PROPERTY
OF THE MONTH
Cambridge stands out as a prime destination for both living and investment, with property prices soaring by 241% since 2001, reflecting its status as a global leader in technology and life sciences. The city’s vibrant economy, prestigious university, and ongoing infrastructure developments make it an attractive choice for professionals and families seeking a high quality of life and excellent career opportunities.
KEY INSIGHTS
A GREEN AND
SUSTAINABLE
LIFESTYLE
The vision is to provide for a healthy, balanced lifestyle at Waterbeach, with 250 acres of green space connecting the community to nature – from ‘growing your own’ in the allotments and orchards, to ‘walk and cycle first’.
There are linear parks and established woods around the 23 acre lake - sitting at the centre of the community – including five key habitat areas for flora and fauna, with a ‘blue corridor’ of waterways, as well as 40 kilometres of new cycle paths and a pedestrian, cyclist and horse riding bridge across the A10.
A HISTORIC CITY
VIBRANT WITH LIFE
A HOLISTIC
ENVIRONMENT
Cambridge Research Park is just across the A10 via a new footbridge and the Science Park is a three-mile cycle ride away – with another three miles into the city centre. Cambridge is vibrant and thriving, with new technologies springing up daily alongside its world-famous dreamy spires, university colleges and hospitals.
It’s a hotbed for innovation and creativity, with fabulous buildings ancient and modern, a great arts scene, restaurants and bars.
It’s a shopper’s paradise too, from classic and trendy independents and a lively market square, to the Grand Arcade and Grafton Centre for high street brands and a wide choice of superstores.
The new village will feature a health centre with sports and social facilities, including an indoor swimming pool. Water sports can be enjoyed on the lake, which will be home to a lively café culture with a host of shops, galleries and event spaces.
Celebrating the history of the location, the Waterbeach Military Heritage Museum will be reopened, with enhanced Memorial Gardens forming part of the Runway parkland.
FACTS
HIGH DEMAND AND LIMITED SUPPLY
There is a persistent demand for homes in Cambridge, driven by its status as a global innovation hub and the presence of a prestigious university. This demand has outpaced supply, leading to increased property values. New developments such as Waterbeach, aim to address the supply shortage of affordable, quality, new homes.
STRONG ECONOMIC PERFORMANCE
Cambridge has a robust local economy, with productivity levels set to surpass those of London. The city has seen significant growth in its technology and biotech sectors, contributing to high demand for housing.
TRANSPORT LINKS
Regular fast trains connect Cambridge to London in about 50 minutes, enhancing its appeal as a commuter city. This accessibility makes it attractive for professionals working in London in a more affordable location.
Between the 2011 and 2021 censuses, Cambridge's population increased by 18%, the highest in the country. The population forecasts indicate a further 18% increase by 2041, totalling nearly 816,000 residents.
Office for National Statistics
The potential for growth is underpinned by Cambridge's continued recognition and strength as a global leader in technology and life sciences
Savills Report 2024
47% of graduates from Cambridge University remain in the city after completing their studies. This is one of the highest graduate retention in the country and reflects the strong local job market and the appeal of living in Cambridge.
Graduate Outcomes Survey
The average salary in Cambridge is approximately 17% higher than the UK average, which helps support future house price growth.
Office for National Statistics
Cambridge has been ranked as the best place to work in the UK for 2024. The city scored highest in terms of career opportunities, work-life balance, and positive business outlook
Glassdoor Survey
North East Cambridgeshire was the area to see the biggest annual price increase. Properties gained 10.6 per cent in 2023-4.
UK House Price Index (HPI)
Cambridge house prices have risen 241% since 2001– This represents an average annual increase of 5.97% every year during that 20-year period!
Savills Research using ONS, Land Registry
FIGURES
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