Housing Market Analysis for BANKS CLOSE, IP7 5RX

Are you looking to understand IP7 5RX 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 Babergh postcode.

For the location information and nearby amenities in the IP7 5RX area, explore the IP7 5RX Area information page.
For comprehensive crime statistics in the IP7 5RX area, explore the IP7 5RX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP7 5RX postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £116,899 median price is £100,000 Standard Deviation is £67,225 with Total Sold: 21
- The Last 5 Year average price is £241,667 with Total Sold: 3
- The most recent sale happened at this postcode is 2 BANKS CLOSE: £305,000 (Sold on 27 Jan 2023)
- The first recorded sale happened at this postcode is 7 BANKS CLOSE: £43,500 (Sold on 24 Oct 1996)
Terraced
- The average price is around £110,938 median price is £113,750 Standard Deviation is £61,582 with Total Sold: 24
- The Last 5 Year average price is £208,750 with Total Sold: 4
- The most recent sale happened at this postcode is 10 BANKS CLOSE: £250,000 (Sold on 24 Mar 2022)
- The first recorded sale happened at this postcode is 3 BANKS CLOSE: £59,495 (Sold on 29 Jul 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IP7 5RX 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
2023	£305,000	£4,485	1
2020	£215,000	£3,981	1
2019	£205,000	£2,887	1
2016	£190,000	£3,519	1
2009	£148,000	£2,741	1
2008	£147,000	£2,940	1
2006	£144,750	£2,681	1
2004	£116,667	£2,177	3
2003	£140,000	£2,059	1
2002	£82,500	£1,528	1
2001	£87,000	£1,279	1
2000	£66,000	£1,222	1
1999	£60,000	£1,034	1
1998	£60,748	£963	2
1996	£48,281	£838	4

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£250,000	£4,630	1
2021	£200,000	£4,000	1
2020	£200,000	£3,704	1
2019	£185,000	£3,700	1
2016	£177,000	£3,540	1
2015	£167,000	£3,340	1
2011	£140,000	£2,628	1
2009	£112,500	£2,111	1
2008	£150,000	£2,885	1
2005	£139,500	£2,583	1
2004	£125,000	£2,346	1
2003	£119,500	£2,212	2
2002	£77,000		1
2000	£66,000	£1,222	1
1999	£48,975	£1,125	2
1997	£46,667	£873	3
1996	£49,141	£867	4

All the Sales in the BANKS CLOSE, IP7 5RX

See the table below for more details on the sold house prices in the IP7 5RX, Babergh postcode.

Address	Sold Date	Price	% Change
2 BANKS CLOSESemi-Detached, FreeholdArea: 68 Sq.mtrAge: 1996-2002	27 Jan 2023	£305,000	117.86%
	24 Nov 2003	£140,000	60.92%
	01 Jun 2001	£87,000	32.82%
	21 Aug 1998	£65,500	First Sale
10 BANKS CLOSETerraced, FreeholdArea: 54 Sq.mtrAge: 1996-2002	24 Mar 2022	£250,000	25.00%
	16 Oct 2020	£200,000	43.37%
	23 May 2005	£139,500	111.36%
	18 May 2000	£66,000	33.62%
	23 Aug 1996	£49,395	First Sale
5 BANKS CLOSETerraced, FreeholdArea: 50 Sq.mtrAge: 1991-1995	27 Sep 2021	£200,000	8.11%
	16 Oct 2019	£185,000	4.52%
	18 Aug 2016	£177,000	5.99%
	27 Jul 2015	£167,000	13.61%
	11 Apr 2008	£147,000	22.50%
	27 May 2004	£120,000	158.06%
	18 Dec 1996	£46,500	First Sale
11 BANKS CLOSESemi-Detached, FreeholdArea: 54 Sq.mtrAge: 2003-2006	09 Jul 2020	£215,000	13.16%
	25 Nov 2016	£190,000	28.38%
	23 Nov 2009	£148,000	2.25%
	31 May 2006	£144,750	11.35%
	08 Apr 2004	£130,000	57.58%
	05 Mar 2002	£82,500	25.00%
	31 Mar 2000	£66,000	32.33%
	15 Nov 1996	£49,875	First Sale
12 BANKS CLOSESemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1996-2002	19 Jul 2019	£205,000	284.98%
	15 Nov 1996	£53,250	First Sale
9 BANKS CLOSETerraced, FreeholdArea: 53.28 Sq.mtrAge: 2007 onwards	23 Sep 2011	£140,000	24.44%
	26 Jun 2009	£112,500	-10.00%
	09 Jul 2004	£125,000	108.51%
	06 Aug 1999	£59,950	28.92%
	14 Feb 1997	£46,500	First Sale
4 BANKS CLOSETerraced, FreeholdArea: 52 Sq.mtrAge: 1991-1995	11 Jan 2008	£150,000	30.43%
	19 May 2003	£115,000	164.37%
	01 Oct 1996	£43,500	First Sale
7 BANKS CLOSESemi-Detached, FreeholdArea: 58 Sq.mtrAge: 1991-1995	10 May 2004	£100,000	66.67%
	30 Nov 1999	£60,000	37.93%
	24 Oct 1996	£43,500	First Sale
3 BANKS CLOSETerraced, Freehold	07 Mar 2003	£124,000	108.40%
	07 Nov 1997	£59,500	0.01%
	29 Jul 1996	£59,495	First Sale
6 BANKS CLOSETerraced, Freehold	08 Nov 2002	£77,000	102.63%
	30 Apr 1999	£38,000	11.76%
	27 Mar 1997	£34,000	First Sale
1 BANKS CLOSESemi-Detached, Freehold	21 Aug 1998	£55,995	First Sale
8 BANKS CLOSETerraced, FreeholdArea: 52 Sq.mtrAge: 1996-2002	22 Nov 1996	£44,175	First Sale

