Housing Market Analysis for WATER LANE, IP23 8LH

Are you looking to understand IP23 8LH 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 Mid Suffolk postcode.

For the location information and nearby amenities in the IP23 8LH area, explore the IP23 8LH Area information page.
For comprehensive crime statistics in the IP23 8LH area, explore the IP23 8LH Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP23 8LH postcode area, The average prices are as follows,

  • Detached
    • The average price is around £472,500 median price is £472,500 Standard Deviation is £177,500 with Total Sold: 2
    • The most recent sale happened at this postcode is WATER LANE HOUSE WATER LANE: £650,000 (Sold on 04 Feb 2008)
    • The first recorded sale happened at this postcode is 170 WATER LANE: £295,000 (Sold on 17 Feb 2006)

Sold Price Trend Over the Years:

Below table and chart gives the average IP23 8LH 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
2008£650,000 £3,641 1
2006£295,000 £2,639 1

All the Sales in the WATER LANE, IP23 8LH

See the table below for more details on the sold house prices in the IP23 8LH, Mid Suffolk postcode.

AddressSold DatePrice% Change
WATER LANE HOUSE WATER LANEDetached, FreeholdArea: 178.5 Sq.mtrAge: before 190004 Feb 2008£650,000First Sale
170 WATER LANEDetached, FreeholdArea: 111.8 Sq.mtrAge: 1950-196617 Feb 2006£295,000First Sale

Check out the sold house prices near the IP23 8LH postcode. Properties currently for saleProperties currently for rent

WATER LANE, IP23 8LH Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP23 8LH 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 IP23 8LH postcode.

  • Semi-Detached
    • The average price is around £207,542 median price is £225,500 Standard Deviation is £89,973 with Total Sold: 12
    • The Last 5 Year average price is £287,000 with Total Sold: 4
    • The most recent sale happened at this postcode is , 3 LANGWOODS: £345,000 (Sold on 16 Feb 2024)
    • The first recorded sale happened at this postcode is , 177 WICKHAM ROAD: £45,000 (Sold on 12 Sep 1996)
  • Detached
    • The average price is around £347,833 median price is £325,000 Standard Deviation is £189,114 with Total Sold: 33
    • The Last 5 Year average price is £536,000 with Total Sold: 5
    • The most recent sale happened at this postcode is , 4 LANGWOODS: £625,000 (Sold on 08 Sep 2023)
    • The first recorded sale happened at this postcode is , MILL HOUSE MILL LANE: £93,000 (Sold on 17 Feb 1995)
  • Other
    • The average price is around £253,500 median price is £325,000 Standard Deviation is £179,742 with Total Sold: 3
    • The Last 5 Year average price is £377,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , 202 THE STREET: £325,000 (Sold on 04 Dec 2020)
    • The first recorded sale happened at this postcode is , STREET FORGE WORKSHOPS THE STREET: £6,500 (Sold on 13 Jan 2017)
  • Terraced
    • The average price is around £165,923 median price is £150,000 Standard Deviation is £105,022 with Total Sold: 13
    • The most recent sale happened at this postcode is , WISTERIA BARN THE STREET: £300,000 (Sold on 17 Sep 2018)
    • The first recorded sale happened at this postcode is , 197 THE STREET: £38,000 (Sold on 28 Apr 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£345,000 £3,080 1
2021£305,000 £2,723 1
2020£193,0001
2019£305,000 £2,699 1
2015£225,0001
2012£150,0001
2010£248,000 £2,214 1
2009£226,0001
2007£250,000 £2,212 1
2001£129,0001
1998£69,5001
1996£45,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£692,500 £4,269 2
2022£350,000 £5,968 1
2021£650,0001
2020£295,000 £5,030 1
2018£321,500 £3,842 2
2017£467,000 £3,072 1
2016£443,333 £2,965 3
2014£365,000 £3,802 1
2013£245,500 £2,758 2
2011£140,000 £2,387 1
2010£533,500 £2,625 2
2008£434,500 £3,641 4
2007£383,000 £1,932 3
2006£295,000 £2,639 1
2003£325,0001
2000£230,0001
1998£96,000 £1,000 1
1997£93,000 £755 2
1996£113,5001
1995£81,500 £685 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£325,000 £3,916 1
2019£429,000 £2,648 1
2017£6,5001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£300,000 £3,659 1
2017£320,000 £3,902 1
2016£375,000 £2,315 1
2010£194,500 £5,040 1
2005£182,750 £4,328 2
2003£70,0001
2002£140,000 £864 1
2001£150,000 £1,829 1
2000£91,0001
1997£56,500 £1,373 2
1995£38,000 £985 1

House Type in IP23 8LH area

The most common house types in the IP23 8LH postcode area are Detached (61), Semi-detached (23), and Terraced (13).

Total105
Detached61
Semi-detached23
Terraced13
converted building7
Shared house1
Flat0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (54), and Private rented: Private landlord or letting agency (25).

Owned: Owns outright54
Private rented: Private landlord or letting agency25
Owned: Owns with a mortgage or loan22
Social rented: Rents from council or Local Authority2
Shared ownership: Shared ownership1
Private rented: Other private rented1
Does not apply0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the IP23 8LH have 2 people in household (45), and 1 person in household (39).

2 people in household45
1 person in household39
3 people in household15
4 people in household7
5 people in household2
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0