# House prices in CB8 7 (Exning)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CB8 7' (Exning, Newmarket) - statistics were last calculated on 31 July 2024.

## 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. There are no official names for postcode sectors so I've just labelled it Exning.

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 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. 181, Pinza Close, Exning, Newmarket, sold for £225,000 on May-2024. Given the internal area of 62 square metres, the price per sqm is £3,629.

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. £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 148 sales in Exning (CB8 7) that took place in the last two years.

##### Distribution of £ per sqm for Exning, Newmarket
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 148 transactions, half were sold for between £2,960 and £3,840 per square metre. The median, or 'middle', price per square metre in 'CB8 7' is £3,440. Notably, only 25% of properties that sold recently were valued at more than £3,840 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 Exning, Newmarket

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 Newmarket. 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 Exning, Newmarket

## 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 8 Newmarket £3,190 sqm £3,530 sqm £4,090 sqm
CB8 9 Cheveley £3,370 sqm £3,880 sqm £4,490 sqm
CB8 0 Newmarket £2,820 sqm £3,260 sqm £3,900 sqm
CB8 7 Exning £2,960 sqm £3,440 sqm £3,840 sqm

## Will Newmarket 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 CB8 7 (Exning) compared with both the wider area CB8 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 Exning,Newmarket
House price trends for Exning

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 CB8 7 sales
Recent trends for Exning

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 Newmarket 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 Newmarket 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
Laceys Lane, Exning, CB8 7H 76 sqm £3,353 29
Weston Way, Exning, CB8 7S 62 sqm £3,720 18
Aureole Walk, Exning, CB8 7B 70 sqm £3,281 17
Fordham Road, Exning, CB8 7A 151 sqm £4,405 14
Bury Road, Exning, CB8 7B 151 sqm £2,821 13
Burwell Road, Exning, CB8 7E 85 sqm £3,514 11
Parkers Walk, Exning, CB8 7A 69 sqm £3,166 10
Glebe Drive, Exning, CB8 7F 139 sqm £3,281 10

## 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.