Check out the sold house prices near the IP7 5RX postcode. Properties currently for saleProperties currently for rent

BANKS CLOSE, IP7 5RX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP7 5RX 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 IP7 5RX postcode.

Detached
- The average price is around £205,956 median price is £195,000 Standard Deviation is £122,291 with Total Sold: 919
- The Last 5 Year average price is £365,661 with Total Sold: 125
- The most recent sale happened at this postcode is , 1 WOODTHORPE CLOSE: £325,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 5 GLANVILLE ROAD: £79,500 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £153,564 median price is £144,375 Standard Deviation is £100,577 with Total Sold: 564
- The Last 5 Year average price is £283,664 with Total Sold: 74
- The most recent sale happened at this postcode is , 56 WILSON ROAD: £223,000 (Sold on 09 Aug 2024)
- The first recorded sale happened at this postcode is , 41 STATION ROAD: £59,995 (Sold on 06 Jan 1995)
Terraced
- The average price is around £155,653 median price is £139,000 Standard Deviation is £115,846 with Total Sold: 616
- The Last 5 Year average price is £279,061 with Total Sold: 99
- The most recent sale happened at this postcode is , 49 GEORGE STREET: £250,000 (Sold on 15 Jul 2024)
- The first recorded sale happened at this postcode is , 58 AYLWARD CLOSE: £34,000 (Sold on 06 Feb 1995)
Flat
- The average price is around £93,890 median price is £89,995 Standard Deviation is £51,607 with Total Sold: 41
- The Last 5 Year average price is £159,333 with Total Sold: 9
- The most recent sale happened at this postcode is FLAT 4, MILLFIELD HOUSE, 48 WILSON ROAD: £140,000 (Sold on 24 May 2024)
- The first recorded sale happened at this postcode is FLAT 4, MILLFIELD HOUSE, 48 WILSON ROAD: £38,500 (Sold on 16 Apr 1998)
Other
- The average price is around £314,162 median price is £355,000 Standard Deviation is £182,242 with Total Sold: 17
- The Last 5 Year average price is £237,417 with Total Sold: 9
- The most recent sale happened at this postcode is , 56 HIGH STREET: £150,000 (Sold on 25 Mar 2024)
- The first recorded sale happened at this postcode is , 44 HIGH STREET: £475,000 (Sold on 20 Mar 2015)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£393,214	£3,577	7
2023	£470,208	£4,024	12
2022	£393,650	£3,301	20
2021	£347,563	£3,400	30
2020	£337,093	£3,234	27
2019	£341,766	£3,198	29
2018	£308,974	£3,425	19
2017	£375,267	£3,611	29
2016	£279,818	£2,880	22
2015	£292,333	£2,537	18
2014	£289,780	£2,452	28
2013	£235,074	£2,236	27
2012	£232,241	£2,268	27
2011	£244,559	£2,201	16
2010	£211,990	£2,202	26
2009	£231,524	£2,039	21
2008	£229,433	£2,174	21
2007	£258,511	£2,340	36
2006	£228,525	£1,981	44
2005	£212,360	£2,085	25
2004	£198,945	£1,983	46
2003	£189,655	£1,679	29
2002	£164,528	£1,540	42
2001	£127,737	£1,296	40
2000	£112,486	£1,084	37
1999	£94,532	£935	64
1998	£91,555	£856	59
1997	£74,046	£752	63
1996	£72,781	£658	32
1995	£69,978	£782	23

