Archives for the month of: November, 2013

Mill Road The Daily Telegraph has shortlisted Mill Road as one of the 10 contenders for High Street of the Year.   National recognition of this eclectic street will come as no surprise to Cambridge residents  who have long supported the many and varied shops, restaurants and other businesses that line either side of Mill Road.  Click here to read more about the Daily Telegraph’s Reinventing the High Street campaign and The 12 Point High Street Manifesto.

Good luck to Mill Road in the voting.

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Now is the time of year when the national agents make their predictions about the outlook for residential property.  Graham Norwood, property blogger at Propertynewshound (@PropertyJourn) has posted commentary on the main players.  Here are the headlines:

Knight Frank – mainstream UK average house prices will rise seven per cent in 2014 with cumulative growth of 24 per cent by late 2018.

Chesterton Humberts – predict 8.2 per cent price growth in mainstream England and Wales in 2014 – more than Greater London and the most optimistic national forecast so far. Over the course of the following four years there will be an average growth rate of six per cent in England and Wales, and a hefty 9.7 per cent average annual growth in Prime Central London.

Strutt & Parker – predicts a steady price recovery in the UK mainstream market but warns Prime Central London may be entering a weaker period, especially if political support for a Mansion Tax gathers pace.

Cluttons – say current London price growth is unsustainable and in 2014 will slow to 4.0 per cent in prime central London and 3.5 per cent in Greater London.

To read more visit http://propertynewshound.blogspot.co.uk/

 

 

The demand for prime property in Cambridge continues apace.   12 property sales completed at over £1 million in July/August/September.   With demand strong from local cash buyers and overseas investors, many of these houses achieved figures way in excess of the initial guide prices.

Wordsworth Grove, £1,400,000, July 2013

Cavendish Avenue, £1,250,000, July 2013

Parkside Place, £1,230,000, July 2013

Henslow Mews, £1, 196,000, July 2013

Storey’s Way, £1,950,000, August 2013

Newton Road, £1,481,000, August 2013

Chesterton Hall Crescent, £1, 245,000, August 2013

Aberdeen Avenue, £1,100,000, August 2013

Aberdeen Avenue, £1,100,000, August 2013

Sedley Taylor Road, £1,750,000, September 2013

Hills Road, £1,410,000, September 2013

Aberdeen Avenue, £1,100,00, September 2013