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redwing

Cambridge

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FWIW the narrow 2 storey rear 'half' of the building may well have been added, along with a ritzy kitchen (oh and a local big pharma HQ) but this is equivalent to 13% annual HPI for nearly a decade and a half!

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sold for 220.5k in 2000...

What's changed in Cambridge since 2000 is the demographic. In 2014 it's not the same people as 2000 but with a greater ability to obtain credit. It's people with larger incomes and more capital, often through cashing out of the London property market.

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What's changed is that Cambridge is now indisputably London-on-Cam price-wise, and what's true of London's fundamentals is more directly true of Cambridge's than ever before; be that 'new paradigm', 'it's different this time' or 'tulip-mania' I no longer presume to judge.

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Oh and really, it's not the 2000 comparison that matters, it's that this property would have been very unlikely to have sold for £1M+ in any of the last few years (2007 was not the peak around here, and from local sales, top price might have been in the £800-900k range in 2012), so, if it reaches asking, it's more the 30%-in-a-couple-of-years thing that's of interest. If the fundamentals support that, why not £2.25 Million Pounds for a Victoriana semi in a poor school catchment of a prosperous provincial town in south east England by the time the next World Cup rolls around? Why not indeed.

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Hi drrayjo

It's been a while!

Your rightmove example is symptomatic of the bubble indeed.

What we have here is classic over-development of a site, trying to squeeze a quart into a pint pot. Because there's not the expansion of the city that it's progress requires.

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Hi Redwing! Indeed it feels like an age. Or a very long tour of Bedlam. Hope all's well.

The Blinco joint is certainly a good effort both at quart/pint potting and kite flying but until Great Kneighton etc. get completed I suppose we won't know where the level is, if one is ever allowed to materialise by TPTB.

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Who on earth is buying the new builds at Trumpington? Are people really paying £6,000/m^2 to live by the M11? http://www.rightmove.co.uk/new-homes-for-sale/property-43186121.html?premiumA=true

I looked round recently as my in-laws bought an off-plan flat to rent.

The description above of an off-season Spanish resort without the beach is spot on. I'd hate to live there.

I thought the in-laws were mad, however 6 months on they are getting a far better return on the money than they would in the bank and their tenant has already offered them £50k more than they paid for it (which they haven't taken).

The house on your link is roughly the same size as my house, only I have a decent garden, am closer to town and in (my opinion) a better location. However I wouldn't get much more than £250k for mine. Given the choice of my house + £225k in the bank or that house I wouldn't think many would choose that one. So who is buying at those prices?

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Is Cambridge soil made of gold or something?

http://www.rightmove.co.uk/property-for-sale/property-46384982.html

1.3 Meeeeelllliiiioooonnn for 181 m^2 - £7200 odd per square metre of living space.

What am I missing - to me Cambridge is entirely made of beautiful gated-communites (the university) with the most generic set of shops and poor quality pubs and restaurants squeezed into the bit the universities 'let' the commoners have, presumably so that we can deliver food and wine to the fortresses....

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Are house prices in Cambridge starting to cool down?

The new builds in trumpington? Great Kneighton seem to be falling in price, from ridiculous to slightly less ridiculous...

2 bed terrace- 25 k drop , now at 375K

http://www.rightmove.co.uk/new-homes-for-sale/property-44561461.html

2 bed flat £40 K drop to 300K
http://www.zoopla.co.uk/new-homes/details/33615260

shame the cambridge house price website hasn't been updated for a couple of months :/

http://www.cambridgehouseprices.co.uk/

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Quite a few reductions on my Cambridge RM searches too - but if you do the price per square metre, they still look daft to me.

what do you consider to be a reasonable price per square meter for Cambridge ?

thanks

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what do you consider to be a reasonable price per square meter for Cambridge ?thanks

Given that I'm not at all fond of the place, not much TBH!

Building costs in the UK seem to be very roughly about £1,500/m^2 - everything above that is land cost, unless it's a very high spec build.

I know the village I live in on the outskirts of Cambridge is about £3,500/m^2 from the few places that have sold recently - I could't afford to buy the place I'm renting at those prices, so I don't consider that reasonable either!

