House prices in CB7 4 (Ely)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CB7 4' (Ely, Soham) - statistics were last calculated on 30 August 2024.

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Defining 'CB7 4'

This analysis is limited to properties whose postcode starts with "CB7 4", 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 Ely.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. 39, Longchamp Drive, Ely, Soham, sold for £160,000 on Jul-2024. Given the internal area of 55 square metres, the price per sqm is £2,909.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 237 sales in Ely (CB7 4) that took place in the last two years.

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 Ely (CB7 4). Of the 237 transactions, half were sold for between £3,250 and £4,490 per square metre. The median, or 'middle', price per square metre in 'CB7 4' is £3,940. Notably, only 25% of properties that sold recently were valued at more than £4,490 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 Ely, Soham

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 Soham. 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 Ely, Soham

Comparison with neighbouring postcode sectors

The table below shows how 'CB7 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CB7 4 Ely	£3,250 sqm	£3,940 sqm	£4,490 sqm
CB7 5 Soham	£2,820 sqm	£3,380 sqm	£3,790 sqm

Will Soham 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 CB7 4 (Ely) compared with both the wider area CB7 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

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.

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 Soham 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 Soham 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
Cambridge Road, Ely, CB7 4H	122 sqm	£3,970	25
Longchamp Drive, Ely, CB7 4Q	102 sqm	£3,135	24
Henley Way, Ely, CB7 4Y	88 sqm	£4,168	21
Lisle Lane, Ely, CB7 4F	68 sqm	£4,573	17
Merivale Way, Ely, CB7 4G	85 sqm	£3,218	16
Kings Avenue, Ely, CB7 4Q	86 sqm	£3,064	15
Kings Avenue, Ely, CB7 4P	80 sqm	£3,194	15
Victoria Street, Ely, CB7 4B	65 sqm	£4,323	14

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Brimstone Drive, Ely, CB7 4Z	113 sqm	£3,834	59
Red Admiral Street, Ely, CB7 4F	101 sqm	£3,857	24
Gunning Road, Ely, CB7 4R	108 sqm	£2,852	18
Heaton Drive, Ely, CB7 4R	111 sqm	£2,929	15

Brimstone Drive, Ely, CB7 4Z has seen 59 new build sales in the last 4 years (average price £434,523). These new build homes typically have an internal area of 113 sqm, with an average price of £3,834 sqm. This £sqm average is £-106 below the average for CB7 4. New builds typically command a £ per sqm premium. In the case of Brimstone Drive 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 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	sqm	£/sqm
39, Longchamp Drive, Ely, Soham	£160,000 Jul-2024	55	2,909
171, New Barns Avenue, Ely, Soham	£230,000 Jul-2024	74	3,108
60, Main St, Ely, Soham	£204,000 Jul-2024	173	1,179

See the entire list of all sales in Ely (CB7 4) here.