Feb 07, 2023 by HM

House prices in Ely (CB6 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Ely (CB6 3).


Defining 'CB6 3'

This analysis is limited to properties whose postcode starts with "CB6 3", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Ely 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. 8, The Crofters, Ely, Littleport, sold for £281,000 on Jan-2024. Given the internal area of 76 square metres, the price per sqm is £3,697.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 257 sales in Ely (CB6 3) that took place in the last two years.

Distribution of £ per sqm for Ely (CB6 3)
Distribution of £ per sqm house prices in Ely

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 Ely (CB6 3). Of the 257 transactions, half were sold for between £3,120 and £4,140 per square metre. The median, or 'middle', price per square metre in 'CB6 3' is £3,680. Notably, only 25% of properties that sold recently were valued at more than £4,140m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Ely

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 Ely. 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.

Property price heatmap for Ely
House price heatmap for Ely

Comparison with neighbouring postcode sectors

The table below shows how 'CB6 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB6 2 Sutton £3,040m2 £3,360m2 £3,790m2
CB6 1 Littleport £2,820m2 £3,230m2 £3,910m2
CB6 3 Ely £3,120m2 £3,680m2 £4,140m2

Will Ely 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 CB6 3 (Ely). 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 CB6 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Ely (CB6 3) over time
House price trends for Ely

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Ely 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 Ely data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Columbine Road, Ely, CB6 3W 89m2 £3,844 25
Beresford Road, Ely, CB6 3W 102m2 £3,683 23
St Johns Road, Ely, CB6 3B 78m2 £3,697 19
Tennyson Place, Ely, CB6 3W 95m2 £3,933 17
Brooke Grove, Ely, CB6 3W 93m2 £3,715 13
High Street, Ely, CB6 3X 133m2 £3,009 13
Morley Drive, Ely, CB6 3F 78m2 £3,474 12
Gateway Gardens, Ely, CB6 3D 102m2 £3,509 12

Search for your street here.

Raw data

Our analysis of Ely 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
8, The Crofters, Ely, Littleport £281,000
Jan-2024
76 3,697
85, Dunstan St, Ely, Littleport £435,000
Jan-2024
187 2,326
15, Bell Gardens, Ely, Littleport £205,000
Jan-2024
45 4,555

See the entire list of all sales in Ely (CB6 3) here.

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.