Sell My House Fast in Cambridge

Cambridge’s affluence and global image are just some of the reasons behind the city’s booming property market. People want to live, work, study and invest in the city, gaining access to the high-quality lifestyle it offers and its thriving economy with high-paying jobs.

Property prices in Cambridge are amongst the highest in the country, with an average house price of £502,394. A terrace house in the city sells for approximately £480,000 and flats are valued at £322,000 on average. These prices are out of reach for many young professionals and families, placing a higher demand on the rental market.

Property investors in Cambridge can expect to charge some of the highest rents in the UK, and they could achieve a rental yield of 3-4% depending on location.

Improvements made to the city’s transport network, including the opening of Cambridge North station, mean that Cambridge is expanding outwards and more properties are becoming available to buy to let.

Why Cambridge is an Attractive City for Investors

Still need some persuasion for why selling a house in Cambridge is a great idea? Here are some further reasons why property investors will be keen to snap up your house:

World-famous Cambridge University

A world-leader in pioneering research and renowned for academic excellence, Cambridge University exerts a huge influence over the property sector. It plays a major part in the local (and national) economy and acts as a powerful pull factor for businesses, professionals and investors.

Cambridge University (along with Anglia Ruskin) attracts thousands of students to the city, supporting the local rental market. Also worth noting is the fact that 25% of Cambridge University undergraduates are from outside of the UK, and foreign investors are keen to buy houses so that family members can study and live there.

Fantastic job opportunities

Cambridge and its surrounding areas have become known as the ‘Silicon Fenn’ due to the high concentration of science and technology businesses that are based there, including the pharmaceutical giant AstraZeneca.

Cambridge Science Park and St John’s Innovation Centre are amongst the many Cambridge University-owned science and technology centres that employ thousands of people and contribute to the city’s booming economy.

Cambridge’s prominence in these fields make it an attractive location for young professionals seeking stable and high paying jobs. It also means that many students choose to remain in the area when they graduate.

Other large employers include the tourism industry (more on that next) and Addenbrooke’s Hospital, a pioneering research hospital that is renowned worldwide.

Booming tourism industry

Cambridge receives a whopping 8 million visitors per year, and these tourists contribute in excess of £800 million to the local economy.

There are endless reasons why visitors, both UK and international, are attracted to Cambridge. The city is simply beautiful with its glorious architecture, expansive green spaces and of course, the River Cam. The compact city centre is postcard-perfect, and there is something for everyone to enjoy.

Visitors can while away hours wandering the historic colleges and museums, dining at award-winning eateries and drinking at eclectic bars, and of course, going punting on the river, the city’s iconic pastime.

Tourism is a major driver to Cambridge’s economy and accounts for 22% of local employment. Cambridge’s commitment to tourism guarantees ongoing investment and preservation, something that any would-be homeowner or property investor wants to hear.

Booming tourism also makes Cambridge an excellent choice for investors interested in short-term rentals, holiday home lets and Airbnb.

Commuting to London

For people who work in London but don’t want to live there, Cambridge is an ideal commuter town. Journeys by train to London take as little as 50 minutes, and commuters can choose from services to London Kings Cross, St Pancras International or London Liverpool Street.

Houses in commuter towns are highly sought after, and Cambridge is no exception. Property investors can profit from young professionals who want to live in Cambridge but cannot afford the property prices.

Selling a House in Cambridge Fast

If you are selling a house in Cambridge that is in a good state of repair, you won’t struggle to generate interest on the open market from homeowners and property investors.

However, there are some cases where you might need to sell a house in Cambridge fast. If that’s the case, contact our expert team at Zoom Property Buyer to discuss your fast house sale.

Call the team on 0333 880 4362 or submit an enquiry using our online form.