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Are house prices in Cambridge starting to cool down?

The new builds in trumpington? Great Kneighton seem to be falling in price, from ridiculous to slightly less ridiculous...

2 bed terrace- 25 k drop , now at 375K

http://www.rightmove.co.uk/new-homes-for-sale/property-44561461.html

2 bed flat £40 K drop to 300K

http://www.zoopla.co.uk/new-homes/details/33615260

shame the cambridge house price website hasn't been updated for a couple of months :/

http://www.cambridgehouseprices.co.uk/

But 3 bedroom houses were 375K last year! (Now 439K)

They are spacious, well speced houses but still crazy.

In my looks on rightmove it feels like Cambridge prices have skyrocketed in the last year or so.

looks like a rise of a lot more than 10% IMO

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According to Property Bee, this newbuild is down from 720K to 650K, but still, it seems pricey to me £3,750 per square metre!

http://www.rightmove.co.uk/new-homes-for-sale/property-43128565.html

To put that into perspective, that's more expensive than some of the nicer parts of Edinburgh...

http://www.zoopla.co.uk/for-sale/details/33618406?search_identifier=18a7561b25fcbb02338e89e5305674cd

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Are house prices in Cambridge starting to cool down?

The new builds in trumpington? Great Kneighton seem to be falling in price, from ridiculous to slightly less ridiculous...

2 bed terrace- 25 k drop , now at 375K

http://www.rightmove.co.uk/new-homes-for-sale/property-44561461.html

2 bed flat £40 K drop to 300K

http://www.zoopla.co.uk/new-homes/details/33615260

shame the cambridge house price website hasn't been updated for a couple of months :/

http://www.cambridgehouseprices.co.uk/

I will update the site soon with two months worth of data when the new LR figures come out, sorry for the delay. Last month saw volume dwindle again slightly but pruces maintained at the top of the ponzi. I am seeing reductions across the board now on RM.

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I will update the site soon with two months worth of data when the new LR figures come out, sorry for the delay. Last month saw volume dwindle again slightly but pruces maintained at the top of the ponzi. I am seeing reductions across the board now on RM.

Thanks for all your hard work on http://www.cambridgehouseprices.co.uk/ its a very usefull site. Much appreciated :)

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I have recently relocated from Bristol to Cambridge (now working at the Science Park). I am renting in Swavesey.



During Jul/Aug the commute along the A14 was OK, but come Sep It became just a big traffic jam where the A14/M11 splits. I tried the commute going through the village route, but this was very variable with a bad queue back through Histon one morning.



I am wanting to buy to the NW, outside of Cambridge (as prices in Cambridge are even more silly than Bristol!). Unfortunately this probably means living with the A14 until the road works complete (next year???). The NW location is important as I need to get up north via the A1.



For the past 2 months I have spent every lunchtime on Rightmove. I had my eye on a few properties which stuck around for a while, but then the nicer ones started going SSTC a few weeks ago.



Certainly if you are OK with a commute of 30 minutes (without traffic) then even to the NW you are getting better value for your money than an equivalent property on the outskirts of Bristol. One nice thing of this area is that quite a few villages have VirginMedia (for high speed broadband) which includes Swavesey.



I have seen Cambourne properties on RM, but I have not yet had time to visit. Strangely only the central part is wired up for VM.


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I have only been to Cambourne a couple of times - from what I can see, it is a basically several new build developments clustered round a few shops and a Morrisons. IIRC it recently celibrated 10 years of existance but new homes are still being built there, so it might not seem 'finished'.

Here's what Wikipedia says : http://en.m.wikipedia.org/wiki/Cambourne

Wouldn't it give you even more of the A14/A428 to deal with?

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If you're in Swavesey and work on the science park, why not use the guided bus?

I'm not a huge fan of the fact it became a black hole for taxpayers money, nor the fact that it is pretty useless for getting all the way into Cambridge centre (it joins the Milton Road just after the science park so you sit in solid traffic for the last 2 miles). But for getting from the NW villages to the science park it surely has to be a no brainer...

The A14 is a horrendous death trap of a road, and you really only want to be using it if you have no realistic alternative.

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  • 317 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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