Cambridge is most widely known as the home of the University of Cambridge, founded in 1209 and consistently ranked one of the top five universities in the world. The university includes the renowned Cavendish Laboratory, King's College Chapel, and the Cambridge University Library.ambridge is situated about 50 miles (80 km) north-by-east of London. The city is located in an area of level and relatively low-lying terrain just south of the Fens, which varies between 6 and 24 metres (20 and 79 ft) above sea level.