Housing Market Analysis for RICHER CLOSE, IP31 3ET

Are you looking to understand IP31 3ET 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 Mid Suffolk postcode.

For the location information and nearby amenities in the IP31 3ET area, explore the IP31 3ET Area information page.
For comprehensive crime statistics in the IP31 3ET area, explore the IP31 3ET Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP31 3ET postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £107,430 median price is £90,498 Standard Deviation is £54,124 with Total Sold: 10
    • The Last 5 Year average price is £207,500 with Total Sold: 1
    • The most recent sale happened at this postcode is 37 RICHER CLOSE: £207,500 (Sold on 31 Mar 2021)
    • The first recorded sale happened at this postcode is 37 RICHER CLOSE: £59,000 (Sold on 18 Sep 1998)
  • Detached
    • The average price is around £143,833 median price is £93,500 Standard Deviation is £93,581 with Total Sold: 3
    • The most recent sale happened at this postcode is 5 RICHER CLOSE: £275,000 (Sold on 25 Sep 2017)
    • The first recorded sale happened at this postcode is 5 RICHER CLOSE: £63,000 (Sold on 17 Feb 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average IP31 3ET 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£207,500 £2,964 1
2015£166,000 £2,338 1
2013£152,000 £2,054 1
2011£120,500 £1,656 2
2002£82,498 £1,143 2
2001£33,800 £352 1
1999£50,0001
1998£59,000 £843 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£275,000 £3,438 1
2001£93,500 £1,169 1
1995£63,000 £788 1

All the Sales in the RICHER CLOSE, IP31 3ET

See the table below for more details on the sold house prices in the IP31 3ET, Mid Suffolk postcode.

AddressSold DatePrice% Change
37 RICHER CLOSESemi-Detached, FreeholdArea: 70 Sq.mtrAge: 1967-197531 Mar 2021£207,500159.38%
15 Feb 2002£80,00035.59%
18 Sep 1998£59,000First Sale
5 RICHER CLOSEDetached, FreeholdArea: 80 Sq.mtrAge: 1967-197525 Sep 2017£275,000194.12%
03 Aug 2001£93,50048.41%
17 Feb 1995£63,000First Sale
10 RICHER CLOSESemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1967-197502 Jul 2015£166,00072.92%
27 Jun 2011£96,000First Sale
19 RICHER CLOSESemi-Detached, FreeholdArea: 74 Sq.mtrAge: 1950-196621 Mar 2013£152,0004.83%
16 Sep 2011£145,000First Sale
6 RICHER CLOSESemi-Detached, Freehold28 Mar 2002£84,995First Sale
23 RICHER CLOSESemi-Detached, FreeholdArea: 96 Sq.mtrAge: 1967-197526 Feb 2001£33,800First Sale
12 RICHER CLOSESemi-Detached, Freehold09 Jul 1999£50,000First Sale

Check out the sold house prices near the IP31 3ET postcode. Properties currently for saleProperties currently for rent

RICHER CLOSE, IP31 3ET Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP31 3ET 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 3ET postcode.

