Newmarket is a safe bet and good alternative to Cambridge

How often do you see racehorses walk down your high street or see stable lads and apprentices exercising thoroughbreds on the outskirts of town?

In Newmarket, the Cambridgeshire headquarters of British horse racing, it is commonplace to see them on the heathland Gallops just out of town.

But it is not just for horse racing that increasing numbers are focusing on this “working” rather than “chocolate box” market town: it is the house prices.

Newmarket 1

While property has risen by 27 per cent over the past five years in Newmarket, the average home costs far less than in nearby Cambridge with its highly successful science parks, prestigious Addenbrooke’s teaching hospital and world-famous university.

According to Zoopla, prices have risen by a comparable 28 per cent in Cambridge over the same period. But while the average price of a detached house in the university city is more than £1million, similar properties around Newmarket are less than half that.

“You have to have fairly deep pockets or compromise on accommodation to buy in Cambridge,” says Richard Garrard, associate at Cheffins Estate Agents.

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