# House prices in CB1 1 (Cambridge)

## Defining 'CB1 1'

This analysis is limited to properties whose postcode starts with "CB1 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Cambridge.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square foot

Knowing the average house price in Cambridge is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area
E.g. 5, Eden Street, Cambridge, sold for £725,000 on Apr-2024. Given the internal area of 753 square feet, the price per sqft is £962.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £715-£743, £743-£771, £771-£798 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 47 sales in Cambridge (CB1 1) that took place in the last two years.

##### Distribution of £ per sqft for Cambridge
Distribution of £ per sqft house prices in Cambridge

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Cambridge (CB1 1). Of the 47 transactions, half were sold for between £565 and £783 per square foot. The median, or 'middle', price per square foot in 'CB1 1' is £680. Notably, only 25% of properties that sold recently were valued at more than £783 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Cambridge

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Cambridge. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Cambridge

## Comparison with neighbouring postcode sectors

The table below shows how 'CB1 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB1 3 Cambridge £485 sqft £554 sqft £638 sqft
CB1 2 Cambridge £541 sqft £635 sqft £699 sqft
CB1 7 Cambridge £494 sqft £602 sqft £719 sqft
CB1 8 Cambridge £479 sqft £554 sqft £613 sqft
CB1 1 Cambridge £565 sqft £680 sqft £783 sqft
CB1 9 Cambridge £448 sqft £510 sqft £564 sqft

## Will Cambridge house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CB1 1 (Cambridge) compared with both the wider area CB1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square foot in Cambridge,Cambridge
House price trends for Cambridge

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CB1 1 sales
Recent trends for Cambridge

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Cambridge to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Cambridge and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqft Recent sales
Eden Street, Cambridge, CB1 1E 807 sqft £839 11
King Street, Cambridge, CB1 1L 570 sqft £570 9
Grafton Street, Cambridge, CB1 1D 904 sqft £709 9
Parkside Place, Cambridge, CB1 1H 947 sqft £671 6
Orchard Street, Cambridge, CB1 1J 775 sqft £788 6
Victoria Street, Cambridge, CB1 1J 0 sqft £643 6
Willow Walk, Cambridge, CB1 1L 925 sqft £743 5
John Street, Cambridge, CB1 1D 0 sqft £683 5

## Raw data

Our analysis of Cambridge is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.