Key indicators for buyers
The IP1 market is moderately favourable for buyers. Prices have softened (-21.7%), which could present a buying opportunity. Affordability has improved from a peak of 8.0x in 2021 to 6.6x today. Rising rents (£985/mo, +4.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Ipswich area
A home in Ipswich costs 6.6x the local median salary — moderate, improving from a peak of 8.0x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Ipswich area
Average monthly rent in Ipswich is £985, up 4.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Ipswich price of £202,300 with a 25% deposit (£51k), a 2-year fixed mortgage at 3.97% costs around £798 per month.
Monthly cost comparison based on current data
Uses IP1 avg. price with Ipswich rental data
Monthly mortgage payments (£798) are £187 less than renting (£985). However, buying requires an upfront deposit of £51k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
34, GYMNASIUM STREET IP1 3NX | Terraced | £135,000 | 30 Jan 2026 |
287, DEFOE ROAD IP1 6SF | Semi-detached | £240,000 | 21 Jan 2026 |
9, FULHAM WAY IP1 4FB | Flat/Maisonette | £135,000 | 19 Jan 2026 |
67, PARK VIEW ROAD IP1 4HY | Semi-detached | £325,000 | 16 Jan 2026 |
109, RICHMOND ROAD IP1 4DL | Semi-detached | £140,000 | 16 Jan 2026 |
44, LARCHCROFT ROAD IP1 6AN | Semi-detached | £297,500 | 15 Jan 2026 |
25, FULHAM WAY IP1 4FB | Terraced | £275,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in IP1 sold for £202,300 in 2026, with a median of £170,000 across 15 transactions. Prices fell 21.7% compared to the previous year.
| 15 Jan 2026 |
78, KINGSTON ROAD IP1 4BQ | Terraced | £170,000 | 14 Jan 2026 |
FLAT 9, FOOTMANS, 18, LLOYDS AVENUE IP1 3HD | Flat/Maisonette | £155,000 | 14 Jan 2026 |
304, NORWICH ROAD IP1 4HB | Semi-detached | £385,000 | 9 Jan 2026 |
106, VICTORIA STREET IP1 2JX | Terraced | £180,000 | 9 Jan 2026 |
39, GIBBONS STREET IP1 2HL | Flat/Maisonette | £80,000 | 8 Jan 2026 |
486, BRAMFORD LANE IP1 5JY | Semi-detached | £115,000 | 8 Jan 2026 |
76, SIRDAR ROAD IP1 2LB | Terraced | £152,000 | 5 Jan 2026 |
93, CORAL DRIVE IP1 5HS | Semi-detached | £250,000 | 5 Jan 2026 |
2, CARDIGAN STREET IP1 3PF | Terraced | £300,000 | 22 Dec 2025 |
3, WESTHOLME ROAD IP1 4HH | Semi-detached | £300,000 | 22 Dec 2025 |
32, THACKERAY ROAD IP1 6JA | Semi-detached | £210,000 | 19 Dec 2025 |
11, BRAMFORD LANE IP1 4DB | Semi-detached | £210,000 | 19 Dec 2025 |
740, OLD NORWICH ROAD IP1 6LG | Detached | £595,000 | 19 Dec 2025 |
The most recent recorded sale in IP1 was a terraced property on Gymnasium Street for £135,000 in January 2026. Across the last 20 sales, the median price was £210,000.