At approximately 5.45 am it was reported that a black coloured Porsche had collided with a wall in the area.
The driver of the car made off from the scene.
The Porsche was reported to have been stolen a short time earlier in the Cambourne Park area of the City.
A blue Audi Q7 jeep that was also stolen during the burglary has not yet been recovered.
Inspector Murphy is appealing for anyone with any information to contact officers at Musgrave Police Station on the non-emergency number 101.
Information can also be passed anonymously by calling the independent charity Crimestoppers on 0800 555 111.