Ely Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

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

The Ely property market recorded 1,322 residential sales in the 12 months to 31 May 2026, with a median sale price of £335,000. This places Ely £23k above the Cambridgeshire county median of £311,749, and £50k above the approximate UK median of £285,000.

Prices in Ely have been broadly stable, a year-on-year change of -1.5%. Within Cambridgeshire, Ely ranks 2nd by price out of 8 principal towns, and 4th by transaction volume.

On a quarterly view, Ely median prices moved from £340,000 in Q3 2024 to £345,000 in Q4 2025, a change of +1.5% over 5 quarters. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

East Cambridgeshire District Council, the local planning authority covering Ely, approved 329 residential planning applications and refused 30 in the last 12 months, with 104 still awaiting a decision. That is an approval rate of 92%.

Those applications propose around 1,355 homes, an estimated £454.7m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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 £451,250, while flat properties are most accessible at £160,000. The £291k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 57 new-build sales in Ely for the past 12 months, 4.3% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

On those registered sales, new builds in Ely sold at a premium of 8.3% to existing stock.

Across the wider Cambridgeshire market, 471 new-build sales have registered so far. See our Cambridgeshire property market report for the full county picture.

The table below shows the most recently registered residential sales in Ely, 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 £240,000 to £535,000 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 £335,000 and detached homes at £451,250, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Ely with a GDV of £451,250 would attract senior debt of approximately £293,313 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.

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.