Ely Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Cathedral city with premium values, Cambridge commuter demand, and heritage character

The Ely property market recorded 898 residential sales over the past 12 months, with a median sale price of £340,000. This places Ely £37k above the Cambridgeshire county median of £302,750, and £55k above the UK national median of £285,000.

Prices in Ely have shown broadly stable, with a year-on-year change of 0%. Within Cambridgeshire, Ely ranks 2nd by price out of 8 principal towns, and 4th by transaction volume.

Ely median prices have moved from £340,000 in Q1 2025 to £315,000 in Q2 2026, a change of -7.4% over 5 quarters. Ely has now recorded 2 consecutive quarters of price falls.

Property prices in Ely vary significantly by type. The table below compares Ely prices with Cambridgeshire county averages and UK national figures.

Detached homes in Ely command £475,000, while flat properties are most accessible at £160,250. The £315k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Ely recorded 8 new-build transactions in the past 12 months, representing 0.9% of total sales. There is moderate development activity, with room for further growth.

New-build properties in Ely traded at a premium of 25.5% 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, 98 new-build completions were recorded — see our Cambridgeshire property market report for the full county picture.

The following table shows the most recent property transactions recorded in Ely, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £218,750 to £575,000 illustrates the breadth of the Ely market.

For developers considering Ely, the local market data translates directly into finance structuring. With a median value of £340,000 and detached homes at £475,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a Ely scheme with a GDV of £475,000 would attract senior debt of approximately £308,750 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 remained flat 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.

To put Ely's market in context, the table below compares it with similarly-priced towns across Cambridgeshire:

For the full Cambridgeshire town-by-town breakdown, see our comprehensive Cambridgeshire property market report.