Archives for the month of: October, 2013

Cambridge House Prices have published their latest analysis of market conditions in Cambridge and it makes for very interesting reading. My clients have been involved in the bidding for a number of the £1 million + houses in the City and I can confirm that competition at this end of the market is intense.  More often than not agents are asking for buyers to put forward their best and final offer for a property, helping to drive up eventual sales prices way in excess of the initial guide price.  I was amused to see in the Cambridge News Property Supplement last week that one agent was advertising the fact that they had achieved an average of 102% of the guide price on their sales.  If only prime property in Cambridge could be secured for only 2% above the guide price!

The opening of a second railway station coupled with the demolition and redevelopment of a number of property eyesores will lead to further house price increases, according to a report in the Cambridge News.   The The £30 million Chesterton Science Park station is set to open in 2015 and will impact house prices in the surrounding areas.  AT the same time redevelopment of sites on Mitchum’s Corner and Victoria Road will remove some of the ugliest commercial buildings in the City, paving the way for new residential schemes.  To read the full report click here.