Housing Market Analysis for IP31 2LR

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £1,209,750 median price is £1,209,750 Standard Deviation is £374,750 with Total Sold: 2
    • The Last 5 Year average price is £1,584,500 with Total Sold: 1
    • The most recent sale happened at this postcode is MAULKINS HALL FARM: £1,584,500 (Sold on 25 Mar 2022)
    • The first recorded sale happened at this postcode is MAULKINS HALL FARM: £835,000 (Sold on 27 Sep 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2LR 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
2022£1,584,500 £3,746 1
2002£835,000 £1,974 1

All the Sales in the IP31 2LR

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

AddressSold DatePrice% Change
MAULKINS HALL FARMDetached, FreeholdArea: 423 Sq.mtrAge: before 190025 Mar 2022£1,584,50089.76%
27 Sep 2002£835,000First Sale

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

IP31 2LR Near By properties

Interactive Map

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

  • Detached
    • The average price is around £351,154 median price is £320,000 Standard Deviation is £262,414 with Total Sold: 39
    • The Last 5 Year average price is £628,375 with Total Sold: 8
    • The most recent sale happened at this postcode is , WILLOWBANK FEN ROAD: £440,000 (Sold on 28 May 2024)
    • The first recorded sale happened at this postcode is , JUMBANA FEN ROAD: £88,000 (Sold on 08 Dec 1995)
  • Terraced
    • The average price is around £152,800 median price is £152,000 Standard Deviation is £46,258 with Total Sold: 5
    • The Last 5 Year average price is £190,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , LAMBERTS COTTAGE FEN ROAD: £190,000 (Sold on 30 Sep 2020)
    • The first recorded sale happened at this postcode is , SEDGE COTTAGE FEN ROAD: £72,000 (Sold on 13 Jun 2003)
  • Other
    • The average price is around £25,000 median price is £25,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £25,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , BOUNDARY HOUSE FEN ROAD: £25,000 (Sold on 17 Feb 2020)
    • The first recorded sale happened at this postcode is , BOUNDARY HOUSE FEN ROAD: £25,000 (Sold on 17 Feb 2020)
  • Semi-Detached
    • The average price is around £171,710 median price is £202,000 Standard Deviation is £68,539 with Total Sold: 5
    • The most recent sale happened at this postcode is , GREENWOOD COTTAGE FEN ROAD: £230,000 (Sold on 31 Oct 2008)
    • The first recorded sale happened at this postcode is , VINE COTTAGE FEN ROAD: £96,000 (Sold on 16 Apr 1998)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£440,0001
2023£640,000 £3,636 1
2022£1,584,500 £3,746 1
2021£503,333 £2,771 3
2020£426,250 £2,645 2
2019£450,0001
2016£405,000 £2,942 1
2015£277,500 £1,647 2
2013£305,833 £1,939 3
2012£450,0001
2009£159,250 £1,886 2
2008£330,667 £2,228 3
2007£385,0001
2004£357,500 £1,233 2
2003£285,0001
2002£454,250 £1,893 4
2001£178,000 £704 1
2000£157,000 £994 1
1999£183,000 £596 2
1998£130,000 £944 1
1996£124,3333
1995£87,0002
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£190,000 £4,043 1
2015£205,000 £3,596 1
2005£145,0001
2004£152,000 £2,667 1
2003£72,000 £1,263 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£25,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2008£230,0001
2007£247,0001
2005£202,0001
1999£83,5501
1998£96,000 £1,021 1

House Type in IP31 2LR area

The most common house types in the IP31 2LR postcode area are Detached (89), Semi-detached (34), and Terraced (6).

Total130
Detached89
Semi-detached34
Terraced6
converted building1
Flat0
Shared house0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (63), and Owned: Owns with a mortgage or loan (45).

Owned: Owns outright63
Owned: Owns with a mortgage or loan45
Private rented: Private landlord or letting agency18
Private rented: Other private rented4
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 2LR have 2 people in household (55), and 1 person in household (31).

2 people in household55
1 person in household31
3 people in household21
4 people in household20
5 people in household2
6 people in household2
0 people in household0
7 people in household0
8 or more people in household0