Feb 07, 2023 by HM

House prices in Exning (CB8 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Exning (CB8 7).


Defining 'CB8 7'

This analysis is limited to properties whose postcode starts with "CB8 7", 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 Exning 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, Brookside, Exning, Newmarket, sold for £585,000 on Jan-2024. Given the internal area of 166 square metres, the price per sqm is £3,524.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 165 sales in Exning (CB8 7) that took place in the last two years.

Distribution of £ per sqm for Exning (CB8 7)
Distribution of £ per sqm house prices in Exning

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 Exning (CB8 7). Of the 165 transactions, half were sold for between £2,930 and £3,840 per square metre. The median, or 'middle', price per square metre in 'CB8 7' is £3,420. Notably, only 25% of properties that sold recently were valued at more than £3,840m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Exning

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 Exning. 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 Exning
House price heatmap for Exning

Comparison with neighbouring postcode sectors

The table below shows how 'CB8 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB8 0 Newmarket £2,800m2 £3,240m2 £3,820m2
CB8 8 Newmarket £3,210m2 £3,670m2 £4,130m2
CB8 9 Cheveley £3,330m2 £3,890m2 £4,440m2
CB8 7 Exning £2,930m2 £3,420m2 £3,840m2

Will Exning 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 CB8 7 (Exning). 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 CB8 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Exning (CB8 7) over time
House price trends for Exning

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Laceys Lane, Exning, CB8 7H 76m2 £3,335 27
Aureole Walk, Exning, CB8 7B 70m2 £3,260 19
Weston Way, Exning, CB8 7S 61m2 £3,722 17
Fordham Road, Exning, CB8 7A 151m2 £4,405 14
Bury Road, Exning, CB8 7B 147m2 £2,699 12
Jersey Meadow, Exning, CB8 7G 98m2 £3,751 11
Parkers Walk, Exning, CB8 7A 69m2 £3,166 10
Burwell Road, Exning, CB8 7E 85m2 £3,466 10

Search for your street here.

Raw data

Our analysis of Exning 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
2, Brookside, Exning, Newmarket £585,000
Jan-2024
166 3,524
482, Aureole Walk, Exning, Newmarket £215,000
Jan-2024
62 3,467
18, Bury Rd, Exning, Newmarket £250,000
Jan-2024
417 599

See the entire list of all sales in Exning (CB8 7) 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.