Housing Market Analysis for MICHAELHOUSE WAY, IP31 2XG

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

Overview of Sold House prices

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

Detached
- The average price is around £132,172 median price is £145,000 Standard Deviation is £71,781 with Total Sold: 37
- The Last 5 Year average price is £265,500 with Total Sold: 3
- The most recent sale happened at this postcode is 27 MICHAELHOUSE WAY: £325,000 (Sold on 18 Sep 2023)
- The first recorded sale happened at this postcode is 8 MICHAELHOUSE WAY: £49,000 (Sold on 31 Mar 1995)
Semi-Detached
- The average price is around £116,237 median price is £125,000 Standard Deviation is £49,798 with Total Sold: 23
- The Last 5 Year average price is £191,000 with Total Sold: 4
- The most recent sale happened at this postcode is 6 MICHAELHOUSE WAY: £230,000 (Sold on 10 Jul 2023)
- The first recorded sale happened at this postcode is 9 MICHAELHOUSE WAY: £44,500 (Sold on 22 Mar 1996)
Terraced
- The average price is around £128,250 median price is £144,250 Standard Deviation is £57,272 with Total Sold: 4
- The Last 5 Year average price is £190,000 with Total Sold: 1
- The most recent sale happened at this postcode is 7 MICHAELHOUSE WAY: £190,000 (Sold on 05 Apr 2019)
- The first recorded sale happened at this postcode is 26 MICHAELHOUSE WAY: £34,500 (Sold on 30 Aug 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 2XG 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£325,000	£3,779	1
2022	£237,500	£3,847	1
2019	£234,000	£4,520	1
2018	£276,500	£2,491	1
2014	£152,500	£3,026	1
2013	£171,250	£2,163	2
2011	£145,000	£2,636	1
2010	£168,000	£2,586	3
2008	£165,000		1
2007	£176,495		1
2006	£166,667	£2,520	3
2005	£155,667	£2,923	3
2003	£160,250	£2,189	2
2002	£125,000	£2,183	2
2001	£65,000	£1,301	2
2000	£78,500	£1,516	1
1999	£62,500	£1,190	2
1998	£65,000	£990	2
1996	£60,475	£915	2
1995	£41,983	£749	5

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£230,000	£4,510	1
2022	£189,000	£4,200	1
2021	£180,000	£4,615	1
2020	£165,000	£3,235	1
2014	£122,500	£3,141	1
2012	£125,000		1
2009	£135,000	£2,673	2
2008	£131,500		1
2007	£140,000	£2,745	1
2006	£136,750		2
2005	£107,500		1
2004	£120,500	£2,510	2
2003	£122,000		1
2002	£82,000		1
2001	£79,950		1
1998	£52,000		1
1997	£35,750	£716	2
1996	£45,500	£912	2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£190,000	£3,725	1
2015	£146,000	£2,808	1
2013	£142,500	£2,794	1
1996	£34,500		1

