Richard Hatch, partner at Carter Jonas Bradshaws, weighs up the pros and cons of swapping the Thames for the Cam
Cambridge’s prosperity has been driven by the growing employment opportunities over the past 40 years. As employers continue to tap into our city’s talent pool, house prices have risen by 7.3% in only the past three months, making Cambridge an ideal investment location. Whilst house prices are rising in our historic city, for the price of a one-bedroom flat in Islington you can buy a three-bedroom detached house in the family-friendly Cambridge suburbs.
GSK and AstraZeneca have chosen Cambridge as their new home – a move that highlights the ever-expanding potential of the city and its professional community. The Cambridge Biomedical Campus will continue to attract world-class businesses and is destined to be one of the leading biomedical centres by 2020, which will attract further investment.
What’s more, paying a premium for the privilege of living just a short distance from a world-class education system, thriving academic world and scientific and technological hub is a small price to pay when the opportunities are considered. The city is ideal for the seasoned commuter looking to start a family and thanks to the vastly improved commuter service by rail to central London, and by road – with the M11 connecting into North London, and Stansted Airport 30 miles to the south – Cambridge remains connected to the capital. Thanks to plans for the new Cambridge North train station – opening December 2016 – travelling from both the north and south of the city to London will be a pain-free task.
