Housing Market Analysis for NEWMARKET ROAD, IP28 8RZ

Are you looking to understand IP28 8RZ 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 IP28 8RZ area, explore the IP28 8RZ Area information page.
For comprehensive crime statistics in the IP28 8RZ area, explore the IP28 8RZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP28 8RZ postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £655,000 median price is £655,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £655,000 with Total Sold: 1
    • The most recent sale happened at this postcode is OLD FORGE NEWMARKET ROAD: £655,000 (Sold on 29 Mar 2023)
    • The first recorded sale happened at this postcode is OLD FORGE NEWMARKET ROAD: £655,000 (Sold on 29 Mar 2023)
  • Detached
    • The average price is around £480,857 median price is £370,000 Standard Deviation is £358,701 with Total Sold: 7
    • The Last 5 Year average price is £1,200,000 with Total Sold: 1
    • The most recent sale happened at this postcode is THE RED HOUSE NEWMARKET ROAD: £1,200,000 (Sold on 26 Nov 2021)
    • The first recorded sale happened at this postcode is THE COTTAGE NEWMARKET ROAD: £440,000 (Sold on 03 Sep 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average IP28 8RZ 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£655,000 £3,149 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£1,200,000 £3,252 1
2014£585,000 £2,326 2
2012£182,500 £3,072 1
2008£240,000 £4,040 1
2003£133,500 £2,247 1
2001£440,0001

All the Sales in the NEWMARKET ROAD, IP28 8RZ

See the table below for more details on the sold house prices in the IP28 8RZ, West Suffolk postcode.

AddressSold DatePrice% Change
OLD FORGE NEWMARKET ROADSemi-Detached, FreeholdArea: 208 Sq.mtrAge: before 190029 Mar 2023£655,000First Sale
THE RED HOUSE NEWMARKET ROADDetached, FreeholdArea: 369 Sq.mtrAge: 1930-194926 Nov 2021£1,200,00050.00%
01 Aug 2014£800,000First Sale
SAFFRON HOUSE NEWMARKET ROADDetached, FreeholdArea: 149 Sq.mtrAge: 1983-199016 May 2014£370,000First Sale
FLINT LODGE NEWMARKET ROADDetached, FreeholdArea: 59.4 Sq.mtrAge: 1950-196631 Oct 2012£182,500-23.96%
14 Apr 2008£240,00079.78%
04 Jul 2003£133,500First Sale
THE COTTAGE NEWMARKET ROADDetached, Freehold03 Sep 2001£440,000First Sale

Check out the sold house prices near the IP28 8RZ postcode. Properties currently for saleProperties currently for rent

NEWMARKET ROAD, IP28 8RZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP28 8RZ 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 IP28 8RZ postcode.

  • Detached
    • The average price is around £377,571 median price is £327,000 Standard Deviation is £246,328 with Total Sold: 92
    • The Last 5 Year average price is £667,192 with Total Sold: 13
    • The most recent sale happened at this postcode is , WORLINGTON HOUSE MILDENHALL ROAD: £1,000,000 (Sold on 15 Jul 2024)
    • The first recorded sale happened at this postcode is , CRANFORD MILDENHALL ROAD: £130,000 (Sold on 31 Jan 1995)
  • Semi-Detached
    • The average price is around £189,707 median price is £155,000 Standard Deviation is £145,566 with Total Sold: 29
    • The Last 5 Year average price is £390,000 with Total Sold: 6
    • The most recent sale happened at this postcode is , 8 THE STREET: £640,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is 1, HALL COTTAGES MILDENHALL ROAD: £52,000 (Sold on 26 Jan 1995)
  • Other
    • The average price is around £632,750 median price is £768,000 Standard Deviation is £260,063 with Total Sold: 4
    • The Last 5 Year average price is £632,750 with Total Sold: 4
    • The most recent sale happened at this postcode is , 8 THE STREET: £185,000 (Sold on 01 Jun 2023)
    • The first recorded sale happened at this postcode is , THE CHESTNUTS : £810,000 (Sold on 07 Feb 2020)
  • Terraced
    • The average price is around £102,625 median price is £100,000 Standard Deviation is £55,588 with Total Sold: 8
    • The most recent sale happened at this postcode is , 2 ALL SAINTS WALK: £121,000 (Sold on 05 Oct 2012)
    • The first recorded sale happened at this postcode is , 14 THE STREET: £80,000 (Sold on 24 Aug 1995)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£820,0002
2022£675,000 £2,000 2
2021£904,375 £3,666 4
2020£388,667 £4,344 3
2019£450,000 £3,182 2
2017£465,000 £2,642 1
2016£418,875 £2,146 8
2015£429,167 £3,585 3
2014£506,286 £2,509 7
2013£355,000 £1,473 2
2012£327,500 £3,252 2
2011£327,333 £3,208 3
2010£420,000 £2,079 1
2009£350,000 £2,303 1
2008£571,167 £4,040 6
2007£210,0001
2006£381,750 £2,189 4
2005£175,000 £909 2
2004£363,333 £1,451 3
2003£298,643 £1,161 7
2002£253,167 £1,347 3
2001£348,000 £1,346 4
2000£280,000 £1,497 1
1999£193,750 £1,050 8
1998£132,000 £1,927 2
1997£132,333 £963 6
1995£141,125 £506 4
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£640,0001
2023£655,000 £3,149 1
2022£253,333 £1,885 3
2021£285,000 £3,132 1
2016£230,000 £2,173 1
2015£210,000 £1,984 1
2014£195,000 £2,143 1
2013£180,000 £1,592 1
2009£120,000 £1,705 1
2008£152,0001
2007£248,0001
2005£150,5002
2003£183,333 £1,703 3
2002£164,2502
2001£94,0002
1999£120,0001
1998£71,250 £394 2
1997£52,0001
1996£46,5001
1995£49,0002
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£185,000 £995 1
2022£800,0001
2021£736,000 £2,005 1
2020£810,000 £2,418 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2012£121,000 £2,017 1
2010£180,000 £1,592 1
2009£120,000 £1,825 1
2007£186,0001
2000£27,000 £450 1
1998£60,0001
1996£47,0001
1995£80,000 £372 1

House Type in IP28 8RZ area

The most common house types in the IP28 8RZ postcode area are Detached (126), Semi-detached (47), and Terraced (9).

Total186
Detached126
Semi-detached47
Terraced9
commercial building2
Shared house1
temporary structure1
Flat0
converted building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (87), and Owned: Owns outright (67).

Owned: Owns with a mortgage or loan87
Owned: Owns outright67
Private rented: Private landlord or letting agency17
Social rented: Other social rented9
Private rented: Other private rented6
Shared ownership: Shared ownership2
Social rented: Rents from council or Local Authority2
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the IP28 8RZ have 2 people in household (94), and 1 person in household (35).

2 people in household94
1 person in household35
3 people in household29
4 people in household24
5 people in household4
6 people in household3
0 people in household0
7 people in household0
8 or more people in household0