Cambridge is also the fastest growing UK city economy with 2.3% growth, apart from being the home to the world-famous university, colleges and businesses. It has a typical rental rate increase of 3% per annum and an average property price increase of 5% compared to the 3% rest of the UK.
This is no surprise. Many come to Cambridge to study, work and live. As the population grows, so do the housing demands for sale or rent.
PROPERTY DATA - CAMBRIDGE
Source: property.data.co.uk
The investment property market in Cambridge is diverse and busy. Long-let investment property can typically be filled with high-quality local tenants in a city where the higher education level is twice the national average.
The most considerate areas for investment, the modern developments are around Cambridge station and Chesterton (within CB4), an area close to the new station, and the Science Park to the west of the City.
AVERAGE PROPERTY SELLING PRICES
Property price always leads to an increase in 10 years cycle. Below is the 3-month moving averages by property type in Cambridge.
Source: home.co.uk/guides/houseprice/cambridge
PROPERTY LETTING MARKET (CAMBRIDGE vs east of england)
High Street Chesterton
Our investment is located at 50A-50D High Street Chesterton, Cambridge. High Street Chesterton is a freehold property and will be completed in Q2 2022 (estimated). Here are some of the highlights:
Exclusive development of four contemporary duplexes in the heart of Chesterton, Cambridge.
Modern, high-spec, low-density residential development
5-minute cycle to Cambridge North train station and 12-minute cycle to Cambridge station
8-minute drive from Cambridge Science Park
8-minute drive from Cambridge City Centre
Whittle Dene, the developer of this site, is the creation of Kamani Property Group and Hawkswren Ltd. The Kamani Property Group is a global leader in the ownership of commercial, residential and industrial buildings with assets in Manchester, London, Cambridge and New York. Hawkswren is a Cambridge development consultancy with over 40 years board experience and a proven track record.
Whittle Dene has an in-house team comprising architectural services, construction, legal property management, ensuring responsive service at all times.
Should you wish to find out more about investing in off-plan properties in Cambridge, our friendly consultants will be happy to have a thorough discussion session with you. Simply leave your details in the form below and we will arrange a call-back for you.