Cambridgeshire area where house prices have boomed since …
Peterborough[1] has seen the biggest boom in house prices of anywhere in Cambridgeshire[2] since the show Location, Location, Location first aired 40 series ago. The popular Channel 4 property show is back on our screens on Wednesday (November 1) for its 40th series.
The average house cost £78,810 in England and Wales when the show began back in May 2000, according to data from the Land Registry. That’s since shot up to £299,715 according to the latest figures, a jump of 286%.
However, the rise in the average price hasn’t been similar across the country. Manchester has seen the biggest percentage rise of any local authority as the average house in the city cost £41,625 back in May 2000.
That has since shot up to £241,956 according to the latest data. This is a rise of 481% – almost six times higher than when Location, Location, Location first aired.
The City of London has seen the next largest percentage increase in house prices since the programme launched. Homes there now cost 408% more than they did 23 years ago.
Hackey is next at 394%, followed by Waltham Forest at 390%, Leicester at 384%, Thanet at 373%, and Isle of Anglesey at 386%. Peterborough[5] has been the property hotspot in Cambridgeshire.
The average home there cost £57,814 in May 2000. That has more than quadrupled to £246,604 today, an increase of 327%. Fenland has seen the next largest percentage increase (313%), followed by Huntingdonshire at 301%.
How property prices in Cambs have changed since May 2000
Area
Average house price in May 2000
Average house price now
Percentage change
Peterborough
£57,814
£246,604
327%
Fenland
£58,144
£239,849
313%
Huntingdonshire
£79,929
£320,903
301%
Cambridgeshire
£90,473
£360,170
298%
East Cambridgeshire
£90,242
£358,486
297%
Cambridge
£132,285
£513,078
288%
South Cambridgeshire
£125,637
£453,195
261%
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References
- ^ Peterborough (www.cambridge-news.co.uk)
- ^ Cambridgeshire (www.cambridge-news.co.uk)
- ^ Objections raised against plans for 1,000 new homes in Cambridge (www.cambridge-news.co.uk)
- ^ Medicinal mushroom growers refused permission to start farm (www.cambridge-news.co.uk)
- ^ Peterborough (www.cambridge-news.co.uk)
- ^ You can also sign up to our dedicated Peterborough, Traffic and Crime newsletters for the latest updates on the topics you are most interested in. (www.cambridge-news.co.uk)