RickyD Posted December 15, 2016 Share Posted December 15, 2016 10 minutes ago, neuvilla said: I wonder about the impact of rising house prices on traffic. As houses within walking/cycling distance of the station become more expensive because commuters going to London see them as cheaper than what they can get in London, everyone else working in Cambridge is forced out to the outskirts and find they now need to drive in. So maybe there is a lack of housing, but price drops in London might lower the demand in Cambridge. Prices in Cambridgeshire have also increased at an extraordinary rate in recent years, which would make you think that, like London, it will be one of the places most prone to drops if there was a house price correction. Quote Link to comment Share on other sites More sharing options...
neuvilla Posted December 15, 2016 Share Posted December 15, 2016 On 09/12/2016 at 0:09 PM, RickyD said: Nice house.. but that's one crazy price. And it's under offer. That was quick - just took a week. http://www.rightmove.co.uk/property-for-sale/property-57286456.html Quote Link to comment Share on other sites More sharing options...
Will! Posted December 15, 2016 Share Posted December 15, 2016 23 hours ago, b_real said: Yep, they'll go for around those prices I expect. This one is 151 m2, works out at around £5k psqm which is high, but not extortionately high. The other one above is 134 m2 at £850k is £6,300 odd psqm. Who's buying them, that's what I wanna know. Since you ask, people who work in London and don't want to send their children to state school there.  A expensive small house and a state school in Cambridge is still cheaper than a much smaller house and a private school in London. Quote Link to comment Share on other sites More sharing options...
neuvilla Posted December 16, 2016 Share Posted December 16, 2016 http://www.cambridge-news.co.uk/news/cambridge-news/now-expensive-buy-cambridge-12328193 Some encouraging news. Quote Link to comment Share on other sites More sharing options...
Bug16 Posted December 19, 2016 Share Posted December 19, 2016 On ‎14‎/‎12‎/‎2016 at 6:47 PM, tyres said: last week the roads were gridlocked... That was due to emergency repairs and poor signalling. Quote Link to comment Share on other sites More sharing options...
Trajan394 Posted January 15, 2017 Share Posted January 15, 2017 I work for the University. We received an email letting us know that the first phase of the North West Cambridge development will be available for occupation from Spring 2017. This will be 700 homes that can be rented by university staff for subsidised rates. There will also be a further 1500 homes available for sale on the site starting from late 2017. Although I had heard of the NW Cambridge development, I didn't realise there would be so many new homes available in a relatively short period of time. Surely this will have an impact on the local housing market? I know that the university is quite concerned at how the Cambridge property market may affect recruitment of academics in the future. Quote Link to comment Share on other sites More sharing options...
b_real Posted January 16, 2017 Share Posted January 16, 2017 Interesting. The web site for the development says that 400 market homes will be made available in the first phase, developed by Hill, with occupations from winter 2016/17. When you click through to the Hill website, it says only 240 new dwellings will be provided in the first phase, launching in autumn 2017. The optimist in me hopes that the dwellings will be well priced. The realist in me is preparing myself for 2 bed 70msq apartments coming on the market at £450,000, with 80% being sold off plan at a property convention in Beijing. Damn you Xu Zhimo! Quote Link to comment Share on other sites More sharing options...
Trajan394 Posted January 16, 2017 Share Posted January 16, 2017 Yes absolutely! I believe Hill is the company behind the Magna development which seems very expensive. I walk past it every day and it seems like it's taken a long time to get to the current level of 60% reserved/sold. For what it's worth, the university flat rentals will start at £700p/m for a one bed place (not including bills). Quote Link to comment Share on other sites More sharing options...
tyres Posted January 16, 2017 Share Posted January 16, 2017 55 minutes ago, Trajan394 said: For what it's worth, the university flat rentals will start at £700p/m for a one bed place (not including bills). And thats including the 20% discount for staff?  Quote Link to comment Share on other sites More sharing options...
