Housing Market Analysis for PENNY LANE, IP3 8UX

Are you looking to understand IP3 8UX 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 East Suffolk postcode.

For the location information and nearby amenities in the IP3 8UX area, explore the IP3 8UX Area information page.
For comprehensive crime statistics in the IP3 8UX area, explore the IP3 8UX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP3 8UX postcode area, The average prices are as follows,

  • Detached
    • The average price is around £246,115 median price is £225,000 Standard Deviation is £105,021 with Total Sold: 13
    • The Last 5 Year average price is £363,600 with Total Sold: 5
    • The most recent sale happened at this postcode is 2 PENNY LANE: £398,000 (Sold on 09 Oct 2023)
    • The first recorded sale happened at this postcode is 10 PENNY LANE: £92,000 (Sold on 17 Sep 1999)
  • Terraced
    • The average price is around £125,299 median price is £140,000 Standard Deviation is £51,339 with Total Sold: 13
    • The Last 5 Year average price is £217,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 19 PENNY LANE: £217,000 (Sold on 12 Mar 2021)
    • The first recorded sale happened at this postcode is 17 PENNY LANE: £44,950 (Sold on 10 Jan 1997)
  • Semi-Detached
    • The average price is around £166,749 median price is £166,998 Standard Deviation is £41,722 with Total Sold: 4
    • The most recent sale happened at this postcode is 5 PENNY LANE: £223,000 (Sold on 31 Aug 2018)
    • The first recorded sale happened at this postcode is 11 PENNY LANE: £110,000 (Sold on 25 Oct 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average IP3 8UX 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
2023£398,000 £2,884 2
2022£336,000 £3,483 2
2021£350,000 £3,182 1
2015£230,000 £2,323 1
2011£220,000 £1,701 1
2009£194,0001
2007£225,000 £2,273 1
2005£202,000 £1,562 1
2001£124,0001
2000£94,5001
1999£92,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£217,000 £2,973 1
2015£178,000 £2,373 1
2013£165,000 £2,200 1
2011£150,000 £2,055 1
2009£140,000 £1,446 1
2008£128,000 £1,754 1
2007£163,0001
2006£149,995 £2,000 1
2001£91,498 £1,080 2
1998£55,000 £754 1
1997£49,950 £733 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£223,000 £3,097 1
2003£166,998 £1,968 2
2002£110,000 £1,746 1

All the Sales in the PENNY LANE, IP3 8UX

See the table below for more details on the sold house prices in the IP3 8UX, East Suffolk postcode.

AddressSold DatePrice% Change
2 PENNY LANEDetached, FreeholdArea: 138 Sq.mtrAge: 1983-199009 Oct 2023£398,0000.0
09 Oct 2023£398,000First Sale
12 PENNY LANEDetached, FreeholdArea: 83 Sq.mtrAge: 1983-199007 Jun 2022£300,000First Sale
8 PENNY LANEDetached, FreeholdArea: 111 Sq.mtrAge: 1983-199020 Apr 2022£372,000First Sale
6 PENNY LANEDetached, FreeholdArea: 110 Sq.mtrAge: 1983-199001 Sep 2021£350,000First Sale
19 PENNY LANETerraced, FreeholdArea: 72.98 Sq.mtrAge: 1991-199512 Mar 2021£217,00044.67%
09 Dec 2011£150,00017.19%
04 Aug 2008£128,000132.73%
16 Jun 1998£55,000First Sale
5 PENNY LANESemi-Detached, FreeholdArea: 72 Sq.mtrAge: 1991-199531 Aug 2018£223,00048.67%
10 Dec 2003£149,995First Sale
4 PENNY LANEDetached, FreeholdArea: 99 Sq.mtrAge: 2003-200610 Aug 2015£230,0002.22%
27 Nov 2007£225,000First Sale
7 PENNY LANETerraced, FreeholdArea: 75 Sq.mtrAge: 1991-199510 Apr 2015£178,0007.88%
11 Apr 2013£165,00010.00%
12 Jun 2006£149,99566.67%
11 Jun 2001£89,99563.78%
18 Apr 1997£54,950First Sale
18 PENNY LANEDetached, FreeholdArea: 129.3 Sq.mtrAge: 1991-199514 Dec 2011£220,0008.91%
28 Jun 2005£202,000First Sale
10 PENNY LANEDetached, Freehold21 Sep 2009£194,000110.87%
17 Sep 1999£92,000First Sale
15 PENNY LANETerraced, FreeholdArea: 96.79 Sq.mtrAge: 1996-200223 Jun 2009£140,00050.54%
31 Aug 2001£93,000First Sale
9 PENNY LANETerraced, Freehold11 May 2007£163,000First Sale
14 PENNY LANESemi-Detached, FreeholdArea: 99.26 Sq.mtrAge: 1991-199504 Dec 2003£184,000First Sale
11 PENNY LANESemi-Detached, FreeholdArea: 63 Sq.mtrAge: 1983-199025 Oct 2002£110,000First Sale
1 PENNY LANEDetached, Freehold15 Jun 2001£124,000First Sale
3 PENNY LANEDetached, Freehold31 Oct 2000£94,500First Sale
17 PENNY LANETerraced, Freehold10 Jan 1997£44,950First Sale

