Buying property in Cambridge is a lifetime decision you should make. Investing in luxury houses is one of the ways to climb the property ladder in the UK. The property market in Cambridge and the rest of the UK thrive as demand for property rises.
If you’re thinking of moving to Cambridge, be sure to enlist the assistance of a seasoned and knowledgeable conveyancing service provider in Cambridge like AVRillo has one of the top conveyancing attorneys, who will make sure that the procedure is completed fast for you.
You can invest in the UK in many places, and Cambridge is one of the best places. But why should you choose Cambridge of all places to buy luxury properties?
The Demand For Property Is High.
The only reason to invest in luxury property in Cambridge is the increasing demand for rental space and buy-to-let. At least 15% more tenants register in Cambridge for rental homes every year, while 30% fewer properties are coming to the property market.
It means more homebuyers are willing to purchase homes and move than there are properties that make it conducive to investing for higher returns.
A Buoyant Property Market
The UK property market was expected to drop by at least 3% at the pandemic’s start. According to the Land Registry data, the UK property market has grown by at least 8.5% since December 2020.
Property market growth in East England was up 26.5% for 2015-2020 and is also expected to grow by 17-18% in 2020-2015. This is an opportunity for first-time homebuyers investing in Cambridge.
Increasing Property Prices
Another reason to invest in the Cambridge property market is that property prices have gone higher than the cost of living. Since 2007, property prices have risen by at least 48% in the East of England. Local property prices have increased by at least 7% since December 2020. This is a great opportunity for investing in Cambridge property.
Where To Invest In Cambridge
Chesterton Road
If you are looking for a five or six-bedroom house, you can find one here on Chesterton Road. This is a two or three-reception fitted kitchen ideal for a big family. It has a long garden and off-street parking for your family and guest. This house needs refurbishment and, therefore, suitable for investors.
Challis Close
This is a development property of 22 homes right in the heart of Foxton. The property is built by Hill, one of the best house-builders in the country. You can approach this home by a pathway through a front garden.
It has a front door that takes you to the main entrance leading you to a warm living room. The house has a kitchen comprising floor units and walls, a single oven, freezer, dryer, and dishwasher.
Crowd End
This is a Cherry tree cottage, an exceptional and loved family home found at the furthest end of Crow End. It has access to the right of the village. This luxury home has an Aga kitchen and two-three reception rooms.
The glorious mature gardens make it stand out from the rest. It has a separate entertainment room and no onward chain.
Final Thoughts
If you look forward to buying property in Cambridge, you want to hire a real estate agent to help you find low price houses. You can also get a conveyancer to help you move on time.
