Housing Market Analysis for MICHIGAN CLOSE, IP5 1HG

Are you looking to understand IP5 1HG 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 IP5 1HG area, explore the IP5 1HG Area information page.
For comprehensive crime statistics in the IP5 1HG area, explore the IP5 1HG Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP5 1HG postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £176,046 median price is £173,000 Standard Deviation is £72,809 with Total Sold: 25
- The Last 5 Year average price is £430,000 with Total Sold: 1
- The most recent sale happened at this postcode is 19 MICHIGAN CLOSE: £430,000 (Sold on 17 May 2022)
- The first recorded sale happened at this postcode is 12 MICHIGAN CLOSE: £71,900 (Sold on 31 Mar 1995)
Detached
- The average price is around £223,999 median price is £230,498 Standard Deviation is £116,723 with Total Sold: 16
- The Last 5 Year average price is £437,500 with Total Sold: 2
- The most recent sale happened at this postcode is 2 MICHIGAN CLOSE: £325,000 (Sold on 04 Jun 2021)
- The first recorded sale happened at this postcode is 31 MICHIGAN CLOSE: £550,000 (Sold on 15 Dec 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average IP5 1HG 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£430,000	£5,000	1
2018	£215,000	£2,945	1
2016	£270,000	£2,673	1
2015	£204,625	£3,054	2
2014	£203,000	£2,859	1
2013	£172,750	£2,524	2
2012	£207,000	£2,194	3
2011	£154,000	£1,740	2
2009	£171,000		1
2008	£215,000		1
2005	£169,333	£2,118	3
2004	£56,000	£651	1
2003	£155,000	£1,752	1
2002	£117,000	£1,238	2
2001	£129,000	£1,180	1
1995	£65,700	£672	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£325,000	£3,633	1
2017	£337,500	£5,625	1
2015	£247,500	£3,096	2
2013	£230,000	£3,238	2
2012	£205,500	£2,543	2
2009	£224,998	£2,835	2
2005	£239,995	£3,077	1
1999	£83,500		1
1998	£78,000	£1,077	2
1995	£76,000		1
2023	£550,000	£4,231	1

All the Sales in the MICHIGAN CLOSE, IP5 1HG

See the table below for more details on the sold house prices in the IP5 1HG, East Suffolk postcode.

Address	Sold Date	Price	% Change
19 MICHIGAN CLOSESemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1950-1966	17 May 2022	£430,000	667.86%
	08 Apr 2004	£56,000	First Sale
2 MICHIGAN CLOSEDetached, FreeholdArea: 89.46 Sq.mtrAge: 1950-1966	04 Jun 2021	£325,000	First Sale
20 MICHIGAN CLOSESemi-Detached, FreeholdArea: 73 Sq.mtrAge: 1950-1966	08 Aug 2018	£215,000	First Sale
25 MICHIGAN CLOSEDetached, FreeholdArea: 60 Sq.mtrAge: 1983-1990	11 Aug 2017	£337,500	60.71%
	08 Nov 2013	£210,000	First Sale
7 MICHIGAN CLOSESemi-Detached, FreeholdArea: 101 Sq.mtrAge: 1967-1975	13 Apr 2016	£270,000	116.00%
	15 Nov 2002	£125,000	First Sale
47 MICHIGAN CLOSESemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1950-1966	09 Jul 2015	£215,000	First Sale
33 MICHIGAN CLOSEDetached, FreeholdArea: 82 Sq.mtrAge: 1950-1966	30 Apr 2015	£245,000	First Sale
39 MICHIGAN CLOSESemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1983-1990	17 Apr 2015	£194,250	10.68%
	24 May 2013	£175,500	First Sale
16 MICHIGAN CLOSEDetached, FreeholdArea: 78 Sq.mtrAge: 1950-1966	01 Apr 2015	£250,000	4.17%
	05 Jul 2005	£239,995	185.71%
	25 Feb 1998	£84,000	First Sale
10 MICHIGAN CLOSESemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1976-1982	12 Dec 2014	£203,000	First Sale
18 MICHIGAN CLOSESemi-Detached, FreeholdArea: 70 Sq.mtrAge: 1967-1975	18 Nov 2013	£170,000	First Sale
49 MICHIGAN CLOSEDetached, FreeholdArea: 84 Sq.mtrAge: 1991-1995	09 Sep 2013	£250,000	First Sale
26 MICHIGAN CLOSEDetached, FreeholdArea: 75 Sq.mtrAge: 1967-1975	19 Dec 2012	£180,000	First Sale
24 MICHIGAN CLOSESemi-Detached, FreeholdArea: 87 Sq.mtrAge: 1967-1975	19 Sep 2012	£195,000	12.72%
	26 Jan 2005	£173,000	First Sale
5 MICHIGAN CLOSESemi-Detached, FreeholdArea: 88.48 Sq.mtrAge: 1967-1975	24 Jul 2012	£206,000	17.71%
	04 May 2005	£175,000	12.90%
	24 Oct 2003	£155,000	160.50%
	05 May 1995	£59,500	First Sale
35 MICHIGAN CLOSEDetached, FreeholdArea: 86 Sq.mtrAge: 1950-1966	25 Feb 2012	£231,000	First Sale
21 MICHIGAN CLOSESemi-Detached, FreeholdArea: 109.35 Sq.mtrAge: 1950-1966	24 Feb 2012	£220,000	70.54%
	25 Sep 2001	£129,000	First Sale
2A MICHIGAN CLOSESemi-Detached, FreeholdArea: 94.43 Sq.mtrAge: 1950-1966	11 Nov 2011	£138,000	First Sale
28 MICHIGAN CLOSESemi-Detached, FreeholdArea: 84.24 Sq.mtrAge: 1950-1966	01 Aug 2011	£170,000	First Sale
27 MICHIGAN CLOSEDetached, FreeholdArea: 81.12 Sq.mtrAge: 1950-1966	09 Nov 2009	£229,995	First Sale
13 MICHIGAN CLOSESemi-Detached, Freehold	27 Jul 2009	£171,000	First Sale
4 MICHIGAN CLOSEDetached, Freehold	21 Apr 2009	£220,000	189.47%
4 MICHIGAN CLOSEDetached, Freehold	20 Mar 1995	£76,000	First Sale
17 MICHIGAN CLOSESemi-Detached, Freehold	31 Jul 2008	£215,000	First Sale
11 MICHIGAN CLOSESemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1967-1975	22 Jun 2005	£160,000	First Sale
41 MICHIGAN CLOSESemi-Detached, Freehold	08 Feb 2002	£109,000	First Sale
14 MICHIGAN CLOSEDetached, Freehold	23 Aug 1999	£83,500	15.97%
14 MICHIGAN CLOSEDetached, Freehold	03 Jul 1998	£72,000	First Sale
12 MICHIGAN CLOSESemi-Detached, Freehold	31 Mar 1995	£71,900	First Sale
31 MICHIGAN CLOSEDetached, FreeholdArea: 130 Sq.mtrAge: 1950-1966	15 Dec 2023	£550,000	First Sale

