Housing Market Analysis for REED LANE, IP28 8ZA

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

Overview of Sold House prices

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

Detached
- The average price is around £325,367 median price is £294,000 Standard Deviation is £55,172 with Total Sold: 15
- The Last 5 Year average price is £339,667 with Total Sold: 3
- The most recent sale happened at this postcode is 10 REED LANE: £280,000 (Sold on 18 Jan 2023)
- The first recorded sale happened at this postcode is 18 REED LANE: £445,000 (Sold on 19 Aug 2024)
Semi-Detached
- The average price is around £257,143 median price is £257,500 Standard Deviation is £14,043 with Total Sold: 7
- The Last 5 Year average price is £267,500 with Total Sold: 2
- The most recent sale happened at this postcode is 12 REED LANE: £280,000 (Sold on 19 Feb 2021)
- The first recorded sale happened at this postcode is 6 REED LANE: £257,500 (Sold on 25 Oct 2017)
Other
- The average price is around £273,600 median price is £273,600 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 4 REED LANE: £273,600 (Sold on 30 Mar 2017)
- The first recorded sale happened at this postcode is 4 REED LANE: £273,600 (Sold on 30 Mar 2017)

Sold Price Trend Over the Years:

Below table and chart gives the average IP28 8ZA 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£280,000	£3,333	1
2021	£294,000	£3,000	1
2018	£368,333	£2,624	6
2017	£275,250	£3,047	6
2024	£445,000		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£280,000	£3,415	1
2019	£255,000	£3,110	1
2017	£253,000	£3,194	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£273,600	£3,257	1

All the Sales in the REED LANE, IP28 8ZA

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

Address	Sold Date	Price	% Change
10 REED LANEDetached, FreeholdArea: 84 Sq.mtr	18 Jan 2023	£280,000	1.82%
10 REED LANEDetached, FreeholdArea: 84 Sq.mtr	27 Oct 2017	£275,000	First Sale
11 REED LANEDetached, FreeholdArea: 98 Sq.mtr	06 Aug 2021	£294,000	2.26%
11 REED LANEDetached, FreeholdArea: 98 Sq.mtr	27 Oct 2017	£287,500	First Sale
12 REED LANESemi-Detached, FreeholdArea: 82 Sq.mtr	19 Feb 2021	£280,000	9.80%
	15 Mar 2019	£255,000	-5.56%
	27 Oct 2017	£270,000	First Sale
17 REED LANEDetached, FreeholdArea: 129 Sq.mtr	23 Feb 2018	£360,000	First Sale
19 REED LANEDetached, FreeholdArea: 147 Sq.mtr	16 Feb 2018	£380,000	First Sale
20 REED LANEDetached, FreeholdArea: 149 Sq.mtr	12 Feb 2018	£390,000	First Sale
18 REED LANEDetached, FreeholdArea: 147 Sq.mtr	02 Feb 2018	£380,000	-14.61%
18 REED LANEDetached, FreeholdArea: 147 Sq.mtr	19 Aug 2024	£445,000	First Sale
16 REED LANEDetached, FreeholdArea: 129 Sq.mtr	02 Feb 2018	£355,000	First Sale
14 REED LANEDetached, FreeholdArea: 143 Sq.mtr	19 Jan 2018	£345,000	First Sale
15 REED LANEDetached, FreeholdArea: 98 Sq.mtr	11 Dec 2017	£287,500	First Sale
1 REED LANEDetached, FreeholdArea: 96 Sq.mtr	27 Oct 2017	£267,500	First Sale
9 REED LANESemi-Detached, FreeholdArea: 75 Sq.mtr	27 Oct 2017	£237,500	First Sale
5 REED LANEDetached, FreeholdArea: 84 Sq.mtr	26 Oct 2017	£275,000	First Sale
7 REED LANESemi-Detached, FreeholdArea: 75 Sq.mtr	26 Oct 2017	£240,000	First Sale
3 REED LANEDetached, FreeholdArea: 84 Sq.mtr	26 Oct 2017	£259,000	First Sale
8 REED LANESemi-Detached, FreeholdArea: 82 Sq.mtr	25 Oct 2017	£260,000	First Sale
6 REED LANESemi-Detached, FreeholdArea: 82 Sq.mtr	25 Oct 2017	£257,500	First Sale
4 REED LANEOther, FreeholdArea: 84 Sq.mtr	30 Mar 2017	£273,600	First Sale

