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House Prices in IP1

The average house price in IP1 (Ipswich) is £235,500 using HM Land Registry data.

The average property price increased by £61,530 (17.75%) over the last 5 years and increased by £12,301 (2.84%) over the last 12 months.

Over the last year, there were 360 residential property sales – a decrease of 259 transactions (-71.94%) relative to the previous year. The majority of house sales (79) were in the £234,000 - £286,000 range. Then came properties in the £130,000 - £182,000 range, where 70 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,423 (-2%).

In June 2024, there were 100 new estate agency instructions, 61 agreed home sales and 61 property price reductions.

5-Year Average Property Prices in IP1 (Ipswich)

17.75%

Property prices in Ipswich increased by 17.75% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in IP1 (Ipswich) Over the Last Year

2.84%

Property prices in Ipswich increased by 2.84% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for IP1 (Ipswich) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in IP1 (Ipswich)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in IP1 (Ipswich)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in IP1 (Ipswich)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the IP1 (Ipswich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP1 postcode area since 1995.

Recent Sales in IP1 (Ipswich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
16 Pitcairn Road, Ipswich, Suffolk, IP1 5BX	£225,000	£220,000	-£5,000	09 Jan 2024	03 May 2024	115 Days
10 Kingsfield Avenue, Ipswich, Suffolk, IP1 3TA	£489,500	£470,000	-£19,500	28 Nov 2023	01 May 2024	155 Days
21 Kerry Avenue, Ipswich, Suffolk, IP1 5LQ	£240,000	£237,500	-£2,500	21 Jul 2023	22 Apr 2024	276 Days
402 Norwich Road, Ipswich, Suffolk, IP1 5DX	£275,000	£270,000	-£5,000	02 Jan 2024	12 Apr 2024	101 Days
93 Defoe Road, Ipswich, Suffolk, IP1 6SL	£200,000	£195,000	-£5,000	15 Jan 2024	03 Apr 2024	79 Days
44 Cromer Road, Ipswich, Suffolk, IP1 5ER	£260,000	£257,500	-£2,500	23 Sep 2023	28 Mar 2024	187 Days
111 Elmcroft Road, Ipswich, Suffolk, IP1 6NE	£220,000	£217,000	-£3,000	26 Dec 2023	27 Mar 2024	92 Days
17 Princedale Close, Ipswich, Suffolk, IP1 4JG	£270,000	£263,000	-£7,000	29 Sep 2023	15 Mar 2024	168 Days
32 High Street, Ipswich, Suffolk, IP1 3QJ	£250,000	£242,500	-£7,500	03 Oct 2023	13 Mar 2024	162 Days
170 Fircroft Road, Ipswich, Suffolk, IP1 6PS	£290,000	£285,000	-£5,000	01 Jun 2023	16 Feb 2024	260 Days
51 Rosecroft Road, Ipswich, Suffolk, IP1 6AP	£270,000	£260,000	-£10,000	04 Oct 2023	16 Feb 2024	135 Days
286 Dales Road, Ipswich, Suffolk, IP1 4LR	£325,000	£305,000	-£20,000	31 Oct 2023	09 Feb 2024	101 Days
42 Dale Hall Lane, Ipswich, Suffolk, IP1 3RY	£450,000	£400,000	-£50,000	17 Jul 2023	07 Feb 2024	205 Days
6 Brockley Crescent, Ipswich, Suffolk, IP1 5HT	£325,000	£310,000	-£15,000	23 Jan 2023	01 Feb 2024	374 Days
44 Kerry Avenue, Ipswich, Suffolk, IP1 5LF	£245,000	£240,000	-£5,000	23 Oct 2023	01 Feb 2024	101 Days
50 Byron Road, Ipswich, Suffolk, IP1 6JG	£260,000	£255,000	-£5,000	25 Aug 2023	31 Jan 2024	159 Days
15 Cardigan Street, Ipswich, Suffolk, IP1 3PF	£260,000	£240,000	-£20,000	01 Aug 2023	30 Jan 2024	182 Days
79 Berners Street, Ipswich, Suffolk, IP1 3LN	£390,000	£375,000	-£15,000	09 Oct 2023	30 Jan 2024	113 Days
38 Preston Drive, Ipswich, Suffolk, IP1 6DS	£285,000	£270,000	-£15,000	15 Aug 2023	26 Jan 2024	164 Days
9 Elmcroft Road, Ipswich, Suffolk, IP1 6NA	£350,000	£350,000	£00	14 Apr 2023	19 Jan 2024	280 Days

Most Expensive Streets in IP1 (Ipswich)

Postcode	Street	Area	Average	No. of Sales
IP1 3TU	Park Gate	Ipswich	£881,250	4
IP1 6TB	Henley Road	Ipswich	£828,333	3
IP1 3QR	Broughton Road	Ipswich	£755,000	4
IP1 6TE	Henley Road	Ipswich	£661,666	3
IP1 3TE	Woodstone Avenue	Ipswich	£657,250	4
IP1 3QU	Warrington Road	Ipswich	£606,500	7
IP1 4LL	Cotswold Avenue	Ipswich	£568,666	3
IP1 4NE	Valley Road	Ipswich	£568,333	3
IP1 4NZ	Vere Gardens	Ipswich	£558,666	3
IP1 3TA	Kingsfield Avenue	Ipswich	£549,285	7

Least Expensive Streets in IP1 (Ipswich)

Postcode	Street	Area	Average	No. of Sales
IP1 1LS	Franciscan Way	Ipswich	£61,125	4
IP1 2QX	Norwich Road	Ipswich	£71,958	24
IP1 3NF	St Georges Street	Ipswich	£75,333	3
IP1 2QG	Yeoman Close	Ipswich	£103,936	8
IP1 1EY	Elm Street	Ipswich	£105,375	4
IP1 2LL	Bramford Road	Ipswich	£109,583	6
IP1 5BA	Bramford Road	Ipswich	£111,166	3
IP1 2JB	Clarkson Street	Ipswich	£111,500	3
IP1 1AN	Cromwell Square	Ipswich	£114,250	30
IP1 2QB	Yeoman Close	Ipswich	£116,800	5