Check out the sold house prices near the IP5 1HG postcode. Properties currently for saleProperties currently for rent

MICHIGAN CLOSE, IP5 1HG Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP5 1HG 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 IP5 1HG postcode.

Other
- The average price is around £324,299 median price is £165,000 Standard Deviation is £411,966 with Total Sold: 10
- The Last 5 Year average price is £242,285 with Total Sold: 7
- The most recent sale happened at this postcode is , 80 BELL LANE: £538,000 (Sold on 21 Jun 2024)
- The first recorded sale happened at this postcode is , OAKWOOD HOUSE STOLLERY CLOSE: £1,424,996 (Sold on 29 Aug 2014)
Flat
- The average price is around £168,262 median price is £165,000 Standard Deviation is £51,836 with Total Sold: 200
- The Last 5 Year average price is £206,154 with Total Sold: 39
- The most recent sale happened at this postcode is , 18 COX CLOSE: £160,000 (Sold on 06 Jun 2024)
- The first recorded sale happened at this postcode is , 18 HEATH VIEW: £24,000 (Sold on 30 Nov 1995)
Terraced
- The average price is around £158,525 median price is £161,495 Standard Deviation is £70,307 with Total Sold: 287
- The Last 5 Year average price is £255,291 with Total Sold: 43
- The most recent sale happened at this postcode is , 37 QUEBEC DRIVE: £275,000 (Sold on 17 May 2024)
- The first recorded sale happened at this postcode is , 28 WOLTON ROAD: £49,000 (Sold on 10 Feb 1995)
Semi-Detached
- The average price is around £172,291 median price is £169,000 Standard Deviation is £81,617 with Total Sold: 635
- The Last 5 Year average price is £295,841 with Total Sold: 85
- The most recent sale happened at this postcode is , 20 GLANVILLE PLACE: £170,000 (Sold on 13 May 2024)
- The first recorded sale happened at this postcode is , 14 ALBERTA CLOSE: £52,000 (Sold on 05 Jan 1995)
Detached
- The average price is around £220,957 median price is £220,000 Standard Deviation is £105,887 with Total Sold: 861
- The Last 5 Year average price is £358,926 with Total Sold: 125
- The most recent sale happened at this postcode is , 46 PENZANCE ROAD: £460,000 (Sold on 28 Mar 2024)
- The first recorded sale happened at this postcode is , 41 CAMBRIDGE ROAD: £52,000 (Sold on 03 Feb 1995)

Sold Price Trend Over the Years:

