Housing Market Analysis for PALACE STREET, CB8 8EP

Are you looking to understand CB8 8EP house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this West Suffolk postcode.

For the location information and nearby amenities in the CB8 8EP area, explore the CB8 8EP Area information page.
For comprehensive crime statistics in the CB8 8EP area, explore the CB8 8EP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CB8 8EP postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £206,742 median price is £173,750 Standard Deviation is £159,118 with Total Sold: 6
    • The Last 5 Year average price is £255,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 3 PALACE STREET: £255,000 (Sold on 10 Jun 2022)
    • The first recorded sale happened at this postcode is 3 PALACE STREET: £64,950 (Sold on 08 Jul 1998)
  • Other
    • The average price is around £834,000 median price is £834,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £834,000 with Total Sold: 1
    • The most recent sale happened at this postcode is PALACE HOUSE PALACE STREET: £834,000 (Sold on 28 Mar 2019)
    • The first recorded sale happened at this postcode is PALACE HOUSE PALACE STREET: £834,000 (Sold on 28 Mar 2019)
  • Semi-Detached
    • The average price is around £312,500 median price is £312,500 Standard Deviation is £82,500 with Total Sold: 2
    • The most recent sale happened at this postcode is NELL GWYNNE HOUSE PALACE STREET: £395,000 (Sold on 07 Dec 2006)
    • The first recorded sale happened at this postcode is NELL GWYNNE HOUSE PALACE STREET: £230,000 (Sold on 17 Apr 2003)

Sold Price Trend Over the Years:

Below table and chart gives the average CB8 8EP house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£255,000 £3,696 1
2017£245,000 £3,551 1
2016£515,0001
2001£102,500 £2,100 1
1999£58,0001
1998£64,950 £1,331 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£834,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2006£395,0001
2003£230,0001

All the Sales in the PALACE STREET, CB8 8EP

See the table below for more details on the sold house prices in the CB8 8EP, West Suffolk postcode.

AddressSold DatePrice% Change
3 PALACE STREETTerraced, FreeholdArea: 69 Sq.mtrAge: before 190010 Jun 2022£255,0004.08%
06 Oct 2017£245,000139.02%
06 Jul 2001£102,50057.81%
08 Jul 1998£64,950First Sale
PALACE HOUSE PALACE STREETOther, Leasehold28 Mar 2019£834,000First Sale
NELL GWYNNE HOUSE PALACE STREETTerraced, Freehold20 May 2016£515,00030.38%
07 Dec 2006£395,00071.74%
17 Apr 2003£230,000First Sale
1 PALACE STREETTerraced, Freehold28 Apr 1999£58,000First Sale

Check out the sold house prices near the CB8 8EP postcode. Properties currently for saleProperties currently for rent

PALACE STREET, CB8 8EP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CB8 8EP postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the CB8 8EP postcode.

