Property trends for CB8

    CB8 covers the market towns and villages of north Cambridgeshire, including Ely and surrounding rural areas. It is characterised by a blend of historic market-town living and quieter countryside communities with good transport links to Cambridge and beyond.

    At a Glance

    Average Property Price - CB8

    £408,471

    69

    National percentile

    Average Monthly Rent - CB

    £1,428

    77

    National percentile

    Average Net Household Income - CB8

    £41,810

    65

    National percentile

    Flat / Maisonette Yield - CB

    4.8%

    16

    National percentile

    10-Year Annualised Price Growth - CB8

    3.2%

    36

    National percentile

    10-Year Annualised Rent Growth - CB

    3.9%

    53

    National percentile

    Property Price & Volume Trends

    The average property price in CB8 is £408,471, positioning it among the more expensive areas nationally. Over the past decade, prices have grown at 3.2% annually, which is below the national rate of growth. Transaction activity has moderated: 463 sales were recorded in the latest full year, slightly below the ten-year average of 530.

    Rent & Yield Trends

    Average monthly rent across the broader CB postcode area stands at £1,428, placing it among the most expensive for rental values nationally. Rents have grown at 3.9% per year over the past decade, in line with the national pace. The flat yield currently sits at 4.8%, notably above its ten-year average of 3.9%, signalling improved rental returns for investors in recent times.

    Income & Affordability Trends

    Average household income in CB8 is £41,810, above the national median. The price-to-income ratio has widened to 9.4x from 8.2x in 2016, indicating property has become less affordable relative to local earnings over the past eight years. Rental affordability has similarly deteriorated: the rent-to-income ratio has risen from 28.1% to 32.5%, meaning renters now spend a larger share of household income on housing.

    Resident Demographic Profile

    The population skews slightly older and more family-oriented than the national average, with a notably high proportion aged 35–49 (20.6% vs 18.7% nationally). The private rental sector is unusually prominent at 27.2%, well above the national average of 21.7%, while outright ownership is proportionally lower at 29.5%. The workforce shows a higher concentration in caring professions (12.6% vs 9.2% nationally) and technical roles, while sales employment is below average.

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