All the Sales in the MICHAELHOUSE WAY, IP31 2XG

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

Address	Sold Date	Price	% Change
27 MICHAELHOUSE WAYDetached, FreeholdArea: 86 Sq.mtrAge: 1991-1995	18 Sep 2023	£325,000	First Sale
6 MICHAELHOUSE WAYSemi-Detached, FreeholdArea: 51 Sq.mtrAge: 1991-1995	10 Jul 2023	£230,000	79.69%
	03 Mar 2004	£128,000	First Sale
23 MICHAELHOUSE WAYSemi-Detached, FreeholdArea: 45 Sq.mtrAge: 1983-1990	29 Jul 2022	£189,000	First Sale
34 MICHAELHOUSE WAYDetached, FreeholdArea: 61.73 Sq.mtr	17 May 2022	£237,500	35.72%
34 MICHAELHOUSE WAYDetached, FreeholdArea: 61.73 Sq.mtr	13 Jan 2010	£174,999	First Sale
22 MICHAELHOUSE WAYSemi-Detached, FreeholdArea: 39 Sq.mtrAge: 1991-1995	03 Dec 2021	£180,000	46.94%
	18 Dec 2014	£122,500	First Sale
33 MICHAELHOUSE WAYSemi-Detached, FreeholdArea: 51 Sq.mtrAge: 1983-1990	21 Aug 2020	£165,000	17.86%
	23 Jan 2009	£140,000	0.0
	05 Jun 2007	£140,000	283.56%
	28 Nov 1997	£36,500	First Sale
14 MICHAELHOUSE WAYDetached, FreeholdArea: 51.77 Sq.mtrAge: 1976-1982	25 Oct 2019	£234,000	46.25%
	25 Feb 2005	£160,000	25.00%
	27 Feb 2003	£128,000	63.06%
	18 Aug 2000	£78,500	First Sale
7 MICHAELHOUSE WAYTerraced, FreeholdArea: 51 Sq.mtrAge: 1991-1995	05 Apr 2019	£190,000	33.33%
	06 Dec 2013	£142,500	206.45%
	06 Dec 1996	£46,500	First Sale
40 MICHAELHOUSE WAYDetached, FreeholdArea: 111 Sq.mtrAge: 1991-1995	20 Jul 2018	£276,500	First Sale
24 MICHAELHOUSE WAYTerraced, FreeholdArea: 52 Sq.mtrAge: 1996-2002	13 Mar 2015	£146,000	First Sale
19 MICHAELHOUSE WAYDetached, FreeholdArea: 50.4 Sq.mtrAge: 1991-1995	06 Nov 2014	£152,500	17.31%
	02 Feb 2010	£130,000	44.44%
	24 May 2002	£90,000	50.00%
	01 Jun 1999	£60,000	First Sale
46 MICHAELHOUSE WAYDetached, FreeholdArea: 62 Sq.mtrAge: 1983-1990	23 Aug 2013	£150,000	-6.25%
	22 Nov 2002	£160,000	166.89%
	19 Jul 1996	£59,950	First Sale
42 MICHAELHOUSE WAYDetached, FreeholdArea: 101 Sq.mtrAge: 1996-2002	25 Jan 2013	£192,500	0.0
	16 May 2003	£192,500	First Sale
35 MICHAELHOUSE WAYSemi-Detached, Freehold	03 Dec 2012	£125,000	-7.41%
	08 Dec 2006	£135,000	159.62%
	30 Oct 1998	£52,000	First Sale
25 MICHAELHOUSE WAYDetached, FreeholdArea: 55 Sq.mtrAge: 1991-1995	05 Jul 2011	£145,000	First Sale
1 MICHAELHOUSE WAYDetached, FreeholdArea: 84.88 Sq.mtrAge: 1967-1975	19 Mar 2010	£199,000	7.57%
	27 Jan 2006	£185,000	First Sale
31 MICHAELHOUSE WAYSemi-Detached, FreeholdArea: 50 Sq.mtrAge: 1991-1995	11 Feb 2009	£130,000	First Sale
17 MICHAELHOUSE WAYSemi-Detached, Freehold	18 Jun 2008	£131,500	22.33%
	29 Apr 2005	£107,500	-4.87%
	01 Oct 2004	£113,000	First Sale
8 MICHAELHOUSE WAYDetached, Freehold	02 Apr 2008	£165,000	334.21%
	11 May 2001	£38,000	-41.54%
	27 Aug 1999	£65,000	32.65%
	31 Mar 1995	£49,000	First Sale
3 MICHAELHOUSE WAYDetached, Freehold	05 Sep 2007	£176,495	2.61%
	03 Feb 2005	£172,000	186.67%
	07 Apr 1998	£60,000	First Sale
29 MICHAELHOUSE WAYDetached, FreeholdArea: 70.74 Sq.mtrAge: 1991-1995	20 Oct 2006	£167,000	81.52%
	22 Jun 2001	£92,000	31.43%
	30 Oct 1998	£70,000	14.75%
	29 Jul 1996	£61,000	First Sale
9 MICHAELHOUSE WAYSemi-Detached, Freehold	15 Sep 2006	£138,500	68.90%
	01 Mar 2002	£82,000	2.56%
	27 Jul 2001	£79,950	79.66%
	22 Mar 1996	£44,500	First Sale
36 MICHAELHOUSE WAYDetached, FreeholdArea: 49 Sq.mtrAge: 1996-2002	14 Jul 2006	£148,000	9.63%
	30 Sep 2005	£135,000	First Sale
15 MICHAELHOUSE WAYSemi-Detached, Freehold	24 Jul 2003	£122,000	First Sale
4 MICHAELHOUSE WAYSemi-Detached, Freehold	23 May 1997	£35,000	First Sale
26 MICHAELHOUSE WAYTerraced, Freehold	30 Aug 1996	£34,500	First Sale
5 MICHAELHOUSE WAYDetached, Freehold	01 Dec 1995	£60,000	First Sale
30 MICHAELHOUSE WAYDetached, Freehold	14 Aug 1995	£50,965	First Sale
32 MICHAELHOUSE WAYDetached, FreeholdArea: 50 Sq.mtrAge: 1991-1995	31 Jul 1995	£37,465	First Sale
11 MICHAELHOUSE WAYDetached, Freehold	07 Apr 1995	£12,487	First Sale

