HOME EDITION
DES RES Large family
houses, like this property sold by Savills, are rare
important that those looking to sell, set a realistic guide price,” advises Ed. “But there is still huge demand – particularly for quality, large family homes, which in Cambridge and its surrounding villages rarely come up.” The speed at which transactions take place is rocketing, making the already slippery property ladder fiendishly difficult to get a foot on. “Buyers need to be prepared to act quickly,” warns Andrew. “The growing science, tech and life science sectors are driving employment and, inevitably, house purchases.” Although the market can be daunting – now more than ever – don’t let its shifts and current unpredictability scare you off. “For buyers, my advice would be that if you like a property, just make a sensible offer,” suggest Ed. “There is still a shortage of stock, and any short-term fluctuations in price will be overturned by longer- term growth – particularly in an area like Cambridge. For those thinking of selling, setting a realistic guide price will be key. Don’t be tempted to push too high – you want to ensure you attract the largest pool of buyers possible and have exposure in different markets.” Setting a realistic guide price will be key
Make Your Move IF YOU’RE OVER 55 AND LOOKING FOR YOUR NEXT
PROPERTY, MILL VIEW IN HAUXTON MAY BE A PERFECT FIT More homebuyers are turning to convenience over the all-too-common hassle of moving. A Bidwells and Instant Home survey found that renters were more likely to opt for fully furnished apartments than blank-slate properties. “Currently, demand is outstripping supply and we simply can’t build new homes quick enough,” says Paul at Domovo Homes. “Every property we release is oversubscribed. Homes need to have good outside space, especially if the purchasers have been living in apartments.” Boasting a hive of decked out one- and two-bedroom apartments, Mill View may be the solution, coming complete with amenities including an on-site shop, hair salon, roof garden restaurant and lavish gardens. When you’re ready to put down your offer, be prepared, advises Paul: “Have a mortgage in principle and any other paperwork in place; be prepared to wait for your new home – labour and material shortages make the build times longer – and try to use a solicitor or conveyancer that knows the developer or development you’re buying off.”
88 SEPTEMBER 2022 CAMBSEDITION.CO.UK
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