Trajan394 Posted January 16, 2017 Share Posted January 16, 2017 I am a little confused as I am sure I read somewhere that the rent started at £700p/m. However, this site (http://www.accommodation.cam.ac.uk/FindAHome/UniversityAccommodation/UniversityAccommodationFAQs/NorthWestCambridgeFAQs/) says the rent is set at 30% of net household income for the university properties. That website also says the (long-term) number of properties on the site: 1,500 homes for qualifying University and College staff 1,500 homes for sale on the open market 2,000 post-graduate student rooms Quote Link to comment Share on other sites More sharing options...
b_real Posted January 16, 2017 Share Posted January 16, 2017 Salary scales for the uni... http://www.hr.admin.cam.ac.uk/pay-benefits/salary-scales I'd hazard a guess and say the median is around the grade 5 or 6 ranges (so around the £25k to £38k)? My other half is a scientist at the uni, has a PhD from the university, and is scraping under £30k. She rents a nice room pretty close to the centre of town for £600 pm incl bills, is very frugal with money and just about scrapes by. In fact, she doesn't srape by on that, she's looking to leave for private. £700pm not including bills seems steep, although it is a whole flat. If they're worried about recruiting academics because of high housing costs, they've still got a bit of work to do I reckon. Quote Link to comment Share on other sites More sharing options...
Trajan394 Posted January 23, 2017 Share Posted January 23, 2017 http://www.cambridge-news.co.uk/news/cambridge-house-price-growth-actually-12485533 I have seen references to hometrack before. I'm not sure about their methodology but the last couple of ones have suggested growth is close to zero in Cambridge in recent months. This seems at odds with other indices showing the highest house price inflation is in East Anglia. Any insights on this? Are the more affordable areas in East Anglia doing very well compared with the expensive areas? Â Â Quote Link to comment Share on other sites More sharing options...
neuvilla Posted January 23, 2017 Share Posted January 23, 2017 2 hours ago, Trajan394 said: http://www.cambridge-news.co.uk/news/cambridge-house-price-growth-actually-12485533 I have seen references to hometrack before. I'm not sure about their methodology but the last couple of ones have suggested growth is close to zero in Cambridge in recent months. This seems at odds with other indices showing the highest house price inflation is in East Anglia. Any insights on this? Are the more affordable areas in East Anglia doing very well compared with the expensive areas?   I see Cambridge as just another borough of London. I posted the report on another thread, but forgot to put it on here. http://cambridgeshireinsight.org.uk/Housingmarketbulletin If I'm reading the latest report correctly, prices have fallen over 12 months in Cambridge. By a minuscule amount compared to how they have increased over the last ten years, so I'm not particularly excited. But having the news in the local paper gives me a glimmer of hope that people will start to think twice before paying ridiculous prices for a house here. Quote Link to comment Share on other sites More sharing options...
b_real Posted January 23, 2017 Share Posted January 23, 2017 Anecdotally - of the 33 properties that were emailed to me today by Rightmove because they're in my search criteria (£250k - £400k all around Cambridge & surrounds), 8 of them were reduced. That's nearly 25% of properties at a reduction. This one stands out: Bridge Road, Impington. £425,000 (September 2015) down to £365,000 (today). That's a 15% drop in asking price in 4 months. Decent area too. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted January 27, 2017 Share Posted January 27, 2017 (edited) On 23/01/2017 at 8:19 AM, Trajan394 said: http://www.cambridge-news.co.uk/news/cambridge-house-price-growth-actually-12485533 I have seen references to hometrack before. I'm not sure about their methodology but the last couple of ones have suggested growth is close to zero in Cambridge in recent months. This seems at odds with other indices showing the highest house price inflation is in East Anglia. Any insights on this? Are the more affordable areas in East Anglia doing very well compared with the expensive areas? Â Â Doing well.. depends on your definition. Volumes are very low as there is no point paying Cambridge money + a commute in Norwich. 300/350 is the magic zone lots of people seem to be able to finance around this range.... problem is kite fliers try and get 400/450 Edited January 27, 2017 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
