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House Prices in CB2

The average house price in CB2 (Cambridge) is £550,000 using HM Land Registry data.

The average property price increased by £114,071 (-3.49%) over the last 5 years and increased by £22,856 (-0.66%) over the last 12 months.

Over the last year, there were 170 residential property sales – a decrease of 126 transactions (-74.12%) relative to the previous year. The majority of house sales (68) were in the £290,000 - £484,000 range. Then came properties in the £484,000 - £678,000 range, where 37 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,651 (-1%).

In Oct 24, there were 42 new estate agency instructions, 29 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in CB2 (Cambridge)

-3.49%

Property prices in Cambridge decreased by -3.49% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CB2 (Cambridge) Over the Last Year

-0.66%

Property prices in Cambridge decreased by -0.66% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for CB2 (Cambridge) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CB2 (Cambridge)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CB2 (Cambridge)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CB2 (Cambridge)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CB2 (Cambridge) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CB2 postcode area since 1995.

Recent Sales in CB2 (Cambridge)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
76 Alpha Terrace, Trumpington, Cambridge, Cambridgeshire, CB2 9HT	£475,000	£440,000	-£35,000	14 Sep 2023	07 Jun 2024	267 Days
Flat 4, Homerton Court, Hills Road, Cambridge, Cambridgeshire, CB2 8RS	£525,000	£500,000	-£25,000	08 Nov 2023	30 Apr 2024	174 Days
The Forbes Building, 27, Austin Drive, Trumpington, Cambridge, Cambridgeshire, CB2 9BB	£325,000	£295,000	-£30,000	27 Jun 2018	03 Apr 2024	2107 Days
71 Norwich Street, Cambridge, Cambridgeshire, CB2 1ND	£595,000	£561,240	-£33,760	03 Nov 2023	19 Mar 2024	137 Days
33 Gilmerton Court, Trumpington, Cambridge, Cambridgeshire, CB2 9HQ	£350,000	£335,000	-£15,000	11 Aug 2023	01 Mar 2024	203 Days
18 Scotsdowne Road, Trumpington, Cambridge, Cambridgeshire, CB2 9HU	£495,000	£440,000	-£55,000	07 Aug 2023	23 Feb 2024	200 Days
1 Gayton Close, Trumpington, Cambridge, Cambridgeshire, CB2 9JY	£440,000	£425,000	-£15,000	30 Aug 2023	21 Feb 2024	175 Days
St. Marys House, 47, High Street, Trumpington, Cambridge, Cambridgeshire, CB2 9HZ	£3,750,000	£3,700,000	-£50,000	13 Jul 2023	01 Feb 2024	203 Days
65 Addenbrookes Road, Trumpington, Cambridge, Cambridgeshire, CB2 9AS	£399,995	£395,000	-£4,995	30 Mar 2017	29 Jan 2024	2496 Days
182 Shelford Road, Trumpington, Cambridge, Cambridgeshire, CB2 9NE	£825,000	£810,000	-£15,000	24 May 2023	12 Jan 2024	233 Days
1 Beverley Way, Trumpington, Cambridge, Cambridgeshire, CB2 9JS	£450,000	£435,000	-£15,000	02 Sep 2023	20 Dec 2023	109 Days
43 Bishops Court, Trumpington, Cambridge, Cambridgeshire, CB2 9NN	£300,000	£300,000	£00	04 Jul 2023	15 Dec 2023	164 Days
45 Ellis Road, Trumpington, Cambridge, Cambridgeshire, CB2 9BG	£350,000	£346,000	-£4,000	09 Jun 2018	15 Dec 2023	2015 Days
59 Shelford Road, Trumpington, Cambridge, Cambridgeshire, CB2 9LZ	£750,000	£750,000	£00	19 Jul 2023	08 Dec 2023	142 Days
25 Chaucer Road, Cambridge, Cambridgeshire, CB2 7EB	£3,250,000	£3,150,001	-£99,999	05 Jun 2023	30 Nov 2023	178 Days
199 Hills Road, Cambridge, Cambridgeshire, CB2 8RN	£995,000	£950,000	-£45,000	04 May 2023	09 Oct 2023	158 Days
33 Seekings Close, Trumpington, Cambridge, Cambridgeshire, CB2 9DJ	£450,000	£450,000	£00	01 Aug 2018	09 Oct 2023	1895 Days
6a, Saxon Street, Cambridge, Cambridgeshire, CB2 1HN	£875,000	£875,000	£00	07 Jul 2023	29 Sep 2023	84 Days
94 Warren Close, Cambridge, Cambridgeshire, CB2 1LE	£410,000	£410,000	£00	30 May 2023	08 Sep 2023	101 Days
6 Bateman Mews, Cambridge, Cambridgeshire, CB2 1NN	£750,000	£750,000	£00	31 May 2023	24 Aug 2023	85 Days

Most Expensive Streets in CB2 (Cambridge)

Postcode	Street	Area	Average	No. of Sales
CB2 8AS	Barrow Road	Cambridge	£3,053,750	4
CB2 8AR	Barrow Road	Cambridge	£2,766,666	3
CB2 8AW	Bentley Road	Cambridge	£2,633,333	3
CB2 9HZ	High Street, Trumpington	Cambridge	£2,466,000	3
CB2 8PN	Sedley Taylor Road	Cambridge	£2,441,666	3
CB2 1HP	Panton Street	Cambridge	£2,295,675	4
CB2 9HB	Gazeley Road, Trumpington	Cambridge	£2,070,509	4
CB2 8PJ	Luard Road	Cambridge	£2,048,761	5
CB2 8QE	Hills Road	Cambridge	£1,863,750	8
CB2 8HF	Long Road	Cambridge	£1,863,667	3

Least Expensive Streets in CB2 (Cambridge)

Postcode	Street	Area	Average	No. of Sales
CB2 9ST	Salisbury Place, Monkswell	Cambridge	£151,125	4
CB2 8DS	Glenalmond Avenue	Cambridge	£170,543	8
CB2 9NN	Bishops Court, Trumpington	Cambridge	£272,916	6
CB2 8AY	Queensway	Cambridge	£289,333	3
CB2 9JU	Monkswell, Trumpington	Cambridge	£291,300	5
CB2 9NZ	Corn Lane, Trumpington	Cambridge	£314,425	4
CB2 9BG	Ellis Road, Trumpington	Cambridge	£324,170	12
CB2 0NU	The Belvedere, Homerton Street, Cambridge	Cambridge	£325,181	11
CB2 9DA	Nine Wells Road, Trumpington	Cambridge	£330,142	7
CB2 9BB	Austin Drive, Trumpington	Cambridge	£333,894	19