27 SOLD IN A WEEK
In the week following Easter Cheffins Cambridge Residential agreed terms on some 27 properties.
In central Cambridge values are probably back to the 2007 heights, reports Martin Walshe, Cheffins Director, and in some cases prices above this level are being achieved due to the continuing imbalance between supply and demand. In the villages there is good demand with prices well on the way to realising previous peak levels.
Taking two different properties as examples, in Luard Road a large Edwardian property on the market at £1.45 million went to best and final offers with three bids exceeding the guide price by a significant margin – the client was delighted that from instructing Cheffins to market his house until exchange of contracts took just 40 days. Likewise in Newnham, a 1970s family home went on the market at £575,000 and was agreed, again with three bids over the guide price.