Check out the sold house prices near the IP3 8UX postcode. Properties currently for saleProperties currently for rent

PENNY LANE, IP3 8UX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP3 8UX 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 IP3 8UX postcode.

  • Flat
    • The average price is around £81,938 median price is £90,000 Standard Deviation is £35,294 with Total Sold: 132
    • The Last 5 Year average price is £129,167 with Total Sold: 15
    • The most recent sale happened at this postcode is , 23 MILL ROAD DRIVE: £123,000 (Sold on 09 Aug 2024)
    • The first recorded sale happened at this postcode is , 31 MILL ROAD DRIVE: £31,000 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £236,891 median price is £210,000 Standard Deviation is £163,683 with Total Sold: 422
    • The Last 5 Year average price is £434,335 with Total Sold: 51
    • The most recent sale happened at this postcode is , 11 BERRY CLOSE: £365,000 (Sold on 02 Aug 2024)
    • The first recorded sale happened at this postcode is , 1 BRAMBLE DRIVE: £60,000 (Sold on 20 Jan 1995)
  • Terraced
    • The average price is around £161,333 median price is £170,000 Standard Deviation is £76,045 with Total Sold: 166
    • The Last 5 Year average price is £257,542 with Total Sold: 24
    • The most recent sale happened at this postcode is , 32 MILL ROAD DRIVE: £250,000 (Sold on 25 Jul 2024)
    • The first recorded sale happened at this postcode is , 31 ESSEX WAY: £42,000 (Sold on 06 Jan 1995)
  • Semi-Detached
    • The average price is around £175,267 median price is £183,000 Standard Deviation is £75,862 with Total Sold: 251
    • The Last 5 Year average price is £281,037 with Total Sold: 27
    • The most recent sale happened at this postcode is , 3 HOLLY CLOSE: £285,000 (Sold on 22 Nov 2023)
    • The first recorded sale happened at this postcode is , 29 MILL ROAD DRIVE: £36,000 (Sold on 20 Jan 1995)
  • Other
    • The average price is around £2,850,257 median price is £862,500 Standard Deviation is £3,324,569 with Total Sold: 24
    • The Last 5 Year average price is £4,217,756 with Total Sold: 13
    • The most recent sale happened at this postcode is , 01-Jul BLUESTEM ROAD: £5,500,000 (Sold on 25 May 2023)
    • The first recorded sale happened at this postcode is , 7 EDISON CLOSE: £675,000 (Sold on 29 Jan 2013)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£123,0001
2023£137,167 £2,970 6
2022£138,000 £3,204 2
2021£136,500 £3,074 2
2019£110,625 £2,516 4
2018£114,050 £2,413 5
2017£105,000 £2,252 1
2016£97,750 £2,048 4
2015£104,833 £2,109 3
2014£97,000 £1,970 4
2013£83,667 £1,589 3
2012£95,000 £1,975 3
2011£84,450 £2,529 5
2010£100,298 £2,056 2
2008£110,000 £2,234 4
2007£107,332 £2,269 3
2006£107,3754
2005£112,022 £2,363 16
2004£104,833 £1,813 3
2003£80,417 £1,812 6
2002£71,475 £1,439 2
2001£52,313 £1,088 11
2000£51,642 £1,081 7
1999£41,861 £1,303 4
1998£36,175 £742 8
1997£34,150 £748 6
1996£33,875 £776 8
1995£31,450 £698 5
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£362,500 £3,713 4
2023£488,529 £3,644 14
