Housing Market Analysis for GROVE LANE, IP31 2AR

Are you looking to understand IP31 2AR 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 IP31 2AR area, explore the IP31 2AR Area information page.
For comprehensive crime statistics in the IP31 2AR area, explore the IP31 2AR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP31 2AR postcode area, The average prices are as follows,

  • Other
    • The average price is around £352,956 median price is £390,000 Standard Deviation is £287,716 with Total Sold: 9
    • The Last 5 Year average price is £308,800 with Total Sold: 7
    • The most recent sale happened at this postcode is M G F INDUSTRIAL TECHNIQUES SHEPHERDS GROVE INDUSTRIAL ESTATE: £750,000 (Sold on 17 Oct 2023)
    • The first recorded sale happened at this postcode is UNIT 5, O'BRIEN GROVE INDUSTRIAL ESTATE GROVE LANE: £390,000 (Sold on 12 Dec 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2AR 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£750,0002
2021£420,0001
2020£99,0002
2019£21,8002
2017£625,0001
2016£390,0001

All the Sales in the GROVE LANE, IP31 2AR

See the table below for more details on the sold house prices in the IP31 2AR, West Suffolk postcode.

AddressSold DatePrice% Change
M G F INDUSTRIAL TECHNIQUES SHEPHERDS GROVE INDUSTRIAL ESTATEOther, Freehold17 Oct 2023£750,0000.0
17 Oct 2023£750,000First Sale
UNIT 23A SHEPHERDS GROVE INDUSTRIAL ESTATEOther, Freehold15 Jan 2021£420,000438.46%
10 Feb 2020£78,000First Sale
UNIT 23C SHEPHERDS GROVE INDUSTRIAL ESTATEOther, Freehold08 Jul 2020£120,000First Sale
CELL SITE 93261 SHEPHERDS GROVE INDUSTRIAL ESTATEOther, Leasehold02 Sep 2019£3,600First Sale
ANIMAX LTD SHEPHERDS GROVE INDUSTRIAL ESTATEOther, Freehold11 Jun 2019£40,000-93.60%
10 Nov 2017£625,000First Sale
UNIT 5, O'BRIEN GROVE INDUSTRIAL ESTATE GROVE LANEOther, Freehold12 Dec 2016£390,000First Sale

Check out the sold house prices near the IP31 2AR postcode. Properties currently for saleProperties currently for rent

GROVE LANE, IP31 2AR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP31 2AR 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 IP31 2AR postcode.

  • Other
    • The average price is around £417,860 median price is £405,000 Standard Deviation is £360,882 with Total Sold: 10
    • The Last 5 Year average price is £395,450 with Total Sold: 8
    • The most recent sale happened at this postcode is , M G F INDUSTRIAL TECHNIQUES SHEPHERDS GROVE INDUSTRIAL ESTATE: £750,000 (Sold on 17 Oct 2023)
    • The first recorded sale happened at this postcode is UNIT 5, O'BRIEN GROVE INDUSTRIAL ESTATE GROVE LANE: £390,000 (Sold on 12 Dec 2016)
  • Detached
    • The average price is around £244,722 median price is £230,000 Standard Deviation is £77,185 with Total Sold: 9
    • The most recent sale happened at this postcode is , ELMSIDE UPTHORPE ROAD: £315,000 (Sold on 19 Jan 2012)
    • The first recorded sale happened at this postcode is , PENNY MEAD UPTHORPE ROAD: £145,000 (Sold on 03 Oct 1997)

Sold Price Trend Over the Years:

House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£750,0001
2022£1,200,000 £4,563 1
2021£420,0001
2020£99,0002
2019£198,5333
2017£625,0001
2016£390,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2012£315,000 £2,582 1
2003£303,750 £1,469 2
2002£210,0001
2001£230,0001
2000£242,500 £2,205 1
1998£226,250 £817 2
1997£145,000 £551 1

House Type in IP31 2AR area

The most common house types in the IP31 2AR postcode area are Semi-detached (69), Detached (36), and Terraced (2).

Total109
Semi-detached69
Detached36
Terraced2
temporary structure2
Flat0
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (45), and Owned: Owns with a mortgage or loan (37).

Owned: Owns outright45
Owned: Owns with a mortgage or loan37
Private rented: Private landlord or letting agency18
Private rented: Other private rented8
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the IP31 2AR have 2 people in household (44), and 1 person in household (22).

2 people in household44
1 person in household22
4 people in household22
3 people in household19
5 people in household2
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0