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).

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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. 157, Burwell Road, Exning, Newmarket, sold for £242,500 on Aug-2023. Given the internal area of 69 square metres, the price per sqm is £3,514.

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

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.

That said, the spread of prices will give you a feel of the typical range to expect in Exning (CB8 7). Of the 173 transactions, half were sold for between £2,900 and £3,840 per square metre. 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.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CB8 7' is £3,330. The table below shows how 'CB8 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CB8 8 Newmarket	£3,120m2	£3,670m2	£4,090m2
CB8 9 Cheveley	£3,310m2	£3,810m2	£4,320m2
CB8 7 Exning	£2,900m2	£3,330m2	£3,840m2
CB8 0 Newmarket	£2,800m2	£3,280m2	£3,880m2

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.

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.

Price map for Exning

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Exning

Street level data

Street	Avg size	Avg £/m2	Recent sales
Laceys Lane, Exning, CB8 7H	76m2	£3,241	27
Weston Way, Exning, CB8 7S	61m2	£3,615	22
Aureole Walk, Exning, CB8 7B	70m2	£3,124	21
Bury Road, Exning, CB8 7B	140m2	£2,904	12
Parkers Walk, Exning, CB8 7A	69m2	£3,148	11
Burwell Road, Exning, CB8 7E	85m2	£3,381	11
Hethersett Close, Exning, CB8 7A	73m2	£3,154	10
Chapel Street, Exning, CB8 7H	68m2	£3,733	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Jersey Meadow, Exning, CB8 7G	96m2	£3,488	9

Jersey Meadow, Exning, CB8 7G has seen 9 new build sales in the last 4 years (average price £339,004). These new build homes typically have an internal area of 96 m2, with an average price of £3,488 m2. This £sqm average is £158 above the average for CB8 7. New builds typically command a £ per sqm premium so this is normal.

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
157, Burwell Rd, Exning, Newmarket	£242,500 Aug-2023	69	3,514
252, Parkers Walk, Exning, Newmarket	£229,000 Aug-2023	58	3,948
320, Hethersett Close, Exning, Newmarket	£245,000 Aug-2023	46	5,326

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