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

MICHAELHOUSE WAY, IP31 2XG Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £144,370 median price is £140,000 Standard Deviation is £72,724 with Total Sold: 304
- The Last 5 Year average price is £239,922 with Total Sold: 48
- 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 , MILL HOUSE OLD BURY ROAD: £60,000 (Sold on 03 Apr 1995)
Other
- The average price is around £326,000 median price is £298,000 Standard Deviation is £138,407 with Total Sold: 8
- The Last 5 Year average price is £323,400 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 , ROSE & CROWN BURY ROAD: £296,000 (Sold on 03 Sep 2014)
Detached
- The average price is around £199,722 median price is £183,000 Standard Deviation is £121,683 with Total Sold: 377
- The Last 5 Year average price is £344,704 with Total Sold: 54
- The most recent sale happened at this postcode is , 22 HONEYMEADE CLOSE: £347,000 (Sold on 01 Mar 2024)
- The first recorded sale happened at this postcode is , 7 FORDHAMS CLOSE: £69,000 (Sold on 11 Jan 1995)
Terraced
- The average price is around £123,208 median price is £120,248 Standard Deviation is £67,467 with Total Sold: 180
- The Last 5 Year average price is £208,724 with Total Sold: 29
- The most recent sale happened at this postcode is , 9 GILBERT ROAD: £245,000 (Sold on 28 Nov 2023)
- The first recorded sale happened at this postcode is , 2 STURGEON WAY: £35,785 (Sold on 30 Jun 1995)
Flat
- The average price is around £77,613 median price is £71,250 Standard Deviation is £20,070 with Total Sold: 38
- The Last 5 Year average price is £90,167 with Total Sold: 6
- The most recent sale happened at this postcode is , 3 FIELD COURT: £90,000 (Sold on 15 Jun 2023)
- The first recorded sale happened at this postcode is , 40 THE STREET: £33,500 (Sold on 02 Jul 1999)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£242,600	£2,955	5
2023	£264,000	£3,402	5
2022	£241,692	£3,308	13
2021	£236,825	£2,933	10
2020	£234,278	£2,736	9
2019	£227,417	£2,451	6
2018	£191,125	£2,863	4
2017	£216,600	£3,262	5
2016	£207,832	£2,813	18
2015	£214,150	£2,688	10
2014	£166,207	£2,330	19
2013	£162,977	£1,994	11
2012	£133,571	£2,333	7
2011	£94,500	£1,454	1
2010	£141,333	£2,108	9
2009	£148,450	£2,460	11
2008	£161,600	£2,087	5
2007	£173,099	£2,504	9
2006	£152,384	£2,508	13
2005	£152,272	£2,148	11
2004	£117,867	£2,091	12
2003	£124,932	£1,780	14
2002	£102,031	£1,287	16
2001	£70,128	£945	7
2000	£77,075	£917	20
1999	£55,700	£769	12
1998	£68,342	£859	13
1997	£44,228	£646	14
1996	£49,790	£742	11
1995	£45,812	£851	4

