As a current Cambridge resident I can assure you that the house the Op is interested in is actually priced lower than I would expect!
Op you may have been better off posting in the Local Cambridge pages.
We appreciate that at other places in the country you can get much more for your money.
Cambridge is the second most expensive place to live in the country after London and prices are set to increase further due to Astra Zeneca coming to the town and the expansion of the Bio-Medical Campus.
There is a real shortage of housing and the new builds are smaller/smallish and being priced at £700,000. Many people moving into the area are looking at exactly this type of property as the rooms are bigger than the new build.
As an example this is a semi on for £565,000 so presumably out of the OP's budget but just to show it is the Cambridge market.
www.primelocation.com/for-sale/details/42839299?search_identifier=5c8cac50f3a5781c068ae44a64049762#uXvf6tReguXwy5Vt.97
Good luck OP. I am now off to see if I can find you somewhere to live!!