Housing Market Analysis for OLIVE CLOSE, IP27 9RP

Are you looking to understand IP27 9RP 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 IP27 9RP area, explore the IP27 9RP Area information page.
For comprehensive crime statistics in the IP27 9RP area, explore the IP27 9RP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP27 9RP postcode area, The average prices are as follows,

Terraced
- The average price is around £203,684 median price is £177,000 Standard Deviation is £44,632 with Total Sold: 19
- The Last 5 Year average price is £273,000 with Total Sold: 4
- The most recent sale happened at this postcode is 2 OLIVE CLOSE: £305,000 (Sold on 03 Feb 2023)
- The first recorded sale happened at this postcode is 8 OLIVE CLOSE: £208,000 (Sold on 22 Jun 2018)

Sold Price Trend Over the Years:

Below table and chart gives the average IP27 9RP 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£305,000	£2,500	1
2022	£262,333	£2,743	3
2019	£174,000	£2,203	1
2018	£186,000	£2,072	14

All the Sales in the OLIVE CLOSE, IP27 9RP

See the table below for more details on the sold house prices in the IP27 9RP, West Suffolk postcode.

Address	Sold Date	Price	% Change
2 OLIVE CLOSETerraced, FreeholdArea: 122 Sq.mtrAge: 1967-1975	03 Feb 2023	£305,000	33.19%
	28 Jun 2018	£229,000	First Sale
6 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	17 Oct 2022	£245,000	44.97%
	07 Aug 2018	£169,000	First Sale
3 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	11 Oct 2022	£225,000	28.57%
	18 Sep 2018	£175,000	First Sale
1 OLIVE CLOSETerraced, FreeholdArea: 139 Sq.mtrAge: 1976-1982	07 Sep 2022	£317,000	33.76%
	26 Sep 2018	£237,000	First Sale
9 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	05 Feb 2019	£174,000	First Sale
14 OLIVE CLOSETerraced, FreeholdArea: 80 Sq.mtrAge: 1976-1982	20 Dec 2018	£170,000	First Sale
7 OLIVE CLOSETerraced, FreeholdArea: 82 Sq.mtrAge: 1976-1982	17 Sep 2018	£174,000	First Sale
5 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	04 Sep 2018	£174,000	First Sale
12 OLIVE CLOSETerraced, FreeholdArea: 84 Sq.mtrAge: 1967-1975	24 Aug 2018	£168,000	First Sale
11 OLIVE CLOSETerraced, FreeholdArea: 80 Sq.mtrAge: 1967-1975	21 Aug 2018	£179,000	First Sale
16 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	02 Aug 2018	£168,000	First Sale
18 OLIVE CLOSETerraced, FreeholdArea: 107 Sq.mtrAge: 1967-1975	27 Jul 2018	£206,000	First Sale
4 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	27 Jul 2018	£170,000	First Sale
10 OLIVE CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	09 Jul 2018	£177,000	First Sale
8 OLIVE CLOSETerraced, FreeholdArea: 107 Sq.mtrAge: 1967-1975	22 Jun 2018	£208,000	First Sale

Check out the sold house prices near the IP27 9RP postcode. Properties currently for saleProperties currently for rent

OLIVE CLOSE, IP27 9RP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP27 9RP 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 IP27 9RP postcode.

Terraced
- The average price is around £176,824 median price is £176,500 Standard Deviation is £43,319 with Total Sold: 584
- The Last 5 Year average price is £225,157 with Total Sold: 108
- The most recent sale happened at this postcode is , 13 SYCAMORE WALK: £221,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 4 ASH CLOSE: £131,950 (Sold on 13 Jan 2014)
Semi-Detached
- The average price is around £170,251 median price is £174,000 Standard Deviation is £50,001 with Total Sold: 87
- The Last 5 Year average price is £231,133 with Total Sold: 15
- The most recent sale happened at this postcode is , 23 OAK LANE: £265,000 (Sold on 21 Jun 2024)
- The first recorded sale happened at this postcode is , 3 BEECH CLOSE: £115,000 (Sold on 13 Jan 2014)
Detached
- The average price is around £197,446 median price is £204,000 Standard Deviation is £43,549 with Total Sold: 57
- The Last 5 Year average price is £227,708 with Total Sold: 12
- The most recent sale happened at this postcode is , 10 APPLE CLOSE: £245,000 (Sold on 07 Dec 2023)
- The first recorded sale happened at this postcode is , 61 : £120,000 (Sold on 23 Jul 1999)
Flat
- The average price is around £188,500 median price is £188,500 Standard Deviation is £24,500 with Total Sold: 2
- The Last 5 Year average price is £213,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 2 REDWOOD LANE: £213,000 (Sold on 31 Oct 2023)
- The first recorded sale happened at this postcode is , 2 REDWOOD LANE: £164,000 (Sold on 23 Mar 2018)
Other
- The average price is around £1,824,661 median price is £200,000 Standard Deviation is £3,656,930 with Total Sold: 12
- The Last 5 Year average price is £233,500 with Total Sold: 1
- The most recent sale happened at this postcode is , 40 BIRCH WALK: £233,500 (Sold on 01 Apr 2021)
- The first recorded sale happened at this postcode is , 11A APPLE CLOSE: £37,400 (Sold on 17 Nov 2017)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£231,333	£2,232	9
2023	£234,917	£2,628	18
2022	£244,667	£2,586	27
2021	£219,426	£2,284	27
2020	£202,815	£2,190	27
2019	£200,038	£2,034	48
2018	£189,675	£1,935	137
2017	£176,699	£1,872	119
2016	£153,829	£1,561	56
2015	£126,750	£1,290	50
2014	£111,846	£1,114	66

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£258,333	£2,750	3
2023	£252,000		1
2022	£242,750	£2,452	4
2021	£198,000	£2,199	3
2020	£218,750	£2,103	4
2019	£202,778	£2,089	9
2018	£195,690	£1,919	21
2017	£180,429	£1,786	7
2016	£125,160	£1,370	5
2015	£132,283	£1,339	6
2014	£113,660	£1,087	24

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£203,750	£1,949	2
2022	£252,833	£2,555	3
2021	£218,333	£2,393	3
2020	£227,875	£2,232	4
2019	£207,100	£1,882	5
2018	£213,381	£1,866	21
2017	£192,000	£1,942	3
2016	£139,962	£1,382	4
2015	£137,950	£1,314	1
2014	£137,325	£1,188	8
2006	£313,000	£1,830	1
2003	£200,000	£1,170	1
1999	£120,000	£702	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£213,000	£2,696	1
2018	£164,000	£2,076	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£233,500	£2,123	1
2019	£145,833	£706	3
2018	£237,506		5
2017	£6,679,133	£66,800	3

House Type in IP27 9RP area

The most common house types in the IP27 9RP postcode area are Terraced (16), Semi-detached (11), and Detached (10).

Total	44
Terraced	16
Semi-detached	11
Detached	10
Flat	6
Shared house	1
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Other private rented (20), and Private rented: Private landlord or letting agency (9).

Private rented: Other private rented	20
Private rented: Private landlord or letting agency	9
Social rented: Other social rented	8
Owned: Owns with a mortgage or loan	7
Social rented: Rents from council or Local Authority	3
Does not apply	0
Owned: Owns outright	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the IP27 9RP have 1 person in household (17), and 2 people in household (10).

1 person in household	17
2 people in household	10
4 people in household	10
3 people in household	7
5 people in household	1
6 people in household	1
7 people in household	1
0 people in household	0
8 or more people in household	0