Housing Market Analysis for PENZANCE ROAD, IP5 1LU

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

Overview of Sold House prices

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

Detached
- The average price is around £226,374 median price is £209,750 Standard Deviation is £132,724 with Total Sold: 8
- The Last 5 Year average price is £542,500 with Total Sold: 1
- The most recent sale happened at this postcode is 39 PENZANCE ROAD: £542,500 (Sold on 09 Dec 2022)
- The first recorded sale happened at this postcode is 33 PENZANCE ROAD: £72,000 (Sold on 15 May 1997)
Semi-Detached
- The average price is around £158,660 median price is £166,850 Standard Deviation is £63,745 with Total Sold: 20
- The Last 5 Year average price is £292,500 with Total Sold: 2
- The most recent sale happened at this postcode is 27 PENZANCE ROAD: £300,000 (Sold on 29 Nov 2022)
- The first recorded sale happened at this postcode is 35 PENZANCE ROAD: £67,500 (Sold on 21 Nov 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average IP5 1LU 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
2022	£542,500	£8,346	1
2017	£255,000	£3,923	1
2011	£239,995	£2,069	1
2006	£209,750	£1,703	2
2003	£160,000		1
2002	£122,000		1
1997	£72,000	£621	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£300,000	£3,704	1
2020	£285,000	£3,654	1
2012	£181,167	£2,311	3
2011	£173,500	£2,081	2
2008	£172,000		1
2007	£200,000	£2,803	2
2006	£173,000	£2,190	1
2004	£166,850	£2,187	2
2003	£127,500	£1,614	1
2001	£106,500	£1,385	2
1999	£71,500	£911	2
1998	£68,000	£883	1
1997	£67,500		1

All the Sales in the PENZANCE ROAD, IP5 1LU

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

Address	Sold Date	Price	% Change
39 PENZANCE ROADDetached, FreeholdArea: 65 Sq.mtrAge: 1950-1966	09 Dec 2022	£542,500	112.75%
	31 Aug 2017	£255,000	First Sale
27 PENZANCE ROADSemi-Detached, FreeholdArea: 81 Sq.mtrAge: 1967-1975	29 Nov 2022	£300,000	First Sale
31 PENZANCE ROADSemi-Detached, FreeholdArea: 78 Sq.mtrAge: 1950-1966	02 Jun 2020	£285,000	163.89%
	30 Oct 2001	£108,000	39.35%
	14 Dec 1999	£77,500	First Sale
19 PENZANCE ROADSemi-Detached, FreeholdArea: 79 Sq.mtrAge: 1950-1966	30 Nov 2012	£195,000	4.28%
	31 Aug 2011	£187,000	8.09%
	01 Dec 2006	£173,000	35.69%
	27 Jun 2003	£127,500	First Sale
49 PENZANCE ROADSemi-Detached, FreeholdArea: 79 Sq.mtrAge: 1950-1966	08 Nov 2012	£185,000	182.44%
	29 Apr 1999	£65,500	First Sale
21 PENZANCE ROADSemi-Detached, FreeholdArea: 77 Sq.mtrAge: 1967-1975	21 Sep 2012	£163,500	140.44%
	27 Feb 1998	£68,000	First Sale
33 PENZANCE ROADDetached, FreeholdArea: 116 Sq.mtrAge: 1950-1966	31 Mar 2011	£239,995	21.52%
	03 Feb 2006	£197,500	174.31%
	15 May 1997	£72,000	First Sale
29 PENZANCE ROADSemi-Detached, FreeholdArea: 89.19 Sq.mtrAge: 1950-1966	24 Feb 2011	£160,000	First Sale
17 PENZANCE ROADSemi-Detached, Freehold	02 Jun 2008	£172,000	First Sale
37 PENZANCE ROADSemi-Detached, FreeholdArea: 76 Sq.mtrAge: 1967-1975	03 Aug 2007	£213,000	28.16%
	26 Mar 2004	£166,200	First Sale
23 PENZANCE ROADSemi-Detached, Freehold	31 May 2007	£187,000	First Sale
51 PENZANCE ROADDetached, Freehold	06 Oct 2006	£222,000	First Sale
25 PENZANCE ROADSemi-Detached, Freehold	09 Nov 2004	£167,500	First Sale
41 PENZANCE ROADDetached, Freehold	15 Aug 2003	£160,000	31.15%
41 PENZANCE ROADDetached, Freehold	03 Dec 2002	£122,000	First Sale
47 PENZANCE ROADSemi-Detached, Freehold	20 Jul 2001	£105,000	First Sale
35 PENZANCE ROADSemi-Detached, Freehold	21 Nov 1997	£67,500	First Sale