tyres Posted January 29, 2017 Share Posted January 29, 2017 latest sales in Cambridge suggest a lot of houses are going for a lot more than 350:  Date Price Address 25/11/2016 £497,573 16 Catharine Street, Cambridge, CB1 3AW 25/11/2016 £469,500 37 Suez Road, Cambridge, CB1 3QB 24/11/2016 £700,000 55 Humberstone Road, Cambridge, CB4 1JD 23/11/2016 £975,000 29 Panton Street, Cambridge, CB2 1HL 22/11/2016 £399,000 10 Neale Close, Cambridge, CB1 3LE 22/11/2016 £335,000 3 Winfold Road, Waterbeach, Cambridge, CB25 9PR 22/11/2016 £370,000 3 Birch Close, Cambridge, CB4 1XN 21/11/2016 £275,000 12 Sherlock Close, Cambridge, CB3 0HW 18/11/2016 £800,000 73 Mawson Road, Cambridge, CB1 2DZ 18/11/2016 £342,000 34 The Orchards, Cambridge, CB1 9HD 18/11/2016 £375,000 4 Sidney Farm Road, Cambridge, CB1 9LQ 18/11/2016 £255,000 111 Jeavons Lane, Great Cambourne, Cambridge, CB23 5FA 18/11/2016 £475,000 97 Anson Road, Upper Cambourne, Cambridge, CB23 6DJ 18/11/2016 £465,000 69 Long Road, Comberton, Cambridge, CB23 7DG 18/11/2016 £266,000 21 Earith Road, Willingham, Cambridge, CB24 5LS 18/11/2016 £425,000 5 Lander Close, Milton, Cambridge, CB24 6EB 18/11/2016 £750,000 Brackendale, Clay Close Lane, Impington, Cambridge, CB24 9NE 18/11/2016 £495,000 25 The Coppice, Impington, Cambridge, CB24 9PP 18/11/2016 £240,000 47 Ox Meadow, Bottisham, Cambridge, CB25 9FL 18/11/2016 £320,000 38 Sherlock Close, Cambridge, CB3 0HP  Quote Link to comment Share on other sites More sharing options...
tyres Posted January 31, 2017 Share Posted January 31, 2017 Quote The average house price of £475,800 is the third highest in the UK, and nearly 16 times the average yearly salary of £30,100. Cambridge is least 'equal' city in UK, says new report Quote Link to comment Share on other sites More sharing options...
b_real Posted January 31, 2017 Share Posted January 31, 2017 Good article, and certainly feels unequal living here. Quote However, housing affordability remains at crisis levels. The extra £70 million we have secured from government for new council housing through the devolution deal will help us provide over 500 Cambridge families with new council homes in the next five year 500 families in five years,  yet a population growth of 2,400 in one year 2014-15. Calculating... calculating... fail. Quote Housing is a major cause of the cost of living in the city, and we urge all employers to recognise that and pay the living wage Not sure how paying the living wage (whatever that is) will help. I'm on nearly double the average and can't even afford a pokey 1 bed flat in Cambridge due to mortgage restrictions & x4 salary multipliers. To buy anything worth living in you need a double salary and a healthy deposit. Money breeds money here, and if you don't have it, its a struggle. Prices need to come down as well as wages go up. At least we've got the highest rate of patent applications. Quote Link to comment Share on other sites More sharing options...
RentaBear Posted February 6, 2017 Share Posted February 6, 2017 (edited) On 1/31/2017 at 4:07 PM, b_real said: Good article, and certainly feels unequal living here. 500 families in five years,  yet a population growth of 2,400 in one year 2014-15. Calculating... calculating... fail. Not sure how paying the living wage (whatever that is) will help. I'm on nearly double the average and can't even afford a pokey 1 bed flat in Cambridge due to mortgage restrictions & x4 salary multipliers. To buy anything worth living in you need a double salary and a healthy deposit. Money breeds money here, and if you don't have it, its a struggle. Prices need to come down as well as wages go up. At least we've got the highest rate of patent applications. I suspect in a few years, you might end up being glad you didn't manage to buy a pokey flat behind Screwfix for half a million... But I still can't work out where the money is coming from for things like this : http://www.rightmove.co.uk/property-for-sale/property-58957499.html - 50K deposit from BOMAD and then 4.5x 88K combined salary from a couple with no plans for kids anytime soon? Is that really a big market? Edited February 6, 2017 by RentaBear Quote Link to comment Share on other sites More sharing options...
neuvilla Posted February 15, 2017 Share Posted February 15, 2017 <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">House prices FELL 5.1% in Cambridge in 2016 says <a href="https://twitter.com/LandRegGov">@LandRegGov</a> although agents & buyers here may be surprised to learn this.. <a href="https://t.co/6oCcPs7nbR">pic.twitter.com/6oCcPs7nbR</a></p>— Henry Pryor (@HenryPryor) <a href="https://twitter.com/HenryPryor/status/831783778049744896">February 15, 2017</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> Some good news coming out of Cambridge. Quote Link to comment Share on other sites More sharing options...
neuvilla Posted February 15, 2017 Share Posted February 15, 2017 Â Â Â Quote Link to comment Share on other sites More sharing options...
