Housing Market Analysis for SMITHS PLACE, IP5 2YR

Are you looking to understand IP5 2YR 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 2YR area, explore the IP5 2YR Area information page.
For comprehensive crime statistics in the IP5 2YR area, explore the IP5 2YR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP5 2YR postcode area, The average prices are as follows,

  • Detached
    • The average price is around £220,833 median price is £211,000 Standard Deviation is £111,277 with Total Sold: 12
    • The Last 5 Year average price is £359,750 with Total Sold: 4
    • The most recent sale happened at this postcode is 1 SMITHS PLACE: £372,000 (Sold on 29 Sep 2023)
    • The first recorded sale happened at this postcode is 7 SMITHS PLACE: £89,500 (Sold on 17 Sep 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average IP5 2YR 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£372,000 £2,929 2
2019£347,500 £3,888 2
2013£210,000 £2,333 1
2007£247,0001
2006£212,000 £1,927 1
2001£155,0001
1999£90,000 £818 1
1998£99,000 £938 3

All the Sales in the SMITHS PLACE, IP5 2YR

See the table below for more details on the sold house prices in the IP5 2YR, East Suffolk postcode.

AddressSold DatePrice% Change
1 SMITHS PLACEDetached, FreeholdArea: 127 Sq.mtrAge: 1991-199529 Sep 2023£372,0000.0
29 Sep 2023£372,000First Sale
8 SMITHS PLACEDetached, FreeholdArea: 67 Sq.mtrAge: 1991-199503 Oct 2019£305,000First Sale
10 SMITHS PLACEDetached, FreeholdArea: 121 Sq.mtrAge: 1991-199524 May 2019£390,000243.61%
16 Oct 1998£113,500First Sale
5 SMITHS PLACEDetached, FreeholdArea: 90 Sq.mtrAge: 1991-199515 Aug 2013£210,000First Sale
7 SMITHS PLACEDetached, Freehold06 Jul 2007£247,000175.98%
17 Sep 1998£89,500First Sale
3 SMITHS PLACEDetached, FreeholdArea: 110 Sq.mtrAge: 1991-199520 Dec 2006£212,000135.56%
29 Mar 1999£90,000First Sale
4 SMITHS PLACEDetached, Freehold30 Nov 2001£155,00064.89%
18 Dec 1998£94,000First Sale

Check out the sold house prices near the IP5 2YR postcode. Properties currently for saleProperties currently for rent

SMITHS PLACE, IP5 2YR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP5 2YR 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 2YR postcode.

