Feb 07, 2023 by HM

House prices in Cambridge (CB4 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Cambridge (CB4 1).

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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. 105, Woodhead Drive, Cambridge, sold for £450,000 on Sep-2023. Given the internal area of 75 square metres, the price per sqm is £6,000.

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. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 292 sales in Cambridge (CB4 1) that took place in the last two years.

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 (CB4 1). Of the 292 transactions, half were sold for between £4,900 and £6,380 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,380m². 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 'CB4 1' is £5,460. The table below shows how 'CB4 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CB4 3 Cambridge	£5,000m2	£5,840m2	£6,790m2
CB4 1 Cambridge	£4,900m2	£5,460m2	£6,380m2
CB4 2 Cambridge	£3,870m2	£4,550m2	£5,150m2

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 CB4 1 (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 CB4 1 and the blue dots are the individual property sales that inform this trend.

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 £/m2	Recent sales
Green End Road, Cambridge, CB4 1R	89m2	£5,144	28
Milton Road, Cambridge, CB4 1X	138m2	£4,997	26
Longworth Avenue, Cambridge, CB4 1G	118m2	£4,610	15
High Street, Cambridge, CB4 1N	72m2	£6,200	15
College Fields, Cambridge, CB4 1Y	85m2	£4,780	13
Milton Road, Cambridge, CB4 1L	122m2	£4,982	13
Woodhead Drive, Cambridge, CB4 1Y	71m2	£5,511	12
Herbert Street, Cambridge, CB4 1A	100m2	£6,596	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Milton Road, Cambridge, CB4 1S	95m2	£5,169	14

Milton Road, Cambridge, CB4 1S has seen 14 new build sales in the last 4 years (average price £1,199,459). These new build homes typically have an internal area of 95 m2, with an average price of £5,169 m2. This £sqm average is £-291 below the average for CB4 1. New builds typically command a £ per sqm premium. In the case of Milton Road 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	m2	£/m2
105, Woodhead Drive, Cambridge	£450,000 Sep-2023	75	6,000
41, Acrefield Drive, Cambridge	£440,000 Aug-2023	87	5,057
6, Middleton Close, Cambridge	£670,000 Aug-2023	123	5,447

See the entire list of all sales in Cambridge (CB4 1) here.