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

REED LANE, IP28 8ZA Near By properties

Interactive Map

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

Detached
- The average price is around £275,679 median price is £277,500 Standard Deviation is £87,474 with Total Sold: 426
- The Last 5 Year average price is £316,514 with Total Sold: 148
- The most recent sale happened at this postcode is , 57 MYRTLE LANE: £150,000 (Sold on 18 Sep 2024)
- The first recorded sale happened at this postcode is , 2 WARREN ROAD: £34,000 (Sold on 27 Apr 1995)
Terraced
- The average price is around £201,582 median price is £200,000 Standard Deviation is £45,835 with Total Sold: 231
- The Last 5 Year average price is £242,724 with Total Sold: 46
- The most recent sale happened at this postcode is , 104 HUNDRED ACRE WAY: £245,000 (Sold on 17 Sep 2024)
- The first recorded sale happened at this postcode is , 60 HUNDRED ACRE WAY: £207,000 (Sold on 29 Jun 2007)
Semi-Detached
- The average price is around £221,469 median price is £232,750 Standard Deviation is £55,749 with Total Sold: 300
- The Last 5 Year average price is £238,805 with Total Sold: 109
- The most recent sale happened at this postcode is , 10 OAKLANDS DRIVE: £285,000 (Sold on 05 Aug 2024)
- The first recorded sale happened at this postcode is , 5 FOXGLOVE CLOSE: £72,500 (Sold on 22 Jul 1998)
Other
- The average price is around £1,335,272 median price is £414,000 Standard Deviation is £1,699,280 with Total Sold: 13
- The Last 5 Year average price is £1,341,060 with Total Sold: 4
- The most recent sale happened at this postcode is , TRIANGLE WOOD KENNETT ROAD: £984,000 (Sold on 17 May 2024)
- The first recorded sale happened at this postcode is , 4 LINDEN DRIVE: £6,159,524 (Sold on 10 Jun 2016)
Flat
- The average price is around £136,621 median price is £126,498 Standard Deviation is £29,964 with Total Sold: 26
- The Last 5 Year average price is £180,500 with Total Sold: 4
- The most recent sale happened at this postcode is , 7 BEECH DRIVE: £205,500 (Sold on 12 May 2022)
- The first recorded sale happened at this postcode is , 74 HUNDRED ACRE WAY: £129,995 (Sold on 31 Jul 2007)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£262,625	£1,864	8
2023	£308,712	£2,922	13
2022	£334,571	£3,099	21
2021	£297,475	£2,740	50
2020	£352,620	£3,332	25
2019	£323,048	£3,149	31
2018	£323,907	£2,865	35
2017	£303,828	£2,830	29
2016	£307,125	£2,485	8
2015	£260,969	£2,255	16
2014	£266,917	£2,344	6
2013	£249,235	£2,082	23
2012	£196,959	£2,080	11
2011	£199,575	£1,935	10
2010	£229,247	£1,928	29
2009	£235,058	£1,775	31
2008	£285,560	£2,192	29
2007	£276,786	£2,245	26
2006	£190,000		1
2004	£230,000		1
2000	£134,964	£1,260	7
1999	£141,179	£825	6
1998	£85,000	£783	6
1997	£58,000		1
1996	£46,250		2
1995	£34,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£248,400		5
2023	£250,944	£3,010	9
2022	£266,250	£3,294	6
2021	£259,750	£2,713	6
2020	£216,700	£2,605	10
2019	£234,180	£2,537	10
2018	£236,700	£2,895	10
2017	£228,588	£2,704	17
2016	£208,383	£2,558	9
2015	£198,559	£2,398	17
2014	£176,369	£1,959	8
2013	£161,969	£2,015	16
2012	£179,132	£1,892	11
2011	£188,454	£1,788	13
2010	£179,317	£1,740	11
2009	£173,891	£1,848	36
2008	£188,666	£2,411	21
2007	£204,921	£1,912	16

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£244,700		5
2023	£222,904	£2,364	13
2022	£269,188	£3,064	8
2021	£235,820	£2,673	36
2020	£225,250	£2,651	26
2019	£257,571	£3,030	21
2018	£247,186	£3,027	32
2017	£253,691	£2,958	34
2016	£233,531	£2,396	8
2015	£212,922	£2,232	13
2014	£203,885	£2,053	13
2013	£177,633	£1,909	15
2012	£174,837	£1,971	15
2011	£183,916	£1,832	9
2010	£179,576	£1,941	17
2009	£191,092	£2,025	21
2008	£221,402	£2,175	8
2007	£179,998	£2,471	3
2002	£98,500	£1,257	2
1998	£72,500	£906	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£984,000		1
2023	£292,000	£3,893	1
2022	£283,000	£3,773	1
2020	£3,805,238	£46,405	1
2018	£818,370	£5,569	2
2017	£699,672	£9,732	6
2016	£6,159,524	£47,748	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£205,500	£3,583	1
2021	£160,000	£2,790	1
2020	£178,250	£2,642	2
2017	£183,875	£3,022	2
2016	£153,500	£2,434	2
2015	£120,000	£2,092	1
2014	£145,000	£2,197	1
2012	£128,000	£1,943	4
2011	£145,000	£2,458	1
2010	£111,675	£1,924	8
2009	£105,000	£1,971	2
2007	£129,995	£2,549	1

House Type in IP28 8ZA area

The most common house types in the IP28 8ZA postcode area are Semi-detached (92), Detached (66), and Terraced (26).

Total	192
Semi-detached	92
Detached	66
Terraced	26
Flat	6
Shared house	2
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (108), and Social rented: Other social rented (29).

Owned: Owns with a mortgage or loan	108
Social rented: Other social rented	29
Private rented: Private landlord or letting agency	25
Owned: Owns outright	13
Shared ownership: Shared ownership	13
Social rented: Rents from council or Local Authority	6
Does not apply	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the IP28 8ZA have 2 people in household (80), and 1 person in household (36).

2 people in household	80
1 person in household	36
3 people in household	34
4 people in household	34
5 people in household	7
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0