  • Semi-Detached
    • The average price is around £176,552 median price is £156,745 Standard Deviation is £109,680 with Total Sold: 485
    • The Last 5 Year average price is £302,301 with Total Sold: 61
    • The most recent sale happened at this postcode is , 2 HEATH VILLAS: £610,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 9 PARK COTTAGES: £39,000 (Sold on 19 Jan 1995)
  • Terraced
    • The average price is around £151,453 median price is £143,000 Standard Deviation is £80,635 with Total Sold: 1,821
    • The Last 5 Year average price is £246,867 with Total Sold: 254
    • The most recent sale happened at this postcode is , 53 LOWTHER STREET: £240,500 (Sold on 23 Aug 2024)
    • The first recorded sale happened at this postcode is , 9 NAT FLATMAN STREET: £41,000 (Sold on 06 Jan 1995)
  • Flat
    • The average price is around £142,621 median price is £125,000 Standard Deviation is £88,522 with Total Sold: 724
    • The Last 5 Year average price is £184,220 with Total Sold: 116
    • The most recent sale happened at this postcode is FLAT 1, 120 HIGH STREET: £120,000 (Sold on 22 Jul 2024)
    • The first recorded sale happened at this postcode is FLAT 4, THE GALLOPS OLD STATION ROAD: £100,000 (Sold on 05 Jan 1995)
  • Detached
    • The average price is around £309,690 median price is £248,000 Standard Deviation is £226,869 with Total Sold: 220
    • The Last 5 Year average price is £530,326 with Total Sold: 23
    • The most recent sale happened at this postcode is , 6 STAMFORD STREET: £365,000 (Sold on 10 May 2024)
    • The first recorded sale happened at this postcode is , GRANBY LODGE GRANBY STREET: £105,000 (Sold on 24 Feb 1995)
  • Other
    • The average price is around £1,143,827 median price is £412,500 Standard Deviation is £3,085,768 with Total Sold: 96
    • The Last 5 Year average price is £913,490 with Total Sold: 56
    • The most recent sale happened at this postcode is , 10 SOVEREIGN COURT: £220,000 (Sold on 23 Feb 2024)
    • The first recorded sale happened at this postcode is , BULL HOTEL, 62 HIGH STREET: £1,750,000 (Sold on 02 May 2014)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£304,889 £3,266 9
2023£303,462 £3,329 13
2022£309,340 £3,528 10
2021£349,950 £3,305 10
2020£247,820 £2,646 10
2019£297,806 £3,198 9
2018£230,778 £2,823 9
2017£250,000 £3,084 17
2016£346,143 £3,140 7
2015£275,874 £3,042 8
2014£204,358 £2,471 18
2013£227,756 £2,283 9
2012£225,881 £2,254 13
2011£220,708 £1,889 12
2010£191,208 £2,491 12
2009£151,389 £2,076 9
2008£222,500 £1,914 12
2007£198,759 £2,181 26
2006£198,963 £2,301 27
2005£185,431 £2,099 24
2004£159,065 £2,160 37
2003£163,258 £1,604 20
2002£138,484 £1,357 16
2001£116,804 £1,074 26
2000£105,121 £998 19
1999£89,791 £920 17
1998£74,107 £885 14
1997£75,244 £599 18
1996£60,033 £563 18
1995£61,135 £742 36
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£262,654 £1,794 13
2023£250,176 £3,282 45
2022£270,818 £3,400 62
2021£256,542 £3,109 53
2020£224,550 £2,921 34
2019£212,973 £2,827 47
2018£232,082 £2,909 46
2017£235,938 £3,030 41
2016£229,311 £2,616 59
2015£204,965 £2,550 66
2014£184,474 £2,215 60
2013£168,911 £2,142 56
2012£180,543 £2,163 44
2011£156,646 £1,925 48
2010£146,428 £1,986 35
2009£149,265 £2,039 33
2008£163,305 £2,122 56
2007£166,990 £2,259 80
2006£142,452 £1,974 104
2005£153,393 £1,999 75
2004£143,861 £2,066 109
2003£131,664 £1,703 78
2002£114,599 £1,515 85
2001£99,181 £1,194 76
2000£93,175 £1,078 65
1999£71,601 £897 81
1998£62,769 £791 82
1997£61,831 £704 78
1996£55,292 £652 57
1995£49,318 £625 53
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£149,389 £3,018 9
2023£162,714 £2,586 14
2022£164,183 £2,851 26
2021£222,307 £3,167 22
2020£187,111 £3,036 18
2019£193,315 £2,865 27
2018£145,696 £2,688 23
2017£182,104 £2,942 34
2016£151,097 £2,659 31
2015£160,473 £2,699 37
2014£144,930 £2,181 25
2013£148,091 £2,370 33
2012£139,600 £2,127 20
2011£134,654 £2,384 13
2010£151,750 £1,997 10
2009£153,500 £2,191 8
2008£162,133 £2,316 15
2007£224,375 £2,111 24
2006£138,439 £2,184 32
2005£238,716 £2,467 45
2004£131,429 £2,161 29
2003£114,107 £2,081 38
2002£106,937 £1,548 41
2001£83,174 £1,291 22
2000£80,895 £1,090 30
1999£51,454 £862 25
1998£51,494 £937 18
1997£58,805 £886 24
1996£54,795 £744 10
1995£94,057 £1,008 21
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£432,500 £5,000 2
2023£538,125 £3,939 4
2022£533,333 £3,228 3
2021£660,625 £3,363 8
2020£346,667 £3,156 3
2019£418,333 £3,376 3
2018£448,000 £2,849 5
2017£509,188 £2,600 8
2016£351,167 £2,950 3
2015£535,333 £3,068 3
2014£432,972 £2,183 9
2013£243,500 £2,496 5
2012£428,600 £2,031 5
2011£413,444 £2,067 9
2010£251,000 £1,934 4
2009£229,750 £2,151 4
2008£528,750 £4,290 4
2007£315,200 £2,290 15
2006£322,500 £2,231 13
2005£343,900 £2,168 10
2004£300,182 £2,403 11
2003£218,121 £1,702 12
2002£273,406 £1,436 16
2001£208,000 £1,332 6
2000£267,571 £1,212 7
1999£133,595 £1,090 13
1998£100,362 £919 8
1997£128,375 £576 8
1996£175,994 £876 8
1995£108,727 £845 11
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£495,0002
2023£297,1437
2022£457,900 £1,762 10
2021£477,346 £4,060 12
2020£1,043,699 £5,319 14
2019£2,106,047 £10,102 11
2018£634,000 £3,310 6
2017£506,201 £7,231 14
2016£516,889 £1,148 9
2015£603,0005
2014£6,682,348 £433 6

House Type in CB8 8EP area

The most common house types in the CB8 8EP postcode area are Flat (46), Terraced (31), and Semi-detached (23).

Total142
Flat46
Terraced31
Semi-detached23
Shared house22
commercial building10
Detached6
converted building4
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (75), and Owned: Owns outright (35).

Private rented: Private landlord or letting agency75
Owned: Owns outright35
Owned: Owns with a mortgage or loan23
Private rented: Other private rented9
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the CB8 8EP have 1 person in household (72), and 2 people in household (40).

1 person in household72
2 people in household40
3 people in household13
4 people in household11
5 people in household5
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0