House prices in CB1 3 (Cambridge)
This article reveals price per square foot data and various charts to help you understand current housing market in 'CB1 3' (Cambridge) - statistics were last calculated on 30 August 2024.
Defining 'CB1 3'
This analysis is limited to properties whose postcode starts with "CB1 3", 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.
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 areaE.g. 10, Trevone Place, Cambridge, sold for £233,000 on Jul-2024. Given the internal area of 495 square feet, the price per sqft is £470.
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. £529-£557, £557-£585, £585-£613 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 291 sales in Cambridge (CB1 3) that took place in the last two years.
Distribution of £ per sqft for Cambridge
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 3). Of the 291 transactions, half were sold for between £496 and £641 per square foot. The median, or 'middle', price per square foot in 'CB1 3' is £560. Notably, only 25% of properties that sold recently were valued at more than £641 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 3' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
CB1 3 Cambridge | £496 sqft | £560 sqft | £641 sqft |
CB1 9 Cambridge | £458 sqft | £524 sqft | £566 sqft |
CB1 7 Cambridge | £516 sqft | £606 sqft | £718 sqft |
CB1 8 Cambridge | £474 sqft | £551 sqft | £613 sqft |
CB1 2 Cambridge | £559 sqft | £646 sqft | £702 sqft |
CB1 1 Cambridge | £555 sqft | £619 sqft | £748 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 3 (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
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.
Most recent CB1 3 sales
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 |
---|---|---|---|
Rustat Avenue, Cambridge, CB1 3P | 828 sqft | £523 | 25 |
Catharine Street, Cambridge, CB1 3A | 818 sqft | £591 | 21 |
Vinery Road, Cambridge, CB1 3D | 0 sqft | £570 | 20 |
Thoday Street, Cambridge, CB1 3A | 904 sqft | £570 | 20 |
Cromwell Road, Cambridge, CB1 3F | 731 sqft | £459 | 19 |
Rustat Avenue, Cambridge, CB1 3R | 678 sqft | £475 | 18 |
Argyle Street, Cambridge, CB1 3L | 807 sqft | £607 | 18 |
Cromwell Road, Cambridge, CB1 3E | 807 sqft | £584 | 17 |
Search for your street here.
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 | sqft | £/sqft |
---|---|---|---|
10, Trevone Pl, Cambridge | £233,000
Jul-2024
|
495 | 470 |
23 Lichfield House, Rustat Avenue, Cambridge | £315,000
Jul-2024
|
656 | 479 |
29, Flamsteed Close, Cambridge | £425,000
Jun-2024
|
710 | 598 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.