# House prices in CB4 3 (Cambridge)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CB4 3' (Cambridge) - statistics were last calculated on 31 July 2024.

## Defining 'CB4 3'

This analysis is limited to properties whose postcode starts with "CB4 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 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 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. 2, Belmore Close, Cambridge, sold for £475,000 on Jun-2024. Given the internal area of 74 square metres, the price per sqm is £6,418.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 173 sales in Cambridge (CB4 3) that took place in the last two years.

##### Distribution of £ per sqm for Cambridge
Distribution of £ per sqm 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 (CB4 3). Of the 173 transactions, half were sold for between £5,050 and £6,700 per square metre. The median, or 'middle', price per square metre in 'CB4 3' is £5,850. Notably, only 25% of properties that sold recently were valued at more than £6,700 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 'CB4 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB4 1 Cambridge £5,060 sqm £5,710 sqm £6,560 sqm
CB4 2 Cambridge £4,020 sqm £4,640 sqm £5,420 sqm
CB4 3 Cambridge £5,050 sqm £5,850 sqm £6,700 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 CB4 3 (Cambridge) compared with both the wider area CB4 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 metre 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 CB4 3 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 £sqm Recent sales
Oxford Road, Cambridge, CB4 3P 90 sqm £6,464 22
Garden Walk, Cambridge, CB4 3E 89 sqm £6,101 19
Searle Street, Cambridge, CB4 3D 79 sqm £6,859 17
Perse Way, Cambridge, CB4 3S 100 sqm £4,919 12
Stretten Avenue, Cambridge, CB4 3E 84 sqm £4,929 11
Richmond Road, Cambridge, CB4 3P 99 sqm £6,353 11
Greens Road, Cambridge, CB4 3E 75 sqm £6,275 11
Histon Road, Cambridge, CB4 3J 79 sqm £5,960 10

## 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.