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

PENZANCE ROAD, IP5 1LU Near By properties

Interactive Map

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

Other
- The average price is around £183,399 median price is £80,000 Standard Deviation is £195,949 with Total Sold: 5
- The Last 5 Year average price is £264,998 with Total Sold: 3
- 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 , 4 BELL GARDENS: £80,000 (Sold on 21 Oct 2016)
Detached
- The average price is around £231,566 median price is £229,998 Standard Deviation is £99,729 with Total Sold: 640
- The Last 5 Year average price is £354,943 with Total Sold: 100
- The most recent sale happened at this postcode is , 16 ST AGNES WAY: £385,000 (Sold on 17 Jun 2024)
- The first recorded sale happened at this postcode is , 41 CAMBRIDGE ROAD: £52,000 (Sold on 03 Feb 1995)
Flat
- The average price is around £117,792 median price is £117,795 Standard Deviation is £33,832 with Total Sold: 95
- The Last 5 Year average price is £160,697 with Total Sold: 19
- 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)
Semi-Detached
- The average price is around £176,394 median price is £172,000 Standard Deviation is £81,234 with Total Sold: 603
- The Last 5 Year average price is £296,216 with Total Sold: 81
- 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 , 38 CEDAR AVENUE: £46,000 (Sold on 10 Jan 1995)
Terraced
- The average price is around £182,997 median price is £173,500 Standard Deviation is £66,667 with Total Sold: 182
- The Last 5 Year average price is £280,062 with Total Sold: 24
- The most recent sale happened at this postcode is , 14 BAIRD GROVE: £286,500 (Sold on 02 Apr 2024)
- The first recorded sale happened at this postcode is , 21 OXFORD ROAD: £83,000 (Sold on 21 Aug 1995)

Sold Price Trend Over the Years:

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£394,000		2
2019	£6,995		1
2016	£61,000	£884	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£401,667	£4,905	3
2023	£431,500	£3,857	10
2022	£428,458	£4,481	12
2021	£346,156	£3,624	34
2020	£314,386	£3,349	22
2019	£323,526	£3,045	19
2018	£347,624	£3,537	21
2017	£318,400	£3,775	25
2016	£319,269	£3,225	13
2015	£270,375	£2,629	20
2014	£282,080	£2,581	25
2013	£240,472	£2,597	18
2012	£228,630	£2,634	27
2011	£239,735	£2,353	17
2010	£230,300	£2,053	10
2009	£198,967	£2,239	23
2008	£258,096	£2,023	28
2007	£244,834	£2,260	39
2006	£217,622	£2,024	28
2005	£202,245	£1,912	26
2004	£203,919	£1,717	26
2003	£211,768	£1,691	30
2002	£157,684	£1,455	36
2001	£130,846	£1,180	13
2000	£143,560	£1,204	42
1999	£114,300	£1,197	18
1998	£80,133	£961	15
1997	£78,230	£713	15
1996	£68,945	£874	11
1995	£71,532	£711	14

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£160,000		1
2023	£166,500	£3,169	2
2022	£179,400	£2,915	5
2021	£156,312	£2,610	4
2020	£145,000	£2,770	3
2019	£150,750	£2,538	4
2018	£140,983	£3,159	3
2016	£136,000	£2,204	2
2015	£111,498	£1,913	6
2014	£103,624	£2,131	4
2013	£91,500	£1,810	2
2012	£101,125	£1,718	6
2011	£102,000	£1,500	1
2010	£90,750	£1,464	2
2009	£102,500	£1,582	3
2008	£125,000	£2,193	1
2007	£117,749	£2,108	6
2006	£120,651	£2,216	13
2005	£116,111	£2,060	17
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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£266,875	£4,041	4
2023	£304,600	£3,771	10
2022	£379,273	£4,000	11
2021	£304,667	£3,629	21
2020	£265,429	£3,504	14
2019	£266,381	£3,319	21
2018	£252,750	£3,471	14
2017	£248,285	£3,332	14
2016	£249,872	£3,060	20
2015	£206,958	£2,728	18
2014	£218,933	£2,743	15
2013	£191,743	£2,437	23
2012	£189,503	£2,341	16
2011	£175,119	£2,204	21
2010	£181,167	£2,112	24
2009	£151,248	£2,058	22
2008	£185,193	£2,183	21
2007	£198,327	£2,351	41
2006	£192,116	£1,930	42
2005	£162,509	£1,831	35
2004	£152,370	£1,766	14
2003	£147,500	£1,706	25
2002	£119,696	£1,451	43
2001	£104,808	£1,179	13
2000	£86,816	£1,128	13
1999	£73,892	£906	19
1998	£66,249	£813	12
1997	£58,668	£764	22
1996	£53,441	£768	17
1995	£51,216	£674	18

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£286,500	£2,535	1
2023	£313,750	£3,657	4
2022	£287,167	£3,412	6
2021	£270,000	£3,250	3
2020	£257,214	£2,628	7
2019	£282,167	£2,706	3
2018	£245,286	£2,671	7
2017	£253,571	£2,624	7
2016	£223,973	£2,654	11
2015	£229,000	£2,305	5
2014	£202,874	£2,264	4
2013	£183,875	£2,058	4
2012	£182,249	£2,108	6
2011	£200,500	£1,797	3
2010	£176,000	£1,883	5
2009	£174,899	£1,774	5
2008	£192,111	£1,608	5
2007	£186,812	£2,220	13
2006	£177,536	£1,793	13
2005	£160,863	£1,960	14
2004	£147,964	£1,617	16
2003	£154,159	£1,779	6
2002	£126,592	£1,415	19
2001	£63,500		1
2000	£76,000	£884	1
1999	£59,995		2
1998	£52,000	£553	1
1997	£57,050	£560	5
1996	£40,050	£558	4
1995	£83,000	£497	1

House Type in IP5 1LU area

The most common house types in the IP5 1LU postcode area are Semi-detached (88), Detached (32), and Terraced (1).

Total	121
Semi-detached	88
Detached	32
Terraced	1
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 (91), and Owned: Owns with a mortgage or loan (19).

Owned: Owns outright	91
Owned: Owns with a mortgage or loan	19
Private rented: Private landlord or letting agency	8
Social rented: Rents from council or Local Authority	2
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the IP5 1LU have 2 people in household (54), and 1 person in household (45).

2 people in household	54
1 person in household	45
3 people in household	12
4 people in household	8
5 people in household	4
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0