  • Detached
    • The average price is around £285,165 median price is £247,498 Standard Deviation is £182,606 with Total Sold: 216
    • The Last 5 Year average price is £494,347 with Total Sold: 39
    • The most recent sale happened at this postcode is , WILLOWCROFT LANGHAM ROAD: £595,000 (Sold on 19 Jun 2024)
    • The first recorded sale happened at this postcode is , THE PINES RICHER ROAD: £63,000 (Sold on 04 Jan 1995)
  • Semi-Detached
    • The average price is around £158,855 median price is £163,500 Standard Deviation is £76,532 with Total Sold: 81
    • The Last 5 Year average price is £249,944 with Total Sold: 9
    • The most recent sale happened at this postcode is , 7 ST MARYS CRESCENT: £195,000 (Sold on 02 Nov 2023)
    • The first recorded sale happened at this postcode is , COLUMBINE COTTAGE THE STREET: £44,250 (Sold on 28 Feb 1995)
  • Other
    • The average price is around £352,500 median price is £295,000 Standard Deviation is £291,316 with Total Sold: 11
    • The Last 5 Year average price is £511,000 with Total Sold: 5
    • The most recent sale happened at this postcode is , WHITE HORSE INN THE STREET: £410,000 (Sold on 20 Oct 2023)
    • The first recorded sale happened at this postcode is , OLD PIT COTTAGE RICHER ROAD: £625,000 (Sold on 22 Dec 2016)
  • Terraced
    • The average price is around £143,278 median price is £153,000 Standard Deviation is £65,180 with Total Sold: 30
    • The Last 5 Year average price is £230,000 with Total Sold: 4
    • The most recent sale happened at this postcode is , 8 BACK LANE: £270,000 (Sold on 31 May 2022)
    • The first recorded sale happened at this postcode is , MYRTLE COTTAGE THE STREET: £52,000 (Sold on 18 Sep 1995)
  • Flat
    • The average price is around £86,250 median price is £86,250 Standard Deviation is £8,750 with Total Sold: 2
    • The most recent sale happened at this postcode is , 1 ORCHARD WAY: £95,000 (Sold on 25 May 2017)
    • The first recorded sale happened at this postcode is , 1 ORCHARD WAY: £77,500 (Sold on 14 Nov 2013)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£595,0001
2023£615,000 £3,746 2
2022£494,333 £3,633 3
2021£524,326 £3,162 17
2020£511,250 £3,070 8
2019£371,000 £3,201 8
2018£365,833 £3,093 6
2017£438,214 £3,132 7
2016£405,417 £3,373 6
2015£362,500 £2,474 8
2014£311,833 £2,285 6
2013£221,120 £2,151 5
2012£283,429 £2,559 7
2011£262,000 £2,001 4
2010£304,648 £2,154 8
2009£250,115 £1,881 13
2008£268,146 £2,275 7
2007£288,211 £2,227 14
2006£235,749 £2,137 4
2005£244,421 £1,980 7
2004£254,989 £1,990 9
2003£331,000 £2,120 7
2002£216,612 £1,383 4
2001£144,675 £1,155 8
2000£137,939 £1,171 9
1999£214,000 £1,724 3
1998£110,114 £880 7
1997£80,554 £807 12
1996£67,140 £692 10
1995£88,325 £737 6
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£207,500 £3,704 2
2022£290,000 £3,812 2
2021£271,125 £2,814 4
2020£170,000 £2,576 1
2018£212,333 £2,887 3
2017£169,750 £2,321 3
2016£207,625 £2,819 4
2015£210,900 £2,397 5
2014£172,375 £2,136 4
2013£202,833 £2,190 6
2012£169,500 £2,483 3
2011£145,333 £1,899 3
2009£156,000 £2,040 2
2008£173,249 £2,159 5
2007£173,090 £2,351 5
2006£104,602 £1,456 2
2005£162,500 £1,838 1
2004£158,500 £2,134 4
2003£134,000 £1,977 2
2002£111,909 £1,412 5
2001£68,933 £876 3
2000£75,000 £1,110 1
1999£56,875 £968 4
1998£57,000 £770 2
1997£52,500 £594 1
1995£45,688 £778 4
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£330,0002
2020£800,000 £3,767 2
2019£295,000 £1,586 1
2018£115,000 £536 2
2017£155,833 £3,155 3
2016£625,000 £3,956 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£239,000 £3,266 2
2021£227,000 £3,547 1
2019£215,000 £2,622 1
2016£213,333 £2,832 3
2015£167,250 £2,295 2
2014£195,000 £2,321 1
2013£151,000 £2,359 1
2011£167,500 £2,170 2
2007£196,750 £2,244 2
2006£115,500 £1,582 2
2005£170,000 £2,297 1
2004£155,000 £1,890 1
2003£55,000 £786 1
2002£84,975 £1,164 2
2001£81,975 £1,202 2
2000£79,950 £1,249 1
1999£69,250 £834 2
1998£59,000 £702 1
1996£55,000 £859 1
1995£52,000 £634 1
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£95,000 £1,357 1
2013£77,500 £1,107 1

House Type in IP31 3ET area

The most common house types in the IP31 3ET postcode area are Detached (112), Semi-detached (46), and Terraced (24).

Total182
Detached112
Semi-detached46
Terraced24
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 (89), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright89
Owned: Owns with a mortgage or loan41
Social rented: Rents from council or Local Authority24
Private rented: Private landlord or letting agency21
Social rented: Other social rented5
Private rented: Other private rented4
Shared ownership: Shared ownership1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the IP31 3ET have 2 people in household (74), and 1 person in household (60).

2 people in household74
1 person in household60
3 people in household29
4 people in household12
5 people in household6
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0