Housing Market Analysis for CHESTNUT CLOSE, IP31 2RW

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £234,500 median price is £234,500 Standard Deviation is £115,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 3 CHESTNUT CLOSE: £350,000 (Sold on 03 Feb 2017)
    • The first recorded sale happened at this postcode is 1 CHESTNUT CLOSE: £119,000 (Sold on 16 Jul 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2RW 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£350,000 £2,652 1
1999£119,0001

All the Sales in the CHESTNUT CLOSE, IP31 2RW

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

AddressSold DatePrice% Change
3 CHESTNUT CLOSEDetached, FreeholdArea: 132 Sq.mtrAge: 1967-197503 Feb 2017£350,000First Sale
1 CHESTNUT CLOSEDetached, Freehold16 Jul 1999£119,000First Sale

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

CHESTNUT CLOSE, IP31 2RW Near By properties

Interactive Map

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

  • Detached
    • The average price is around £335,970 median price is £303,000 Standard Deviation is £207,766 with Total Sold: 430
    • The Last 5 Year average price is £574,565 with Total Sold: 54
    • 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 £197,885 median price is £186,750 Standard Deviation is £95,694 with Total Sold: 30
    • 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 £215,597 median price is £209,000 Standard Deviation is £124,205 with Total Sold: 39
    • 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£473,750 £3,625 10
2022£576,308 £4,532 13
2021£673,654 £3,559 13
2020£518,321 £3,271 14
2019£500,760 £3,185 11
2018£442,167 £3,450 6
2017£473,188 £3,629 21
2016£410,906 £3,400 16
2015£437,067 £2,993 15
2014£434,600 £2,936 10
2013£404,823 £2,419 15
2012£400,958 £2,464 12
2011£338,041 £2,654 11
2010£341,346 £2,344 13
2009£383,497 £2,342 15
2008£388,562 £1,693 8
2007£370,962 £2,486 13
2006£381,435 £2,272 23
2005£329,682 £1,748 11
2004£338,025 £1,887 18
2003£249,091 £1,772 11
2002£261,453 £1,672 13
2001£220,172 £1,340 20
2000£199,056 £1,273 17
1999£163,111 £1,275 18
1998£156,633 £894 15
1997£125,988 £827 30
1996£108,700 £794 14
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
2018£230,400 £2,560 1
2017£160,000 £4,571 1
2016£233,667 £2,803 3
2015£275,400 £2,829 3
2014£186,000 £2,662 3
2012£162,500 £1,506 2
2009£200,000 £1,712 2
2007£225,000 £2,101 1
2005£147,000 £1,633 1
2004£108,000 £2,919 1
2003£158,983 £1,472 3
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
2016£193,000 £2,924 1
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£168,000 £2,273 2
2005£277,0001
2003£270,833 £1,547 3
2002£130,568 £977 4
2000£135,000 £804 1
1999£87,500 £1,151 1
1998£87,000 £1,223 2
1997£84,7833
1996£85,750 £1,028 2
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 2RW area

The most common house types in the IP31 2RW 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 2RW 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