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£273,286	£5,082	7
2023	£265,819	£3,450	12
2022	£364,909	£4,146	11
2021	£309,600	£3,408	20
2020	£256,728	£3,141	10
2019	£222,500	£3,087	14
2018	£262,353	£3,204	17
2017	£210,474	£3,008	14
2016	£206,385	£2,583	13
2015	£207,785	£2,553	14
2014	£176,000	£2,428	13
2013	£158,643	£2,121	14
2012	£167,200	£2,369	15
2011	£154,591	£2,645	11
2010	£173,114	£2,632	17
2009	£164,886	£2,075	22
2008	£176,100	£2,278	20
2007	£201,926	£2,765	27
2006	£185,427	£2,392	28
2005	£161,065	£1,965	22
2004	£154,956	£2,216	24
2003	£126,265	£1,703	17
2002	£102,125	£1,452	24
2001	£83,345	£1,271	25
2000	£78,759	£1,015	27
1999	£69,284	£882	34
1998	£53,228	£766	23
1997	£55,770	£760	28
1996	£46,971	£726	22
1995	£48,508	£685	19

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£277,667	£2,875	6
2023	£341,458	£3,243	12
2022	£293,105	£3,712	19
2021	£289,252	£3,242	26
2020	£254,900	£3,122	15
2019	£235,738	£2,770	21
2018	£288,056	£2,525	9
2017	£289,107	£3,188	15
2016	£197,404	£2,987	11
2015	£205,034	£2,623	19
2014	£187,964	£2,394	21
2013	£171,083	£2,404	18
2012	£160,471	£2,428	17
2011	£170,500	£2,314	17
2010	£207,875	£2,159	8
2009	£162,577	£2,260	13
2008	£189,906	£2,406	16
2007	£158,125	£2,287	22
2006	£172,767	£2,115	26
2005	£152,618	£2,038	19
2004	£142,056	£1,890	27
2003	£123,956	£1,845	27
2002	£129,233	£1,451	18
2001	£111,981	£1,193	44
2000	£84,906	£938	25
1999	£65,178	£834	25
1998	£59,572	£903	42
1997	£55,598	£813	43
1996	£50,621	£730	22
1995	£55,842	£621	13

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£140,000		1
2023	£168,500	£3,439	1
2021	£153,750	£2,671	2
2020	£155,125	£2,775	4
2019	£197,500	£936	1
2018	£147,000	£3,007	2
2015	£95,000	£2,375	1
2013	£125,000	£1,894	1
2011	£90,500	£2,262	2
2006	£100,667	£2,026	3
2005	£89,874	£2,181	4
2004	£125,500	£1,446	2
2003	£88,500	£1,639	1
2001	£80,995		1
2000	£46,899	£1,036	5
1999	£43,000		1
1998	£40,111	£911	9

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£150,000		1
2023	£215,000	£3,071	1
2022	£342,500		2
2021	£147,250	£4,294	3
2019	£322,500	£2,010	2
2018	£407,500		2
2017	£458,500		4
2016	£80,000		1
2015	£475,000		1

House Type in IP7 5RX area

The most common house types in the IP7 5RX postcode area are Semi-detached (57), Detached (50), and Terraced (9).

Total	116
Semi-detached	57
Detached	50
Terraced	9
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 (65), and Owned: Owns with a mortgage or loan (37).

Owned: Owns outright	65
Owned: Owns with a mortgage or loan	37
Private rented: Private landlord or letting agency	9
Social rented: Rents from council or Local Authority	3
Private rented: Other private rented	2
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the IP7 5RX have 2 people in household (37), and 1 person in household (34).

2 people in household	37
1 person in household	34
4 people in household	23
3 people in household	19
5 people in household	3
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0