2022£427,021 £3,631 8
2021£314,583 £3,034 6
2020£404,350 £2,921 10
2019£501,611 £3,000 9
2018£449,383 £2,950 15
2017£364,300 £2,873 10
2016£279,036 £2,727 11
2015£265,600 £2,396 10
2014£276,091 £2,436 11
2013£324,700 £2,433 10
2012£225,308 £2,145 13
2011£272,050 £2,049 10
2010£225,545 £2,202 11
2009£217,000 £1,916 9
2008£270,112 £2,072 4
2007£309,121 £2,251 16
2006£289,321 £2,098 14
2005£205,918 £1,699 13
2004£254,178 £1,776 25
2003£187,462 £1,629 21
2002£188,984 £1,534 30
2001£166,205 £1,348 21
2000£142,287 £1,202 23
1999£152,914 £1,091 30
1998£91,556 £874 26
1997£80,700 £814 17
1996£74,272 £705 9
1995£71,229 £714 12
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£250,0001
2023£300,625 £3,322 4
2022£247,507 £4,010 3
2021£275,643 £2,880 7
2020£252,167 £2,952 3
2019£216,667 £3,012 6
2018£228,500 £2,583 5
2017£191,375 £3,283 4
2016£230,375 £2,667 4
2015£198,000 £2,351 9
2014£170,286 £2,242 7
2013£194,500 £1,813 3
2012£138,817 £2,127 3
2011£167,750 £2,111 4
2010£165,249 £2,071 4
2009£115,000 £1,984 3
2008£158,582 £2,005 6
2007£152,357 £2,367 7
2006£148,983 £2,087 11
2005£165,012 £2,077 8
2004£181,306 £1,974 18
2003£151,305 £1,708 11
2002£91,814 £1,647 7
2001£72,570 £1,198 7
2000£66,083 £1,050 6
1999£43,248 £989 2
1998£51,500 £892 2
1997£45,486 £784 7
1996£43,000 £811 2
1995£37,000 £819 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£338,750 £3,166 4
2022£305,333 £3,305 6
2021£299,214 £3,165 7
2020£222,500 £3,198 2
2019£232,688 £3,042 8
2018£224,875 £3,046 8
2017£255,643 £2,629 7
2016£253,749 £2,644 6
2015£246,690 £2,473 5
2014£190,742 £2,136 6
2013£181,665 £2,109 3
2012£185,300 £1,799 5
2011£181,944 £2,041 9
2010£205,449 £1,755 5
2009£151,000 £1,947 5
2008£227,083 £2,051 6
2007£193,188 £2,112 13
2006£176,090 £2,043 11
2005£166,206 £1,911 15
2004£179,428 £1,742 25
2003£174,626 £1,642 30
2002£162,645 £1,598 21
2001£72,388 £1,350 9
2000£67,439 £1,237 5
1999£54,375 £882 4
1998£52,562 £865 8
1997£53,194 £870 9
1996£57,600 £774 5
1995£46,625 £776 4
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£5,500,0002
2022£1,224,5004
2021£7,410,0002
2020£6,540,9413
2019£2,245,0002
2018£374,1202
2017£115,0001
2016£8,400,0001
2015£568,7754
2014£681,0002
2013£675,0001

House Type in IP3 8UX area

The most common house types in the IP3 8UX postcode area are Flat (48), Detached (47), and Terraced (8).

Total111
Flat48
Detached47
Terraced8
Semi-detached7
Shared house1
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (42), and Private rented: Private landlord or letting agency (33).

Owned: Owns with a mortgage or loan42
Private rented: Private landlord or letting agency33
Owned: Owns outright29
Private rented: Other private rented3
Social rented: Other social rented2
Social rented: Rents from council or Local Authority1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the IP3 8UX have 1 person in household (45), and 2 people in household (35).

1 person in household45
2 people in household35
3 people in household16
4 people in household9
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0