Housing Market Analysis for GROVE CLOSE, IP22 2PY

Are you looking to understand IP22 2PY 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 IP22 2PY area, explore the IP22 2PY Area information page.
For comprehensive crime statistics in the IP22 2PY area, explore the IP22 2PY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP22 2PY postcode area, The average prices are as follows,

  • Detached
    • The average price is around £280,642 median price is £245,000 Standard Deviation is £222,434 with Total Sold: 6
    • The Last 5 Year average price is £750,000 with Total Sold: 1
    • The most recent sale happened at this postcode is MONTROSE FARM BURY ROAD: £750,000 (Sold on 24 Aug 2022)
    • The first recorded sale happened at this postcode is 2 GROVE CLOSE: £39,950 (Sold on 10 Jul 1998)
  • Terraced
    • The average price is around £203,833 median price is £200,000 Standard Deviation is £7,261 with Total Sold: 3
    • The Last 5 Year average price is £203,833 with Total Sold: 3
    • The most recent sale happened at this postcode is BOBBY COTTAGE BURY ROAD: £214,000 (Sold on 17 Sep 2021)
    • The first recorded sale happened at this postcode is BOBBY COTTAGE BURY ROAD: £197,500 (Sold on 12 Feb 2019)
  • Semi-Detached
    • The average price is around £175,000 median price is £175,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is BETHANY COTTAGE BURY ROAD: £175,000 (Sold on 28 Jan 2010)
    • The first recorded sale happened at this postcode is BETHANY COTTAGE BURY ROAD: £175,000 (Sold on 28 Jan 2010)

Sold Price Trend Over the Years:

Below table and chart gives the average IP22 2PY 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£750,000 £3,061 1
2013£158,900 £1,356 1
2003£245,000 £1,408 2
2002£245,000 £1,000 1
1998£39,9501
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£214,000 £2,488 1
2019£198,750 £2,129 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2010£175,000 £1,716 1

All the Sales in the GROVE CLOSE, IP22 2PY

See the table below for more details on the sold house prices in the IP22 2PY, West Suffolk postcode.

AddressSold DatePrice% Change
MONTROSE FARM BURY ROADDetached, FreeholdArea: 245 Sq.mtrAge: before 190024 Aug 2022£750,000206.12%
11 Apr 2002£245,000First Sale
BOBBY COTTAGE BURY ROADTerraced, FreeholdArea: 86 Sq.mtr17 Sep 2021£214,0008.35%
12 Feb 2019£197,500First Sale
BETHANY COTTAGE BURY ROADTerraced, FreeholdArea: 102 Sq.mtr22 Aug 2019£200,00014.29%
28 Jan 2010£175,000First Sale
1 GROVE CLOSEDetached, FreeholdArea: 117.15 Sq.mtrAge: 1950-196603 Jul 2013£158,900First Sale
2 GROVE CLOSEDetached, Freehold01 Dec 2003£245,000513.27%
10 Jul 1998£39,950First Sale
THE FIRS BURY ROADDetached, FreeholdArea: 174 Sq.mtrAge: before 190007 Oct 2003£245,000First Sale

Check out the sold house prices near the IP22 2PY postcode. Properties currently for saleProperties currently for rent

GROVE CLOSE, IP22 2PY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP22 2PY 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 IP22 2PY postcode.

  • Detached
    • The average price is around £280,642 median price is £245,000 Standard Deviation is £222,434 with Total Sold: 6
    • The Last 5 Year average price is £750,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , MONTROSE FARM BURY ROAD: £750,000 (Sold on 24 Aug 2022)
    • The first recorded sale happened at this postcode is , 2 GROVE CLOSE: £39,950 (Sold on 10 Jul 1998)
  • Terraced
    • The average price is around £203,833 median price is £200,000 Standard Deviation is £7,261 with Total Sold: 3
    • The Last 5 Year average price is £203,833 with Total Sold: 3
    • The most recent sale happened at this postcode is , BOBBY COTTAGE BURY ROAD: £214,000 (Sold on 17 Sep 2021)
    • The first recorded sale happened at this postcode is , BOBBY COTTAGE BURY ROAD: £197,500 (Sold on 12 Feb 2019)
  • Semi-Detached
    • The average price is around £175,000 median price is £175,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , BETHANY COTTAGE BURY ROAD: £175,000 (Sold on 28 Jan 2010)
    • The first recorded sale happened at this postcode is , BETHANY COTTAGE BURY ROAD: £175,000 (Sold on 28 Jan 2010)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£750,000 £3,061 1
2013£158,900 £1,356 1
2003£245,000 £1,408 2
2002£245,000 £1,000 1
1998£39,9501
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£214,000 £2,488 1
2019£198,750 £2,129 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2010£175,000 £1,716 1

House Type in IP22 2PY area

The most common house types in the IP22 2PY postcode area are Detached (99), Semi-detached (33), and Terraced (7).

Total141
Detached99
Semi-detached33
Terraced7
converted building1
temporary structure1
Flat0
Shared house0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (77), and Owned: Owns with a mortgage or loan (42).

Owned: Owns outright77
Owned: Owns with a mortgage or loan42
Private rented: Private landlord or letting agency13
Private rented: Other private rented7
Shared ownership: Shared ownership2
Social rented: Other social rented1
Does not apply0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the IP22 2PY have 2 people in household (70), and 1 person in household (33).

2 people in household70
1 person in household33
3 people in household21
4 people in household13
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0