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£394,000		2
2021	£525,000		1
2020	£275,000		1
2019	£35,998	£644	3
2016	£61,000	£884	2
2014	£1,424,996	£95,000	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£159,000	£2,599	2
2023	£239,400	£3,939	10
2022	£198,857	£3,173	7
2021	£188,812	£2,935	8
2020	£195,200	£3,380	5
2019	£207,071	£2,985	7
2018	£200,994	£3,224	8
2017	£183,778	£2,946	9
2016	£170,292	£2,536	12
2015	£153,153	£2,321	13
2014	£164,863	£2,455	11
2013	£154,786	£2,252	7
2012	£150,091	£2,187	11
2011	£153,200	£2,053	5
2010	£192,975	£2,727	2
2009	£125,327	£1,975	18
2008	£200,000	£2,703	1
2007	£168,742	£2,604	6
2006	£179,504	£2,538	25
2005	£176,355	£2,698	23
2004	£101,548	£1,605	3
2003	£59,000	£855	1
2002	£61,900	£685	2
1999	£26,250	£417	2
1998	£40,000		1
1995	£24,000	£280	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£290,500	£2,787	3
2023	£277,000	£4,107	5
2022	£262,208	£3,795	12
2021	£241,889	£3,559	9
2020	£237,688	£2,943	8
2019	£249,333	£3,095	6
2018	£216,150	£2,871	10
2017	£224,357	£3,079	14
2016	£205,335	£2,931	17
2015	£209,750	£2,342	8
2014	£176,498	£2,365	3
2013	£152,000	£2,460	7
2012	£160,222	£2,163	9
2011	£191,699	£2,033	5
2010	£167,286	£1,878	7
2009	£167,899	£1,783	5
2008	£150,000	£1,566	3
2007	£164,908	£2,584	11
2006	£164,152	£1,710	13
2005	£151,454	£2,054	20
2004	£147,680	£1,748	19
2003	£134,345	£1,831	10
2002	£118,849	£1,511	29
2001	£69,272	£1,399	9
2000	£73,294	£1,102	5
1999	£57,968	£1,019	8
1998	£54,100	£880	7
1997	£52,500	£792	9
1996	£40,725	£708	12
1995	£56,750	£760	4

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£268,500	£4,041	5
2023	£304,727	£3,777	11
2022	£355,194	£4,154	18
2021	£309,917	£3,483	12
2020	£257,250	£3,322	14
2019	£269,520	£3,345	25
2018	£249,735	£3,480	17
2017	£254,470	£3,176	17
2016	£239,852	£3,107	24
2015	£204,047	£2,621	16
2014	£207,500	£2,915	13
2013	£195,552	£2,382	21
2012	£175,614	£2,365	18
2011	£171,351	£2,336	22
2010	£174,480	£2,194	25
2009	£161,535	£1,975	24
2008	£172,966	£1,925	15
2007	£192,136	£2,331	29
2006	£190,412	£1,995	44
2005	£165,316	£1,915	36
2004	£153,334	£1,643	17
2003	£140,460	£1,774	31
2002	£119,906	£1,468	53
2001	£98,691	£1,266	18
2000	£80,328	£1,066	18
1999	£71,717	£1,009	18
1998	£66,410	£862	14
1997	£61,569	£691	21
1996	£57,276	£661	19
1995	£52,780	£755	20

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£410,000	£4,905	2
2023	£421,417	£4,523	12
2022	£409,974	£4,305	19
2021	£346,818	£3,732	45
2020	£337,886	£3,479	22
2019	£326,360	£3,148	25
2018	£351,257	£3,384	33
2017	£334,015	£3,597	32
2016	£299,079	£3,185	19
2015	£264,103	£2,656	26
2014	£276,797	£2,662	32
2013	£245,815	£2,465	27
2012	£236,345	£2,600	29
2011	£247,886	£2,310	22
2010	£243,726	£2,077	21
2009	£212,380	£2,075	38
2008	£223,017	£2,379	18
2007	£241,992	£2,236	31
2006	£220,160	£1,870	34
2005	£197,192	£1,986	37
2004	£200,688	£1,807	34
2003	£203,512	£1,656	40
2002	£152,859	£1,539	55
2001	£134,996	£1,252	31
2000	£121,639	£1,255	23
1999	£99,750	£951	20
1998	£86,792	£863	33
1997	£83,630	£797	40
1996	£75,956	£805	26
1995	£77,934	£719	35

House Type in IP5 1HG area

The most common house types in the IP5 1HG postcode area are Semi-detached (43), Detached (36), and Terraced (31).

Total	110
Semi-detached	43
Detached	36
Terraced	31
Flat	0
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 (78), and Owned: Owns with a mortgage or loan (23).

Owned: Owns outright	78
Owned: Owns with a mortgage or loan	23
Private rented: Private landlord or letting agency	7
Private rented: Other private rented	2
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the IP5 1HG have 1 person in household (43), and 2 people in household (41).

1 person in household	43
2 people in household	41
3 people in household	16
4 people in household	6
5 people in household	3
7 people in household	2
6 people in household	1
0 people in household	0
8 or more people in household	0