The Property Market in Cambridgeshire
Wisbech in Cambridgeshire
Wisbech is a charming market town located in the Fenland district of Cambridgeshire, England. With a population of 33,870 as per the 2021 census, Wisbech is situated 22.7 miles northeast of Peterborough, and the tidal River Nene flows through the town.
Local Property Market
The local property market in Wisbech is showing steady growth. The current average price for property in the town is £253,542, with detached homes increasing in value by +40% since 2006. Additionally, the rental market in the area is prosperous, with an average monthly rent of £1,126pcm.
The economy of Cambridgeshire and Peterborough is thriving, contributing £22bn to the UK's economy. Groundbreaking IT firms are based in the nearby cities of Peterborough and Cambridge, providing a variety of opportunities for growth. For the last three years, the economic growth of Fenland, a district in Cambridgeshire, has outpaced that of the rest of the UK, with a GVA of £2.2 billion per year.
Cambridgeshire and Peterborough's combined administrations are focused on creating 90,000 new jobs by 2036. The most recent Government census shows the employment rate in Cambridgeshire & Peterborough increased by 2% to 78%.
Wisbech is currently undergoing regeneration due to housing and economic growth. A new Garden Town is being built, and the first phase of construction, which includes 12,000 houses, is already underway. Multi-million-pound projects to improve transport links in the area are also in progress, such as the reopening of the main train station and improvement of the A47 to reduce traffic and make Wisbech easily accessible.
For those looking to buy property in Cambridgeshire, Wisbech is an attractive location. In addition to the current local property market trends, there are a variety of flats and apartments for sale in Cambridgeshire, including flats to buy in Cambridgeshire and properties to buy in Cambridgeshire.
Currently, the average price for property in Wisbech is £253,542.
The economy of Cambridgeshire and Peterborough is thriving, with a contribution of 22bn to the UK's economy.
Cambridgeshire and Peterborough's combined administrations aim to create 90,000 new jobs by 2036.
Multi-million-pound projects are underway to further improve transport links in the area. The project includes re-opening the main train station and improving the A47.