Real Estate in Cambridge, England
Last updated on Jan 16, 2024
Summary: The most desirable neighborhoods in Cambridge, UK are generally considered to be the city centre, the area around the University of Cambridge, and the villages of Grantchester, Trumpington, and Great Shelford. The average cost to buy a nice 2 bedroom home in Cambridge is around $1,000,000 USD, while a nice 3 bedroom home is around $1,500,000 USD. These properties typically include modern amenities such as central heating, double glazing, and fitted kitchens. There are no restrictions on foreign ownership for properties in Cambridge. An expat looking to buy a home in Cambridge should begin by researching the local market and familiarizing themselves with the different neighborhoods. They should also consider their budget and what type of property they are looking for. It is also important to consult with a real estate agent who is familiar with the area and can provide advice on the best properties available.
How do I find a place to live in Cambridge?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Cambridge is to use online resources such as Rightmove, Zoopla, and Gumtree. These websites allow you to search for properties in the area and filter your results based on your preferences. Additionally, you can contact local estate agents who can help you find a suitable property. You can also look for rental properties in the local newspapers or on notice boards in the area. Finally, you can ask friends and family if they know of any available properties," remarked one member in Cambridge.
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What is a typical expat home or apartment like in Cambridge?
"Expat homes and apartments in Cambridge are typically modern and spacious, with plenty of natural light. Many of the apartments are located in the city centre, close to shops, restaurants, and other amenities. The city is also well-connected by public transport, making it easy to get around. Expat homes and apartments often come with a range of features, such as high-speed internet, modern appliances, and plenty of storage space," said one person in Cambridge.
What is the average cost of housing in Cambridge?
If you are thinking about moving to Cambridge, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Cambridge is quite high. Renting a one-bedroom apartment in the city centre can cost around £1,200 per month, while a three-bedroom house can cost up to £2,500 per month. Buying a property in Cambridge is also expensive, with the average house price being around £500,000," said one expat in Cambridge.
Should I buy or rent a home in Cambridge?
If you have not spent a lot of time in Cambridge, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Cambridge can be a great investment, as the city is known for its strong housing market. However, it is important to consider your financial situation and lifestyle before making a decision. Renting can be a great option if you are looking for flexibility and don't want to commit to a long-term mortgage. On the other hand, buying a home can provide you with more stability and the potential for long-term financial gain. Ultimately, the decision to buy or rent should be based on your individual needs and preferences," remarked one foreigner who made the move to Cambridge.
What do I need to know when buying property in Cambridge?
When we asked expats what advice they would give a foreigner before buying a property in Cambridge, they said:
"When buying property in Cambridge, it is important to research the local area and the property market. Consider the size, condition and location of the property, as well as the potential for future capital growth. It is also important to consider the local amenities, transport links and schools in the area. It is advisable to get a surveyor to inspect the property before purchase, and to get legal advice from a solicitor or conveyancer. It is also important to budget for additional costs such as stamp duty, legal fees and survey fees. Finally, it is important to be aware of any restrictions or covenants that may be attached to the property," wrote one expat who made the move to Cambridge.
Are foreigners allowed to own property in Cambridge?
When we asked expats what advice they would give a foreigner before buying a property in Cambridge, they said...
"Yes, foreigners are allowed to own property in Cambridge. There are no restrictions on foreign ownership of property in the UK, and anyone from any country can purchase a property in Cambridge. However, it is important to note that foreign buyers may be subject to additional taxes and fees, and should research the local laws and regulations before making a purchase. Additionally, foreign buyers may need to obtain a visa or other permission from the UK government in order to purchase a property in Cambridge," remarked one foreigner who made the move to Cambridge.
What appliances are typically included in a rental?
We asked foreigners in Cambridge what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Cambridge typically include a refrigerator, oven, washing machine, and dryer. Other common appliances may include a dishwasher, microwave, and toaster," said one in Cambridge.
Additional Information about Searching for a Home in Cambridge:
We asked foreigners in Cambridge what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Cambridge can search online for rental properties, or contact local real estate agents for assistance. They can also search for homes on popular expat websites, such as ExpatFocus, which provide listings of available properties in the area. Additionally, expats can join local expat groups and ask for advice and recommendations from other expats who have already settled in Cambridge," explained one person living in Cambridge, England.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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