Housing Market Analysis for PARK LANE, IP31 2RG

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £436,000 median price is £436,000 Standard Deviation is £99,000 with Total Sold: 2
    • The most recent sale happened at this postcode is THE DOWER HOUSE PARK LANE: £535,000 (Sold on 30 Sep 2011)
    • The first recorded sale happened at this postcode is THE DOWER HOUSE PARK LANE: £337,000 (Sold on 07 Oct 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2RG 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
2011£535,000 £2,781 1
1999£337,000 £1,752 1

All the Sales in the PARK LANE, IP31 2RG

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

AddressSold DatePrice% Change
THE DOWER HOUSE PARK LANEDetached, FreeholdArea: 192.39 Sq.mtrAge: before 190030 Sep 2011£535,00058.75%
07 Oct 1999£337,000First Sale

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

PARK LANE, IP31 2RG Near By properties

Interactive Map

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

  • Detached
    • The average price is around £360,333 median price is £325,000 Standard Deviation is £234,969 with Total Sold: 305
    • The Last 5 Year average price is £624,821 with Total Sold: 42
    • The most recent sale happened at this postcode is , HOLLY HOUSE COX LANE: £387,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , PARK CROFT THE PARK: £127,500 (Sold on 31 Jan 1995)
  • Other
    • The average price is around £230,375 median price is £142,500 Standard Deviation is £275,993 with Total Sold: 8
    • The Last 5 Year average price is £101,333 with Total Sold: 3
    • The most recent sale happened at this postcode is PLOT 2A, FORGE DEVELOPMENT THE STREET: £50,000 (Sold on 24 Mar 2023)
    • The first recorded sale happened at this postcode is , ELMS FARMHOUSE THE STREET: £890,000 (Sold on 15 Dec 2016)
  • Terraced
    • The average price is around £168,255 median price is £160,000 Standard Deviation is £59,939 with Total Sold: 19
    • The Last 5 Year average price is £176,500 with Total Sold: 1
    • The most recent sale happened at this postcode is , 1 FORGE BUNGALOWS: £176,500 (Sold on 27 Sep 2022)
    • The first recorded sale happened at this postcode is , 28 ELMS CLOSE: £58,000 (Sold on 03 Feb 1995)
  • Semi-Detached
    • The average price is around £214,769 median price is £202,000 Standard Deviation is £128,777 with Total Sold: 26
    • The Last 5 Year average price is £415,667 with Total Sold: 3
    • The most recent sale happened at this postcode is , 14 COX LANE: £225,000 (Sold on 15 Jul 2022)
    • The first recorded sale happened at this postcode is , 11 CONYERS WAY: £78,950 (Sold on 06 Oct 1995)
  • Flat
    • The average price is around £25,231 median price is £23,000 Standard Deviation is £3,966 with Total Sold: 16
    • The most recent sale happened at this postcode is FLAT 9, OAKAMPTON HOUSE EAST BARTON ROAD: £20,700 (Sold on 19 Nov 2009)
    • The first recorded sale happened at this postcode is FLAT 4, OAKAMPTON HOUSE EAST BARTON ROAD: £30,000 (Sold on 08 Sep 1995)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£669,000 £3,889 5
2023£694,167 £4,250 3
2022£579,250 £3,423 8
2021£662,444 £3,614 18
2020£532,125 £3,195 8
2019£515,682 £2,952 11
2018£585,000 £4,396 6
2017£463,814 £3,499 11
2016£400,889 £3,068 9
2015£412,773 £2,904 11
2014£467,286 £2,842 7
2013£466,350 £2,523 11
2012£422,625 £3,382 8
2011£375,071 £2,640 7
2010£348,014 £2,161 11
2009£493,882 £2,084 15
2008£462,750 £1,897 6
2007£328,050 £2,347 10
2006£381,139 £2,050 18
2005£283,188 £1,696 8
2004£323,541 £1,940 11
2003£259,825 £1,484 6
2002£252,671 £1,653 11
2001£205,533 £1,259 15
2000£182,908 £1,337 6
1999£158,357 £1,246 14
1998£145,188 £787 8
1997£124,878 £682 19
1996£105,130 £741 15
1995£110,389 £722 9
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£50,0001
2021£127,000 £877 2
2018£188,000 £1,794 3
2017£85,0001
2016£890,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£176,500 £5,043 1
2018£230,400 £2,560 1
2017£160,000 £4,571 1
2016£233,667 £2,803 3
2015£200,000 £2,222 1
2014£176,500 £2,440 2
2012£162,500 £1,506 2
2009£175,000 £1,492 1
2007£225,000 £2,101 1
2005£147,000 £1,633 1
2004£108,000 £2,919 1
2003£139,975 £1,361 2
1996£58,000 £542 1
1995£58,000 £494 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£298,500 £14,271 2
2021£650,000 £2,632 1
2019£265,000 £2,524 1
2015£240,000 £2,523 2
2014£278,500 £2,422 1
2013£250,000 £2,174 1
2011£160,000 £2,930 1
2010£385,000 £2,249 1
2009£233,362 £2,112 2
2007£209,000 £1,990 1
2006£182,5002
2003£270,833 £1,547 3
2002£53,320 £342 1
2000£135,000 £804 1
1999£72,500 £969 2
1998£87,000 £1,223 2
1996£79,000 £1,028 1
1995£78,950 £669 1
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2009£20,700 £398 1
2007£29,0001
2006£23,000 £426 1
2003£23,000 £460 2
2002£26,000 £435 4
2000£23,0001
1998£23,000 £442 1
1997£27,333 £451 3
1996£23,000 £411 1
1995£30,0001

House Type in IP31 2RG area

The most common house types in the IP31 2RG postcode area are Detached (114), Semi-detached (8), and Terraced (0).

Total122
Detached114
Semi-detached8
Terraced0
Flat0
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (68), and Owned: Owns with a mortgage or loan (46).

Owned: Owns outright68
Owned: Owns with a mortgage or loan46
Private rented: Private landlord or letting agency4
Social rented: Rents from council or Local Authority2
Private rented: Other private rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the IP31 2RG have 2 people in household (57), and 3 people in household (22).

2 people in household57
3 people in household22
1 person in household17
4 people in household17
5 people in household6
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0