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House Prices in IP18

The average house price in IP18 (Southwold) is £446,166 using HM Land Registry data.

The average property price increased by £220,326 (56.89%) over the last 5 years and increased by £44,146 (7.1%) over the last 12 months.

Over the last year, there were 60 residential property sales – a decrease of 19 transactions (-31.67%) relative to the previous year. The majority of house sales (20) were in the £498,000 - £686,000 range. Then came properties in the £310,000 - £498,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 97 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,640 (-3%).

In Oct 24, there were 17 new estate agency instructions, 10 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in IP18 (Southwold)

56.89%

Property prices in Southwold increased by 56.89% 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 IP18 (Southwold) Over the Last Year

7.1%

Property prices in Southwold increased by 7.1% 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 IP18 (Southwold) - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 IP18 (Southwold)

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 IP18 (Southwold)

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 IP18 (Southwold)

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 IP18 (Southwold) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP18 postcode area since 1995.

Recent Sales in IP18 (Southwold)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 - 22, Victoria Street, Southwold, Suffolk, IP18 6JF	£895,000	£795,000	-£100,000	18 Jul 2023	01 Aug 2024	380 Days
3 Trinity Close, Southwold, Suffolk, IP18 6JS	£675,000	£632,000	-£43,000	09 Feb 2024	30 Jul 2024	172 Days
Rodings, Salisbury Road, Southwold, Suffolk, IP18 6LG	£500,000	£450,000	-£50,000	05 Mar 2024	26 Jul 2024	143 Days
47 Green Lane, Reydon, Southwold, Suffolk, IP18 6PD	£265,000	£245,000	-£20,000	27 Oct 2023	16 Jul 2024	263 Days
46 Sea View Road, Reydon, Southwold, Suffolk, IP18 6RL	£450,000	£432,000	-£18,000	24 Jan 2024	11 Jun 2024	139 Days
23 Pier Avenue, Southwold, Suffolk, IP18 6BU	£475,000	£450,000	-£25,000	28 Feb 2024	24 May 2024	86 Days
44 Sea View Road, Reydon, Southwold, Suffolk, IP18 6RL	£325,000	£316,000	-£9,000	19 Feb 2024	23 May 2024	94 Days
The Ravine, The Warren, Easton Bavents, Southwold, Suffolk, IP18 6SU	£400,000	£380,000	-£20,000	18 Jan 2024	18 Apr 2024	91 Days
Sandown, Bridgefoot Corner, Reydon, Southwold, Suffolk, IP18 6NF	£649,500	£575,000	-£74,500	23 Nov 2023	13 Mar 2024	111 Days
13 North Road, Southwold, Suffolk, IP18 6BG	£575,000	£550,000	-£25,000	30 Jun 2023	11 Mar 2024	255 Days
58 Stradbroke Road, Southwold, Suffolk, IP18 6LQ	£1,000,000	£985,000	-£15,000	15 Sep 2023	11 Mar 2024	178 Days
Hedges, Lodge Road, Walberswick, Southwold, Suffolk, IP18 6UP	£750,000	£750,000	£00	26 Oct 2023	26 Feb 2024	123 Days
Silver Shore, Station Road, Southwold, Suffolk, IP18 6AY	£665,000	£595,000	-£70,000	16 Jun 2023	15 Feb 2024	244 Days
1 Lakeside Park Drive, Reydon, Southwold, Suffolk, IP18 6YB	£595,000	£590,000	-£5,000	06 Sep 2023	11 Jan 2024	127 Days
50 Lowestoft Road, Reydon, Southwold, Suffolk, IP18 6RF	£395,000	£385,000	-£10,000	28 Sep 2023	10 Jan 2024	104 Days
22 Stradbroke Road, Southwold, Suffolk, IP18 6LQ	£1,300,000	£1,300,000	£00	27 May 2023	18 Dec 2023	205 Days
15 Park Lane, Southwold, Suffolk, IP18 6HL	£695,000	£695,000	£00	12 Apr 2023	30 Nov 2023	232 Days
5 Field Stile Road, Southwold, Suffolk, IP18 6LA	£700,000	£660,000	-£40,000	09 Jun 2023	20 Nov 2023	164 Days
20 Lakeside Park Drive, Reydon, Southwold, Suffolk, IP18 6YB	£525,000	£515,000	-£10,000	01 Jun 2023	10 Nov 2023	162 Days
30 Hotson Road, Southwold, Suffolk, IP18 6BS	£750,000	£750,000	£00	27 Jun 2023	31 Oct 2023	126 Days

Most Expensive Streets in IP18 (Southwold)

Postcode	Street	Area	Average	No. of Sales
IP18 6UE	The Street, Walberswick	Southwold	£1,685,000	4
IP18 6UL	Seven Acres Lane, Walberswick	Southwold	£1,616,887	4
IP18 6AJ	Godyll Road	Southwold	£1,338,000	3
IP18 6UQ	Manor Close, Walberswick	Southwold	£1,205,833	6
IP18 6HL	Park Lane	Southwold	£1,038,400	5
IP18 6BU	Pier Avenue	Southwold	£1,000,088	6
IP18 6AT	North Green	Southwold	£986,666	3
IP18 6HQ	Ferry Road	Southwold	£916,000	5
IP18 6UX	The Street, Walberswick	Southwold	£912,500	4
IP18 6UP	Lodge Road, Walberswick	Southwold	£858,750	4

Least Expensive Streets in IP18 (Southwold)

Postcode	Street	Area	Average	No. of Sales
IP18 6RY	Oaklands, Reydon	Southwold	£184,571	14
IP18 6XB	Belcher Green, Reydon	Southwold	£188,000	3
IP18 6XA	Harrison Green, Reydon	Southwold	£200,166	3
IP18 6PL	Rye Terrace, Reydon	Southwold	£228,933	3
IP18 6YE	Barn Close, Reydon	Southwold	£240,166	3
IP18 6PQ	Windsor Road, Reydon	Southwold	£252,600	5
IP18 6YF	Farmland Close, Reydon	Southwold	£266,000	3
IP18 6QX	Elliott Avenue, Reydon	Southwold	£278,325	6
IP18 6JZ	Old School Drive, Reydon	Southwold	£283,928	7
IP18 6DN	High Street	Southwold	£286,333	3