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House Prices in IP2 House Prices in IP2 (Ipswich)

The average house price in IP2 (Ipswich) is £226,854 using HM Land Registry data.

The average property price increased by £53,549 (35.72%) over the last 5 years and increased by £10,730 (5.06%) over the last 12 months.

Over the last year, there were 225 residential property sales – a decrease of 134 transactions (-59.56%) relative to the previous year. The majority of house sales (60) were in the £214,000 - £256,000 range. Then came properties in the £172,000 - £214,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,850 (-2%).

In Oct 24, there were 54 new estate agency instructions, 44 agreed home sales and 69 property price reductions.

Nearby Postcodes: , CB7, CB8, CO10, CO11, CO7, IP1, IP10, IP11, IP12, IP13, IP14, IP15, IP16, IP17, IP18, IP19, IP20, IP21, IP22, IP23, IP24, IP25, IP26, IP27, IP28, IP29, IP3, IP30, IP31, IP32, IP33, IP4, IP5, IP6, IP7, IP8, IP9, IP98, NR15, NR16, NR17, NR19, NR34, NR35, NR9, PE32, PE33, PE37, PE38

5-Year Average Property Prices in IP2 (Ipswich)

35.72%

Property prices in Ipswich increased by 35.72% 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 IP2 (Ipswich) Over the Last Year

5.06%

Property prices in Ipswich increased by 5.06% 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.

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).

Property Market Heat Gauge for IP2 (Ipswich) - 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 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 IP2 (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 IP2 (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 IP2 (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 IP2 (Ipswich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP2 postcode area since 1995.

Recent Sales in IP2 (Ipswich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Gorsehayes, Ipswich, Suffolk, IP2 9AU£375,000£365,000-£10,00023 Jan 202401 Aug 2024191 Days
25 Downing Close, Ipswich, Suffolk, IP2 9EQ£200,000£200,000£0028 Feb 202426 Jul 2024149 Days
27 Atherton Road, Ipswich, Suffolk, IP2 9LD£300,000£296,000-£4,00009 Apr 202419 Jul 2024101 Days
15 Acorn Close, Ipswich, Suffolk, IP2 9XG£220,000£212,000-£8,00015 Mar 202408 Jul 2024115 Days
28 Jasmine Close, Ipswich, Suffolk, IP2 9HP£100,000£100,000£0017 Sep 202302 Jul 2024289 Days
16 Glamorgan Road, Ipswich, Suffolk, IP2 8QJ£240,000£240,000£0023 Jan 202424 Jun 2024153 Days
24 St Osyth Close, Ipswich, Suffolk, IP2 9EY£230,000£227,500-£2,50030 Mar 202421 Jun 202483 Days
26 Littles Crescent, Ipswich, Suffolk, IP2 8DP£160,000£155,000-£5,00022 Mar 202413 Jun 202483 Days
5 Belstead Avenue, Ipswich, Suffolk, IP2 8NP£300,000£295,000-£5,00027 Jan 202411 Jun 2024136 Days
81 Monmouth Close, Ipswich, Suffolk, IP2 8RS£400,000£395,000-£5,00025 Jan 202411 Jun 2024138 Days
102 Fountains Road, Ipswich, Suffolk, IP2 9SN£260,000£250,000-£10,00024 May 202431 May 20247 Days
1 Tintern Close, Ipswich, Suffolk, IP2 9BH£220,000£212,500-£7,50001 Feb 202424 May 2024113 Days
10 Bradley Street, Ipswich, Suffolk, IP2 8DU£145,000£137,500-£7,50014 Feb 202420 May 202496 Days
306 Wherstead Road, Ipswich, Suffolk, IP2 8LE£200,000£200,000£0018 Jan 202417 May 2024120 Days
13 Clover Close, Ipswich, Suffolk, IP2 0PW£220,000£217,000-£3,00029 Jan 202415 May 2024107 Days
4 Burghley Close, Ipswich, Suffolk, IP2 9BX£260,000£255,000-£5,00003 Jan 202409 May 2024127 Days
60 Neath Drive, Ipswich, Suffolk, IP2 9TA£225,000£218,000-£7,00026 Oct 202303 May 2024190 Days
De Winters Lodge, Hadleigh Road, Ipswich, Suffolk, IP2 0BT£300,000£270,000-£30,00015 Jan 202430 Apr 2024106 Days
6 Cardiff Avenue, Ipswich, Suffolk, IP2 8QQ£140,000£133,000-£7,00025 Sep 202329 Apr 2024217 Days
60 Glastonbury Close, Ipswich, Suffolk, IP2 9EE£230,000£220,000-£10,00017 Oct 202329 Apr 2024195 Days

Most Expensive Streets in IP2 (Ipswich)

PostcodeStreetAreaAverageNo. of Sales
IP2 9ALOak Hill LaneIpswich£711,6663
IP2 9ASQueenscliffe RoadIpswich£584,1254
IP2 0DGElton Park Hadleigh RoadIpswich£570,5836
IP2 9PFStone Lodge LaneIpswich£553,5004
IP2 9DWBelstead RoadIpswich£464,7504
IP2 9AJAncaster RoadIpswich£434,1258
IP2 8NQBourne Hill, WhersteadIpswich£430,0003
IP2 9RTWardley CloseIpswich£421,5004
IP2 9PDGrantham CrescentIpswich£414,8005
IP2 8NFFoxes Close, WhersteadIpswich£396,19510

Least Expensive Streets in IP2 (Ipswich)

PostcodeStreetAreaAverageNo. of Sales
IP2 8ARLonsdale, Belstead RoadIpswich£55,0006
IP2 0UJThe Spectrum, Dunlop RoadIpswich£64,6254
IP2 8JSRapier StreetIpswich£85,7005
IP2 8JRWherstead RoadIpswich£95,0357
IP2 9QPHale CloseIpswich£99,7506
IP2 8HHPurplett StreetIpswich£101,9005
IP2 9SYHeatherhayesIpswich£107,5004
IP2 8EUStokebridge MaltingsIpswich£107,66612
IP2 9DDHeatherhayesIpswich£112,5004
IP2 0EJCompair CrescentIpswich£119,4378

Explore IP2 (Ipswich) using map

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