Housing Market Analysis for SCHOOL ROAD, IP31 2RT

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £278,250 median price is £271,500 Standard Deviation is £157,112 with Total Sold: 4
    • The most recent sale happened at this postcode is FERMAIN SCHOOL ROAD: £420,000 (Sold on 18 Aug 2017)
    • The first recorded sale happened at this postcode is RAMBLERS SCHOOL ROAD: £123,000 (Sold on 01 Nov 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2RT 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
2017£420,000 £4,884 1
2014£450,000 £2,528 1
1999£120,0001
1996£123,000 £691 1

All the Sales in the SCHOOL ROAD, IP31 2RT

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

AddressSold DatePrice% Change
FERMAIN SCHOOL ROADDetached, FreeholdArea: 86 Sq.mtrAge: 1950-196618 Aug 2017£420,000First Sale
RAMBLERS SCHOOL ROADDetached, FreeholdArea: 178 Sq.mtrAge: before 190021 Oct 2014£450,000265.85%
01 Nov 1996£123,000First Sale
CORNER COTTAGE SCHOOL ROADDetached, Freehold17 Dec 1999£120,000First Sale

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

SCHOOL ROAD, IP31 2RT Near By properties

Interactive Map

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

  • Detached
    • The average price is around £331,722 median price is £300,000 Standard Deviation is £210,265 with Total Sold: 367
    • The Last 5 Year average price is £562,302 with Total Sold: 48
    • The most recent sale happened at this postcode is , MIRYAM THE STREET: £492,000 (Sold on 28 Aug 2024)
    • The first recorded sale happened at this postcode is , 12 THE COPPICE: £156,000 (Sold on 20 Jan 1995)
  • Terraced
    • The average price is around £214,408 median price is £215,000 Standard Deviation is £109,690 with Total Sold: 20
    • The Last 5 Year average price is £307,300 with Total Sold: 5
    • The most recent sale happened at this postcode is , WILLOW COTTAGE, 4 CONYERS GREEN: £500,000 (Sold on 25 Apr 2024)
    • 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 £228,179 median price is £215,000 Standard Deviation is £127,307 with Total Sold: 33
    • The Last 5 Year average price is £362,417 with Total Sold: 6
    • The most recent sale happened at this postcode is , THE COTTAGE LIVERMERE ROAD: £320,000 (Sold on 05 Jun 2023)
    • The first recorded sale happened at this postcode is , PRIMROSE COTTAGE MILL ROAD: £85,000 (Sold on 01 Feb 1995)
  • Other
    • The average price is around £226,556 median price is £150,000 Standard Deviation is £258,391 with Total Sold: 9
    • The Last 5 Year average price is £98,167 with Total Sold: 6
    • 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)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£695,750 £3,889 4
2023£434,688 £3,681 8
2022£556,455 £4,300 11
2021£686,458 £3,623 12
2020£490,115 £3,271 13
2019£500,760 £3,185 11
2018£459,200 £3,478 5
2017£454,639 £3,518 14
2016£410,393 £3,461 14
2015£425,429 £2,997 14
2014£450,857 £3,044 7
2013£395,382 £2,434 14
2012£405,591 £2,519 11
2011£376,369 £2,865 8
2010£333,864 £2,355 11
2009£389,464 £2,254 14
2008£388,562 £1,693 8
2007£303,333 £2,329 6
2006£396,275 £2,271 20
2005£308,312 £1,809 8
2004£331,830 £1,981 15
2003£245,000 £1,772 10
2002£261,453 £1,672 13
2001£218,734 £1,324 19
2000£199,381 £1,299 13
1999£168,429 £1,323 14
1998£130,350 £891 10
1997£127,560 £812 28
1996£109,858 £782 12
1995£107,275 £851 20
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£500,0001
2022£243,250 £4,870 2
2021£275,000 £3,395 1
2020£275,000 £4,167 1
2017£160,000 £4,571 1
2016£273,000 £2,110 2
2015£313,100 £3,132 2
2014£205,000 £3,106 1
2009£200,000 £1,712 2
2007£225,000 £2,101 1
2003£173,475 £1,485 2
2000£87,500 £1,326 1
1997£39,000 £591 1
1996£58,000 £542 1
1995£58,000 £494 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£320,000 £4,638 1
2022£372,000 £3,543 1
2021£506,250 £2,632 2
2020£235,000 £3,616 2
2019£356,667 £2,929 3
2015£240,000 £2,393 2
2014£278,500 £2,422 1
2013£250,000 £2,174 1
2010£355,000 £2,316 1
2009£232,112 £2,112 2
2007£209,000 £1,990 1
2006£186,0001
2003£270,833 £1,547 3
2002£134,257 £977 3
2000£135,000 £804 1
1999£87,500 £1,151 1
1998£87,000 £1,223 2
1997£103,9752
1996£79,000 £1,028 1
1995£81,975 £669 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£100,0002
2022£67,5002
2021£127,000 £877 2
2018£280,000 £3,564 2
2016£890,0001

House Type in IP31 2RT area

The most common house types in the IP31 2RT postcode area are Detached (114), Semi-detached (15), and Terraced (1).

Total131
Detached114
Semi-detached15
Terraced1
temporary structure1
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 (83), and Owned: Owns with a mortgage or loan (39).

Owned: Owns outright83
Owned: Owns with a mortgage or loan39
Private rented: Private landlord or letting agency8
Shared ownership: Shared ownership1
Private rented: Other private rented1
Does not apply0
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 2RT have 2 people in household (63), and 3 people in household (26).

2 people in household63
3 people in household26
1 person in household20
4 people in household15
5 people in household6
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0