Feb 07, 2023 by HM
House prices in Cambridge (CB2 0)
This article reveals price per square metre data and various charts to help you understand current housing market in Cambridge (CB2 0).
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 areaE.g. 11, Knightly Avenue, Cambridge, Trumpington, sold for £1,080,000 on Jul2023. Given the internal area of 177 square metres, the price per sqm is £6,101.
England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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. £6,700£7,000, £7,000£7,300, £7,300£7,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 32 sales in Cambridge (CB2 0) that took place in the last two years.
Distribution of £ per sqm for Cambridge (CB2 0)
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.
That said, the spread of prices will give you a feel of the typical range to expect in Cambridge (CB2 0). Of the 32 transactions, half were sold for between £4,660 and £6,040 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,040m^{2}. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.
For the average, we calculate the 'median' or middle price. The median price per square metre in 'CB2 0' is £5,020. The table below shows how 'CB2 0' compares to neighbouring postcode sectors.
Postcode sector  Lower quartile  Middle quartile  Upper quartile 

CB2 9 Trumpington  £4,850m^{2}  £5,390m^{2}  £5,790m^{2} 
CB2 1 Cambridge  £6,040m^{2}  £6,810m^{2}  £7,720m^{2} 
CB2 8 Cambridge  £5,450m^{2}  £6,550m^{2}  £7,550m^{2} 
CB2 7 Cambridge  £6,010m^{2}  £6,270m^{2}  £6,540m^{2} 
CB2 0 Cambridge  £4,660m^{2}  £5,020m^{2}  £6,040m^{2} 
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 scatter plot below for CB2 0 (Cambridge). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CB2 0 and the blue dots are the individual property sales that inform this trend.
Price per square metre in Cambridge (CB2 0) over time
Hover on any blue dot to see details of specific sales
Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties  I do not verify the accuracy of the Cambridge data or any other data I am given.
Price map for Cambridge
I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.
House price heatmap for Cambridge
Street level data
Street  Avg size  Avg £/m^{2}  Recent sales 

Knightly Avenue, Cambridge, CB2 0A  138m^{2}  £5,352  24 
Homerton Street, Cambridge, CB2 0N  76m^{2}  £4,883  20 
Hills Road, Cambridge, CB2 0Q  106m^{2}  £6,443  7 
Musgrave Drive, Cambridge, CB2 0A  135m^{2}  £4,352  5 
Search for your street here.
New build activity
Street  Avg size  Avg £/m^{2}  New build sales 

Urwin Gardens, Cambridge, CB2 0A  186m^{2}  £6,563  13 
Urwin Gardens, Cambridge, CB2 0A has seen 13 new build sales in the last 4 years (average price £595,413). These new build homes typically have an internal area of 186 m2, with an average price of £6,563 m2. This £sqm average is £1543 above the average for CB2 0. New builds typically command a £ per sqm premium so this is normal.
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  m^{2}  £/m^{2} 

11, Knightly Avenue, Cambridge, Trumpington  £1,080,000
Jul2023

177  6,101 
11, Greenlands, Cambridge, Trumpington  £450,000
Jun2023

98  4,591 
Flat 71 The Belvedere, Homerton St, Cambridge, Trumpington  £305,000
Jun2023

65  4,692 
About
HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.