House prices in CB1 2 (Cambridge)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CB1 2' (Cambridge) - statistics were last calculated on 30 August 2024.

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Defining 'CB1 2'

This analysis is limited to properties whose postcode starts with "CB1 2", 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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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

Price per square metre

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

£ per sqm = price ÷ internal area

E.g. 126, Gwydir Street, Cambridge, sold for £560,000 on Jun-2024. Given the internal area of 82 square metres, the price per sqm is £6,829.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,600-£6,000, £6,000-£6,400, £6,400-£6,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 121 sales in Cambridge (CB1 2) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 2). Of the 121 transactions, half were sold for between £6,020 and £7,560 per square metre. The median, or 'middle', price per square metre in 'CB1 2' is £6,960. Notably, only 25% of properties that sold recently were valued at more than £7,560 sqm. 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 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CB1 3 Cambridge	£5,340 sqm	£6,030 sqm	£6,900 sqm
CB1 9 Cambridge	£4,940 sqm	£5,650 sqm	£6,100 sqm
CB1 7 Cambridge	£5,560 sqm	£6,530 sqm	£7,730 sqm
CB1 8 Cambridge	£5,110 sqm	£5,940 sqm	£6,600 sqm
CB1 2 Cambridge	£6,020 sqm	£6,960 sqm	£7,560 sqm
CB1 1 Cambridge	£5,980 sqm	£6,670 sqm	£8,060 sqm

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 2 (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.

Download time series data as CSV (paying users only).

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.

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 £sqm	Recent sales
Gwydir Street, Cambridge, CB1 2L	90 sqm	£7,163	26
St Matthews Gardens, Cambridge, CB1 2P	78 sqm	£5,172	23
Sturton Street, Cambridge, CB1 2Q	74 sqm	£7,108	18
York Street, Cambridge, CB1 2P	66 sqm	£7,148	17
Mill Park, Cambridge, CB1 2F	56 sqm	£5,794	14
Tenison Road, Cambridge, CB1 2D	127 sqm	£6,944	14
Ainsworth Street, Cambridge, CB1 2P	76 sqm	£7,026	12
Ravensworth Gardens, Cambridge, CB1 2X	75 sqm	£6,518	10

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Headly Street, Cambridge, CB1 2G	117 sqm	£5,619	14
Eagle Street, Cambridge, CB1 2G	67 sqm	£6,243	10

Headly Street, Cambridge, CB1 2G has seen 14 new build sales in the last 4 years (average price £736,796). These new build homes typically have an internal area of 117 sqm, with an average price of £5,619 sqm. This £sqm average is £0 below the average for CB1 2. New builds typically command a £ per sqm premium. In the case of Headly Street the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

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.

Address	Paid	sqm	£/sqm
126, Gwydir St, Cambridge	£560,000 Jun-2024	82	6,829
172, Gwydir St, Cambridge	£850,000 Jun-2024	126	6,746
51, Ainsworth St, Cambridge	£490,000 Jun-2024	61	8,032

See the entire list of all sales in Cambridge (CB1 2) here.