Sara Parker, Carter Jonas partner who spearheads the property consultancy’s new homes sales, casts her eye on new homes in Cambridge city
Anyone visiting Cambridge this summer who hasn’t visited the city in the past five years will definitely see a changed and a changing city. Such visitors could be forgiven for thinking that it’s a return to an era of big boom times for housebuilders across the land if Cambridge is anything to go by.
In the city itself, there’s the cb1 mixed use commercial and residential development really beginning to make its mark and establish the area as a vibrant new quarter of the city on a previously semi-industrial brown field site.
Then there’s Marque – which happily bills itself as what will be the tallest residential building in Cambridge – on the corner of Hills Road and Cherry Hinton Road by the Cambridge Leisure Park.
The mixed-use development at Parkside, near to Parker’s Piece, will also give some panoramic views of the city from the penthouses. Across Parker’s Piece, on Regent Terrace, there’s Regency Villas – a brand new development of 11 apartments and penthouses where all the homes were reserved within four days of being launched for sale, off-plan, in the early summer.
The new settlement of Great Kneighton, to the south of the city, is well under way with phases released for sale and its first new homes buyers settling in to form one of Cambridge’s newest communities. The nearby developments at Clay Farm to one side and Trumpington Meadows to the other are fast-taking shape to offer a brand new residential location on this side of the city.
These developments which may appear to be springing up from nowhere right now will have been in the planning pipeline for many years and the developers will have carefully selected the sites.
In the same way as ‘location, location, location’ is one of the main drivers of property sales, ‘sites, sites, sites is the developers’ equivalent. Well chosen sites for new homes development soon translate in to location, location, location for home hunters looking for property in an historic city like Cambridge.
Good sites in an ancient city which is surrounded by a fiercely guarded green belt are not easy to find. Add in the elements of the desirability of Cambridge for those who have to commute to work in London every day but who want the kind of cultural and leisure amenities, not to mention the excellent range of schools the city is home too and you can see what fuels all tiers of the Cambridge property market.
That’s why, when new homes developments are launched for sale here, they can command a premium price and sell quickly either as investment property to satisfy tenants’ appetite in the city’s fast-paced residential lettings market or as a main home for a single person, couple or family.