Cheffins held a property auction in Cambridge yesterday (which i missed ). This fine 3 bed semi in Lovell Road CB4 2QW was predicted, prior to the auction,  to make £180K to £200K in fact it didn’t reach £118K . Oops it made £179,500

Only 8 of the 15 lots were sold at the auction. So it looks as though the property crash has finally hit Cambridge (again). I wonder if it will take 15 years to recover this time.

Update:

From the excellent Estate angels website I found some historic prices for Lovell Road:

Lovell Road House Prices 2000 - 2007

Yesterdays price of £118K £179,500 takes as back in time to 2000!  Eight two years of Cambridge property inflation wiped out in one month or so…