Housing Market Analysis for GEORGE LANE, IP31 2UB

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £443,750 median price is £533,000 Standard Deviation is £188,773 with Total Sold: 4
    • The most recent sale happened at this postcode is ELLAN VANNIN GEORGE LANE: £580,000 (Sold on 26 Jan 2018)
    • The first recorded sale happened at this postcode is HOMESTEAD GEORGE LANE: £124,000 (Sold on 28 Aug 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2UB 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
2018£580,000 £2,990 1
2017£585,000 £3,179 1
2015£486,000 £2,641 1
1996£124,0001

All the Sales in the GEORGE LANE, IP31 2UB

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

AddressSold DatePrice% Change
ELLAN VANNIN GEORGE LANEDetached, FreeholdArea: 194 Sq.mtrAge: 1967-197526 Jan 2018£580,000First Sale
WILLOW GARTH GEORGE LANEDetached, FreeholdArea: 184 Sq.mtrAge: 1983-199003 Feb 2017£585,00020.37%
21 Oct 2015£486,000First Sale
HOMESTEAD GEORGE LANEDetached, Freehold28 Aug 1996£124,000First Sale

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

GEORGE LANE, IP31 2UB Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £120,397 median price is £125,000 Standard Deviation is £66,270 with Total Sold: 53
    • The Last 5 Year average price is £239,167 with Total Sold: 6
    • The most recent sale happened at this postcode is , 4 CAPELL WALK: £250,000 (Sold on 13 Jun 2024)
    • The first recorded sale happened at this postcode is 6, DENBIES BARNINGHAM ROAD: £42,000 (Sold on 26 May 1995)
  • Other
    • The average price is around £339,400 median price is £300,000 Standard Deviation is £127,010 with Total Sold: 5
    • The Last 5 Year average price is £339,400 with Total Sold: 5
    • The most recent sale happened at this postcode is , PEACE HAVEN DUKE STREET: £305,000 (Sold on 15 Apr 2024)
    • The first recorded sale happened at this postcode is UNIT 9, GEORGE HILL UNITS BARNINGHAM ROAD: £225,000 (Sold on 30 Jun 2021)
  • Terraced
    • The average price is around £104,976 median price is £100,000 Standard Deviation is £60,613 with Total Sold: 35
    • The Last 5 Year average price is £183,167 with Total Sold: 6
    • The most recent sale happened at this postcode is , 1 PADDOCK VIEW: £230,000 (Sold on 05 Apr 2024)
    • The first recorded sale happened at this postcode is 4, DENBIES BARNINGHAM ROAD: £28,500 (Sold on 30 Nov 1995)
  • Detached
    • The average price is around £223,469 median price is £204,000 Standard Deviation is £126,246 with Total Sold: 126
    • The Last 5 Year average price is £363,130 with Total Sold: 15
    • The most recent sale happened at this postcode is , HOLLYBUSH DUKE STREET: £300,000 (Sold on 01 Nov 2023)
    • The first recorded sale happened at this postcode is , FIELD VIEW DALE ROAD: £90,000 (Sold on 11 Jan 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£250,0001
2023£225,000 £4,327 1
2022£255,000 £3,842 2
2021£250,000 £3,247 1
2020£200,000 £2,564 1
2018£210,000 £3,042 2
2017£185,000 £3,104 1
2015£173,000 £2,858 2
2014£159,750 £2,208 4
2012£102,500 £2,770 1
2010£147,000 £2,827 1
2009£133,333 £2,368 3
2007£156,995 £2,039 1
2006£152,000 £1,987 2
2005£157,500 £2,188 1
2004£129,000 £1,985 3
2003£102,707 £1,516 4
2002£91,975 £1,869 2
2001£71,499 £935 4
2000£89,250 £1,352 2
1998£57,000 £717 6
1997£23,125 £565 2
1996£45,000 £720 3
1995£39,500 £608 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£292,5002
2023£443,500 £4,254 2
2021£225,000 £1,630 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£230,0001
2023£175,000 £2,778 1
2021£200,000 £2,985 1
2020£172,000 £2,685 2
2019£150,000 £2,542 1
2017£159,167 £2,415 3
2016£170,667 £2,834 3
2013£105,625 £1,558 2
2010£97,5001
2007£138,250 £2,388 2
2004£109,0002
2003£87,833 £1,493 3
2002£74,0001
2001£45,2502
1999£45,7252
1998£43,0001
1997£30,2502
1996£28,4752
1995£34,167 £687 3
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£300,000 £2,752 1
2022£340,000 £4,497 1
2021£488,990 £3,365 5
2020£360,000 £2,022 1
2019£286,000 £3,332 7
2018£379,667 £2,748 6
2017£340,200 £2,944 10
2016£274,688 £2,510 8
2015£255,083 £2,987 6
2014£252,125 £2,188 8
2013£208,000 £2,314 2
2012£247,167 £2,206 3
2011£222,000 £2,622 3
2010£223,750 £2,103 4
2009£163,990 £1,853 5
2008£225,000 £1,304 2
2007£262,500 £2,844 4
2006£202,000 £2,092 3
2005£165,665 £1,650 3
2004£206,000 £1,811 3
2003£205,000 £1,308 3
2002£218,000 £1,778 3
2001£139,833 £1,235 3
2000£121,000 £1,109 2
1999£94,667 £957 3
1998£104,225 £915 8
1997£68,886 £468 7
1996£75,135 £453 7
1995£93,850 £646 5

House Type in IP31 2UB area

The most common house types in the IP31 2UB postcode area are Detached (97), Semi-detached (16), and Terraced (12).

Total126
Detached97
Semi-detached16
Terraced12
Shared house1
Flat0
converted building0
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 (43).

Owned: Owns outright63
Owned: Owns with a mortgage or loan43
Private rented: Private landlord or letting agency17
Private rented: Other private rented3
Shared ownership: Shared ownership1
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 2UB have 2 people in household (51), and 1 person in household (32).

2 people in household51
1 person in household32
3 people in household24
4 people in household15
5 people in household3
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0