Broken biscuit Posted February 15, 2017 Share Posted February 15, 2017 Looks like Basildon will soon cost more than Cambridge if that trend continues for another year or so. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted February 16, 2017 Share Posted February 16, 2017 On 29/01/2017 at 1:49 AM, tyres said: latest sales in Cambridge suggest a lot of houses are going for a lot more than 350:  Date Price Address 25/11/2016 £497,573 16 Catharine Street, Cambridge, CB1 3AW 25/11/2016 £469,500 37 Suez Road, Cambridge, CB1 3QB 24/11/2016 £700,000 55 Humberstone Road, Cambridge, CB4 1JD 23/11/2016 £975,000 29 Panton Street, Cambridge, CB2 1HL 22/11/2016 £399,000 10 Neale Close, Cambridge, CB1 3LE 22/11/2016 £335,000 3 Winfold Road, Waterbeach, Cambridge, CB25 9PR 22/11/2016 £370,000 3 Birch Close, Cambridge, CB4 1XN 21/11/2016 £275,000 12 Sherlock Close, Cambridge, CB3 0HW 18/11/2016 £800,000 73 Mawson Road, Cambridge, CB1 2DZ 18/11/2016 £342,000 34 The Orchards, Cambridge, CB1 9HD 18/11/2016 £375,000 4 Sidney Farm Road, Cambridge, CB1 9LQ 18/11/2016 £255,000 111 Jeavons Lane, Great Cambourne, Cambridge, CB23 5FA 18/11/2016 £475,000 97 Anson Road, Upper Cambourne, Cambridge, CB23 6DJ 18/11/2016 £465,000 69 Long Road, Comberton, Cambridge, CB23 7DG 18/11/2016 £266,000 21 Earith Road, Willingham, Cambridge, CB24 5LS 18/11/2016 £425,000 5 Lander Close, Milton, Cambridge, CB24 6EB 18/11/2016 £750,000 Brackendale, Clay Close Lane, Impington, Cambridge, CB24 9NE 18/11/2016 £495,000 25 The Coppice, Impington, Cambridge, CB24 9PP 18/11/2016 £240,000 47 Ox Meadow, Bottisham, Cambridge, CB25 9FL 18/11/2016 £320,000 38 Sherlock Close, Cambridge, CB3 0HP  I was speaking about Norwich and how people are moving there from Cambridge :-) Local wages do not support prices over 350K en masse so over this its folks coming in from Cambs and London area. looking at some of these properties it explains why the hot South Norwich market is 300-800k as a Cambridge buyer can still come to Norwich and buy in NR2 a terrace for 400-500k which would be 600-700 there.  Over this amount and you can stay closer. I dont know weather to be shocked that some of those listed properties are so shit for the money or shocked only one was 800k or over.  Quote Link to comment Share on other sites More sharing options...
btd1981 Posted February 17, 2017 Share Posted February 17, 2017 I used to live in Catherine Street. No front garden/yard. Parking a nightmare. Small rear garden. Student irritation central. That price is shocking! Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted February 17, 2017 Share Posted February 17, 2017 (edited) On ‎15‎/‎12‎/‎2016 at 11:47 AM, neuvilla said: And it's under offer. That was quick - just took a week. http://www.rightmove.co.uk/property-for-sale/property-57286456.html I can't understand the logic, that's way beyond a mortgage so the property must be being  purchased mainly cash via inheritance/ equity swap on previous house. That being the case why would you put up with a former peasant's cottage when you could buy something decent up north with a few acres for half the price.  It could be a well heeled Tory borough with decent countryside, not situated on a flat God forsaken ugly marsh; and retire on the the other half of your Equity. I firmly believe the folk of Cambridge require psychological help. Edited February 17, 2017 by crashmonitor Quote Link to comment Share on other sites More sharing options...
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