Ely Property Market Overview
Cathedral city with premium values, Cambridge commuter demand, and heritage character
The Ely property market recorded 845 residential sales over the past 12 months, with a median sale price of £335,000. This places Ely £30k above the Cambridgeshire county median of £305,000, and £50k above the UK national median of £285,000.
Prices in Ely have shown broadly stable, with a year-on-year change of -1.5%. Within Cambridgeshire, Ely ranks 2nd by price out of 7 principal towns, and 3rd by transaction volume.
Ely House Prices by Property Type
Property prices in Ely vary significantly by type. The table below compares Ely prices with Cambridgeshire county averages and UK national figures.
| Type | Ely | Cambridgeshire Avg | UK Avg |
|---|---|---|---|
| Detached | £450,000 | £428,000 | £420,000 |
| Semi-detached | £300,000 | £300,000 | £265,000 |
| Terraced | £272,500 | £253,000 | £230,000 |
| Flat | £161,500 | £161,500 | £225,000 |
Detached homes in Ely command £450,000, while flat properties are most accessible at £161,500. The £289k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Ely
Ely recorded 44 new-build transactions in the past 12 months, representing 5.2% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Ely traded at a premium of 7.0% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Cambridgeshire market, 154 new-build completions were recorded — see our Cambridgeshire property market report for the full county picture.
Recent Property Sales in Ely
The following table shows the most recent property transactions recorded in Ely, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £418,000 | Semi-detached | CB25 0EN | 2026-02-20 | Existing |
| £292,000 | Semi-detached | CB25 9EU | 2026-02-20 | Existing |
| £310,000 | Semi-detached | CB7 4QX | 2026-02-20 | Existing |
| £335,000 | Detached | CB7 4QH | 2026-02-19 | Existing |
| £265,000 | Terraced | CB6 3AQ | 2026-02-17 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £265,000 to £418,000 illustrates the breadth of the Ely market.
Development Finance in Ely
For developers considering Ely, the local market data translates directly into finance structuring. With a median value of £335,000 and detached homes at £450,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Ely scheme with a GDV of £450,000 would attract senior debt of approximately £292,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 1.5% year-on-year, experienced developers can still generate strong returns in Ely by targeting well-located sites with clear demand drivers.
Ready to develop in Ely? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Ely Compared to Nearby Cambridgeshire Towns
To put Ely's market in context, the table below compares it with similarly-priced towns across Cambridgeshire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Ely | £335,000 | 845 | -1.5% |
| St Neots | £320,000 | 588 | -3.3% |
| Huntingdon | £305,000 | 1,074 | -6.2% |
| St Ives | £300,000 | 205 | -2.8% |
| March | £230,000 | 350 | -4.2% |
| Wisbech | £202,500 | 417 | -1.2% |
For the full Cambridgeshire town-by-town breakdown, see our comprehensive Cambridgeshire property market report.
Finance Solutions
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From 12% p.a. · Up to 85-90% LTGDVRelated Reports
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5 min readFrequently Asked Questions
What is the average house price in Ely?
The median house price in Ely is £335,000, based on 845 transactions over the past 12 months. Detached homes average £450,000 while flat properties average £161,500.
Are house prices rising or falling in Ely?
House prices in Ely are falling at -1.5% year-on-year. This decline may present buying opportunities for investors and developers. The wider Cambridgeshire market is falling at -2.8%.
How many properties sold in Ely recently?
Ely recorded 845 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Ely?
Developers in Ely can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.