Housing Market Analysis for MERE CLOSE, IP31 2PE

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £262,402 median price is £245,000 Standard Deviation is £87,576 with Total Sold: 21
    • The Last 5 Year average price is £336,429 with Total Sold: 7
    • The most recent sale happened at this postcode is 11 MERE CLOSE: £350,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is 16 MERE CLOSE: £159,950 (Sold on 24 Jul 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2PE 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
2024£350,0001
2023£376,250 £4,138 2
2022£305,000 £3,207 2
2019£321,250 £3,994 2
2016£383,000 £3,139 1
2015£300,000 £3,118 2
2014£237,500 £3,321 2
2011£201,000 £2,732 2
2010£245,000 £2,885 1
2009£205,5001
2008£240,0001
2005£199,9951
2001£134,983 £1,622 3

All the Sales in the MERE CLOSE, IP31 2PE

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

AddressSold DatePrice% Change
11 MERE CLOSEDetached, Freehold30 Aug 2024£350,000First Sale
10 MERE CLOSEDetached, FreeholdArea: 95 Sq.mtrAge: 1983-199009 Oct 2023£327,500First Sale
15 MERE CLOSEDetached, FreeholdArea: 88 Sq.mtrAge: 1976-198225 Aug 2023£425,0003.66%
08 Jul 2022£410,000First Sale
13 MERE CLOSEDetached, FreeholdArea: 114 Sq.mtrAge: 1950-196628 Feb 2022£200,000First Sale
LYNCROFT, 2 MERE CLOSEDetached, Freehold12 Sep 2019£335,00097.06%
21 Jul 2011£170,000First Sale
5 MERE CLOSEDetached, FreeholdArea: 77 Sq.mtrAge: 1967-197508 Feb 2019£307,50011.82%
27 Jan 2015£275,00037.50%
16 Apr 2014£200,000First Sale
3 MERE CLOSEDetached, FreeholdArea: 122 Sq.mtrAge: 1967-197507 Apr 2016£383,00017.85%
11 Aug 2015£325,000First Sale
18 MERE CLOSEDetached, FreeholdArea: 68 Sq.mtrAge: 1950-196624 Oct 2014£275,000First Sale
7 MERE CLOSEDetached, FreeholdArea: 84.92 Sq.mtr26 Jul 2011£232,000-5.31%
11 Jun 2010£245,000First Sale
12 MERE CLOSEDetached, Freehold30 Oct 2009£205,5002.75%
20 Dec 2005£199,995First Sale
9 MERE CLOSEDetached, Freehold18 Apr 2008£240,000First Sale
14 MERE CLOSEDetached, FreeholdArea: 74 Sq.mtrAge: 1967-197526 Oct 2001£120,000First Sale
6 MERE CLOSEDetached, Freehold19 Sep 2001£125,000First Sale
16 MERE CLOSEDetached, Freehold24 Jul 2001£159,950First Sale

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

MERE CLOSE, IP31 2PE Near By properties

Interactive Map

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

  • Detached
    • The average price is around £262,950 median price is £245,000 Standard Deviation is £125,211 with Total Sold: 167
    • The Last 5 Year average price is £404,051 with Total Sold: 32
    • The most recent sale happened at this postcode is , 11 MERE CLOSE: £350,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 34 BARTON HAMLET: £86,000 (Sold on 04 Jan 1995)
  • Flat
    • The average price is around £153,222 median price is £153,000 Standard Deviation is £5,613 with Total Sold: 18
    • The Last 5 Year average price is £153,222 with Total Sold: 18
    • The most recent sale happened at this postcode is FLAT 5, BARLEY HOUSE MERE FARM LANE: £150,000 (Sold on 22 Dec 2021)
    • The first recorded sale happened at this postcode is FLAT 4, BARLEY HOUSE MERE FARM LANE: £160,000 (Sold on 19 Nov 2021)
  • Semi-Detached
    • The average price is around £168,556 median price is £98,500 Standard Deviation is £105,516 with Total Sold: 9
    • The Last 5 Year average price is £325,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , 8 MOORELAND DRIVE: £335,000 (Sold on 16 Dec 2021)
    • The first recorded sale happened at this postcode is , ROSEMERE THURSTON ROAD: £85,000 (Sold on 30 Mar 1995)
  • Terraced
    • The average price is around £146,636 median price is £136,000 Standard Deviation is £85,365 with Total Sold: 14
    • The Last 5 Year average price is £220,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 4, BROOKLYN COTTAGES THURSTON ROAD: £220,000 (Sold on 10 Sep 2021)
    • The first recorded sale happened at this postcode is 4, BROOKLYN COTTAGES THURSTON ROAD: £54,900 (Sold on 10 Feb 1997)
  • Other
    • The average price is around £925,000 median price is £925,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , DRAKE & SCULL HOUSE : £925,000 (Sold on 27 Oct 2017)
    • The first recorded sale happened at this postcode is , DRAKE & SCULL HOUSE : £925,000 (Sold on 27 Oct 2017)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£350,0001
2023£405,083 £3,807 6
2022£456,000 £3,528 9
2021£387,500 £3,685 4
2020£385,826 £3,296 5
2019£366,571 £3,577 7
2018£287,750 £3,215 2
2017£327,500 £2,993 4
2016£418,188 £3,210 8
2015£313,857 £2,977 7
2014£297,805 £2,770 9
2013£349,568 £2,081 4
2012£270,862 £2,767 4
2011£262,707 £2,404 7
2010£328,400 £2,398 5
2009£213,100 £2,389 5
2008£288,180 £1,964 6
2007£242,143 £2,612 7
2006£246,625 £1,626 6
2005£201,694 £1,987 9
2004£213,750 £2,453 4
2003£221,983 £1,250 3
2002£169,286 £1,665 7
2001£163,606 £1,211 9
2000£174,833 £819 3
1999£104,993 £921 7
1998£79,075 £725 6
1997£104,701 £913 7
1996£89,333 £864 3
1995£71,433 £792 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£153,222 £3,520 18
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£325,000 £4,071 2
2014£265,000 £2,944 1
2003£205,0001
2001£98,500 £1,296 1
1999£74,750 £1,145 2
1997£64,000 £842 1
1995£85,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£220,000 £3,385 1
2017£375,000 £2,820 1
2013£173,000 £2,662 1
2010£118,494 £1,525 2
2009£149,500 £2,380 2
2006£241,009 £1,812 1
2004£127,0001
2003£121,0001
1999£68,333 £1,114 3
1997£54,900 £845 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£925,0001

House Type in IP31 2PE area

The most common house types in the IP31 2PE postcode area are Detached (96), Terraced (11), and Semi-detached (6).

Total116
Detached96
Terraced11
Semi-detached6
Shared house1
commercial building1
temporary structure1
Flat0
converted building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (82), and Owned: Owns with a mortgage or loan (31).

Owned: Owns outright82
Owned: Owns with a mortgage or loan31
Private rented: Private landlord or letting agency5
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the IP31 2PE have 2 people in household (55), and 1 person in household (38).

2 people in household55
1 person in household38
3 people in household15
4 people in household8
5 people in household1
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0