top 10. In comparison, properties for sale in Didsbury (Manchester) go for an average price of £215,813. Meanwhile, the average house price in Leamington Spa is £238,219. Cardiff was the least expensive region in the top 10, with an average house price of £186,556
According to the Bank of Scotland, young, career-minded high earners are willing to pay up to 40% more to live in one of London’s desirable areas. Average prices for properties for sale in Fulham and Wimbledon are £782,588 and £476,123 respectively.
Here, we take a look at Cambridge properties for sale and identify the area’s amenities and travel links.
What’s so great about Cambridge?
In short, it combines all the benefits of a modern city with the charm of an ancient one. It’s home to one of England’s most respected universities, the schools are excellent, a river runs through it and there are fast and regular trains to London King’s Cross.
Properties for sale in Cambridge appeal to a huge range of people, not just young professionals. Many university students never leave, opting to stay and raise families there. The shopping is excellent, there are numerous independent and chain restaurants, along with chic boutiques, chi-chi coffee shops and fantastic centuries-old pubs. As this is a student town, the live music scene is good and there are a few nightclubs which are a cut above your average leisure park chain venue.
Add well-kept green spaces, punting on the river and a blend of period properties and new builds into the mix and it’s easy to see why Cambridge is an attractive prospect for 20 and 30-somethings.
Cambridge properties for sale appeal to affluent commuters as well. It takes around 45 minutes to reach London King’s Cross by train and the property prices are easier to swallow, making the city a viable option for those in search of somewhere leafier and more affordable to live.
Property Types
If you want period charm, this is the place to be. There are centuries-old Cambridge properties for sale, along with fantastic detached Edwardian residences, Victorian terraces
You’ll also find some older apartments in low-rise, purpose-built blocks, 1930s houses, modern flats and new developments. In short, it’s a mixed bag.
Property Prices
Well-presented, one bedroom flats for sale in Cambridge start at around £105,000. There are shared ownership schemes to look into as well. You’re looking at paying an average price of £170,000 for something within walking distance of the railway station. Flats within Victorian conversions go for around £200,000. For high spec apartments in new builds overlooking the River Cam, you’re looking at paying at least £240,000.
There are affordable new homes in Cambridge to consider as well. Try Church End, where you’ll find three bedroom semis for sale in Cherry Hinton for around £230,000. A link detached house with garage in the same area costs around £270,000.
Transport Links
Cambridge benefits from good transport links, including fast trains to London and excellent bus services in and around the local area.
Drivers can connect to the A1.
You may also be interested in properties for sale in Ely and new homes in Huntingdon.
Search My Homes Unlimited listings for a wide range of properties for sale in Cambridge.
Sources: Bank of Scotland, Land Registry.