Key indicators for buyers
The IP2 market is moderately favourable for buyers. Prices are rising at 24.3%, which may favour acting sooner rather than later. 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 £278,938 with a 25% deposit (£70k), a 2-year fixed mortgage at 3.97% costs around £1,101 per month.
Monthly cost comparison based on current data
Uses IP2 avg. price with Ipswich rental data
Monthly mortgage payments (£1,101) are £116 more than renting (£985). However, buying requires an upfront deposit of £70k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
8, CARMARTHEN CLOSE IP2 8QG | Semi-detached | £245,000 | 19 Jan 2026 |
16, OAK HILL LANE IP2 9AL | Detached | £530,000 | 16 Jan 2026 |
5, KESTREL ROAD IP2 0RN | Semi-detached | £300,000 | 16 Jan 2026 |
9, DIDSBURY CLOSE IP2 9TD | Detached | £340,000 | 15 Jan 2026 |
28, VIRGINIA STREET IP2 8TJ | Semi-detached | £154,000 | 9 Jan 2026 |
3, GANNET ROAD IP2 9NR | Semi-detached | £227,500 | 9 Jan 2026 |
31, BROOMHAYES IP2 9DA | Semi-detached | £270,000 |
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 IP2 sold for £278,938 in 2026, with a median of £257,500 across 8 transactions. Prices rose 24.3% compared to the previous year.
| 8 Jan 2026 |
36, KESTREL ROAD IP2 0RR | Semi-detached | £165,000 | 7 Jan 2026 |
3, ROYSTON DRIVE IP2 0QZ | Detached | £280,000 | 22 Dec 2025 |
55, CONWAY CLOSE IP2 8PS | Terraced | £255,000 | 19 Dec 2025 |
52, AUSTIN STREET IP2 8DF | Terraced | £121,000 | 19 Dec 2025 |
42, DAVIDSON CLOSE IP2 8TG | Detached | £245,000 | 19 Dec 2025 |
50, BELMONT ROAD IP2 9RH | Detached | £320,000 | 19 Dec 2025 |
14, BULSTRODE ROAD IP2 8HA | Terraced | £143,000 | 17 Dec 2025 |
11, COLUMBINE GARDENS IP2 0XA | Semi-detached | £193,000 | 17 Dec 2025 |
11, DIDSBURY CLOSE IP2 9TD | Semi-detached | £280,000 | 17 Dec 2025 |
248, SHELDRAKE DRIVE IP2 9NF | Terraced | £220,000 | 17 Dec 2025 |
14, LITTLES CRESCENT IP2 8DP | Terraced | £205,000 | 16 Dec 2025 |
37, WIGMORE CLOSE IP2 9SW | Semi-detached | £275,000 | 12 Dec 2025 |
59, TERN ROAD IP2 9NQ | Semi-detached | £240,000 | 12 Dec 2025 |
The most recent recorded sale in IP2 was a semi-detached property on Carmarthen Close for £245,000 in January 2026. Across the last 20 sales, the median price was £245,000.