  • Detached
    • The average price is around £219,208 median price is £215,000 Standard Deviation is £106,864 with Total Sold: 2,358
    • The Last 5 Year average price is £389,152 with Total Sold: 242
    • The most recent sale happened at this postcode is , 29 HOWARDS WAY: £360,000 (Sold on 16 Jul 2024)
    • The first recorded sale happened at this postcode is , 30 FOX LEA: £75,995 (Sold on 06 Jan 1995)
  • Terraced
    • The average price is around £153,127 median price is £156,745 Standard Deviation is £66,863 with Total Sold: 1,111
    • The Last 5 Year average price is £248,989 with Total Sold: 123
    • The most recent sale happened at this postcode is , 7 BROADHURST TERRACE: £305,000 (Sold on 21 Jun 2024)
    • The first recorded sale happened at this postcode is , 68 DEWAR LANE: £52,000 (Sold on 27 Jan 1995)
  • Semi-Detached
    • The average price is around £154,086 median price is £151,000 Standard Deviation is £74,668 with Total Sold: 859
    • The Last 5 Year average price is £274,309 with Total Sold: 76
    • The most recent sale happened at this postcode is , 3 MANNALL WALK: £250,000 (Sold on 16 May 2024)
    • The first recorded sale happened at this postcode is , 16 FRANCIS CLOSE: £48,000 (Sold on 13 Jan 1995)
  • Flat
    • The average price is around £122,847 median price is £122,500 Standard Deviation is £32,239 with Total Sold: 261
    • The Last 5 Year average price is £169,054 with Total Sold: 37
    • The most recent sale happened at this postcode is , 9 PEPPER PLACE: £200,000 (Sold on 30 Apr 2024)
    • The first recorded sale happened at this postcode is , 24 WILKES COURT: £50,000 (Sold on 15 Jun 2001)
  • Other
    • The average price is around £295,533 median price is £245,000 Standard Deviation is £345,455 with Total Sold: 15
    • The Last 5 Year average price is £364,875 with Total Sold: 8
    • The most recent sale happened at this postcode is , 3 GRANGE BUSINESS PARK: £910,000 (Sold on 17 Jan 2024)
    • The first recorded sale happened at this postcode is , 1 TOMMY FLOWERS DRIVE: £65,000 (Sold on 27 Jul 2016)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£375,909 £3,374 11
2023£440,333 £3,574 42
2022£438,388 £3,647 38
2021£383,234 £3,494 47
2020£359,618 £3,395 51
2019£349,708 £3,228 53
2018£354,454 £3,193 49
2017£337,047 £3,067 63
2016£334,541 £3,001 54
2015£321,559 £2,675 68
2014£284,678 £2,519 56
2013£263,936 £2,255 58
2012£238,924 £2,301 46
2011£247,264 £2,172 55
2010£244,072 £2,075 48
2009£213,510 £2,027 48
2008£257,838 £2,335 84
2007£247,247 £2,147 126
2006£239,952 £1,945 175
2005£224,879 £1,908 118
2004£221,053 £1,892 108
2003£200,207 £1,776 95
2002£173,544 £1,536 124
2001£153,505 £1,371 123
2000£122,011 £1,211 111
1999£105,653 £971 112
1998£96,978 £992 138
1997£89,081 £881 100
1996£90,697 £869 73
1995£88,803 £825 84
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£269,000 £3,545 12
2023£255,438 £3,790 16
2022£296,562 £3,510 16
2021£242,300 £3,162 30
2020£237,812 £3,163 24
2019£223,564 £3,132 25
2018£230,161 £2,921 31
2017£222,794 £2,938 28
2016£208,072 £3,003 38
2015£193,624 £2,769 50
2014£199,154 £2,414 52
2013£162,912 £2,489 40
2012£159,539 £2,309 31
2011£157,515 £2,243 32
2010£162,302 £2,239 24
2009£148,332 £2,165 43
2008£156,757 £2,063 40
2007£176,522 £2,260 56
2006£159,189 £2,146 80
2005£155,923 £1,974 74
2004£144,621 £2,039 63
2003£117,350 £1,766 35
2002£102,308 £1,541 29
2001£80,654 £1,198 32
2000£75,179 £1,214 43
1999£63,128 £975 34
1998£54,166 £892 24
1997£50,901 £821 45
1996£50,449 £819 40
1995£50,949 £793 24
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£315,0002
2023£284,125 £3,779 12
2022£300,800 £4,003 20
2021£264,075 £3,530 20
2020£259,900 £3,278 10
2019£242,625 £2,843 12
2018£239,565 £3,338 20
2017£248,998 £3,169 25
2016£236,312 £3,098 16
2015£219,025 £2,644 20
2014£206,974 £2,494 20
2013£196,916 £2,434 12
2012£168,598 £2,405 20
2011£166,569 £2,293 26
2010£189,500 £2,178 13
2009£147,556 £2,072 17
2008£179,587 £2,265 23
2007£187,701 £2,305 47
2006£174,878 £2,087 86
2005£156,898 £2,047 61
2004£153,302 £2,105 53
2003£141,554 £1,752 42
2002£122,652 £1,675 46
2001£97,565 £1,346 28
2000£79,884 £1,303 30
1999£67,049 £1,035 39
1998£60,197 £917 25
1997£59,886 £903 25
1996£56,931 £865 50
1995£58,732 £872 39
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£203,750 £3,232 2
2023£172,318 £5,193 11
2022£175,417 £3,242 12
2021£154,688 £8,096 8
2020£149,250 £2,613 2
2019£155,500 £2,653 2
2018£148,778 £7,756 9
2017£150,500 £2,782 12
2016£130,163 £2,397 19
2015£125,625 £2,130 16
2014£117,125 £2,186 12
2013£107,821 £1,864 7
2012£113,499 £1,936 7
2011£107,125 £5,133 4
2010£104,943 £1,895 9
2009£101,665 £13,943 3
2008£93,161 £1,663 34
2007£125,574 £2,231 16
2006£119,459 £2,217 36
2005£103,688 £1,969 25
2004£121,788 £2,104 10
2001£52,000 £1,371 5
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£910,0001
2023£440,2333
2021£164,433 £2,393 3
2020£195,000 £3,362 1
2018£240,800 £2,645 5
2017£245,000 £2,816 1
2016£65,0001

House Type in IP5 2YR area

The most common house types in the IP5 2YR postcode area are Detached (82), Terraced (39), and Semi-detached (25).

Total152
Detached82
Terraced39
Semi-detached25
Flat5
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 outright (60), and Owned: Owns with a mortgage or loan (59).

Owned: Owns outright60
Owned: Owns with a mortgage or loan59
Private rented: Private landlord or letting agency28
Private rented: Other private rented3
Social rented: Other social rented2
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the IP5 2YR have 2 people in household (56), and 1 person in household (38).

2 people in household56
1 person in household38
3 people in household25
4 people in household24
5 people in household9
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0