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

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

The Ely property market recorded 1,338 residential sales in the 12 months to 30 June 2026, with a median sale price of £334,250. This places Ely £24k above the Cambridgeshire county median of £310,500, and £49k above the approximate UK median of £285,000.

Prices in Ely have been broadly stable, a year-on-year change of -1.7%. 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 £340,845 in Q1 2025 to £322,500 in Q2 2026, a change of -5.4% over 5 quarters.

East Cambridgeshire, the local planning authority covering Ely, approved 17 residential planning applications and refused 3 in Q3 2026 (1 July to 30 September 2026), with 39 still awaiting a decision. That is an approval rate of 85%. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 1,913 homes, an estimated £637.6m 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 £455,000, while flat properties are most accessible at £159,000. The £296k 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 51 new-build sales in Ely for the past 12 months, 3.8% 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 6.5% to existing stock.

Across the wider Cambridgeshire market, 445 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 £479,500 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 £334,250 and detached homes at £455,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Ely with a GDV of £455,000 would attract senior debt of approximately £295,750 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 softened 1.7% 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.