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£305,000		1
2023	£362,333	£3,576	3
2021	£225,000	£1,630	1
2017	£347,500	£2,150	2
2014	£296,000		1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£347,000	£2,844	1
2023	£383,333	£3,451	6
2022	£343,958	£3,867	12
2021	£351,900	£3,282	15
2020	£318,300	£2,794	5
2019	£331,300	£3,335	15
2018	£290,496	£2,774	12
2017	£316,050	£2,793	10
2016	£274,031	£2,523	16
2015	£262,250	£2,694	8
2014	£262,977	£2,368	22
2013	£199,950	£2,312	10
2012	£188,144	£2,076	10
2011	£261,389	£2,097	9
2010	£202,500	£2,218	10
2009	£179,287	£1,955	13
2008	£256,143	£2,346	7
2007	£279,386	£2,411	11
2006	£197,833	£2,191	12
2005	£190,404	£2,051	11
2004	£184,658	£1,816	18
2003	£118,368	£1,574	17
2002	£178,850	£1,871	12
2001	£123,666	£1,190	15
2000	£168,333	£1,259	12
1999	£85,050	£911	10
1998	£83,412	£804	21
1997	£76,068	£691	22
1996	£65,817	£621	17
1995	£60,606	£715	18

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£217,071	£3,411	7
2022	£191,000	£3,713	5
2021	£238,417	£2,787	6
2020	£176,000	£2,908	6
2019	£218,400	£3,183	5
2018	£199,250	£2,874	4
2017	£186,000	£2,577	3
2016	£186,874	£2,437	8
2015	£184,799	£2,623	5
2014	£161,135	£2,566	7
2013	£118,750	£2,681	2
2012	£119,375	£2,006	4
2011	£108,136	£2,082	7
2010	£126,500	£2,124	2
2009	£125,000	£2,154	1
2008	£132,000	£2,050	1
2007	£160,032	£1,944	6
2006	£141,116	£2,336	15
2005	£141,929	£1,847	7
2004	£119,667	£2,012	3
2003	£115,494	£1,717	8
2002	£87,268	£1,245	11
2001	£62,688	£987	8
2000	£55,883	£1,022	9
1999	£59,731	£842	8
1998	£53,350	£915	7
1997	£40,707	£725	14
1996	£52,000	£666	6
1995	£37,927	£777	5

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£90,000	£3,103	1
2022	£93,375	£2,916	4
2019	£77,500	£2,422	1
2017	£89,500	£2,481	3
2016	£98,083	£2,286	6
2015	£70,000	£2,360	4
2014	£68,378	£2,009	14
2013	£72,500	£1,925	2
2004	£85,000		1
2001	£50,500		1
1999	£33,500		1

House Type in IP31 2XG area

The most common house types in the IP31 2XG postcode area are Detached (81), Semi-detached (30), and Terraced (18).

Total	131
Detached	81
Semi-detached	30
Terraced	18
Flat	2
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (71), and Owned: Owns with a mortgage or loan (36).

Owned: Owns outright	71
Owned: Owns with a mortgage or loan	36
Private rented: Private landlord or letting agency	8
Private rented: Other private rented	6
Social rented: Rents from council or Local Authority	5
Shared ownership: Shared ownership	3
Social rented: Other social rented	3
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the IP31 2XG have 2 people in household (48), and 1 person in household (38).

2 people in household	48
1 person in household	38
3 people in household	23
4 people in household	13
5 people in household	6
7 people in household	1
0 people in household	0
6 people in household	0
8 or more people in household	0