Philip Road, Ipswich, IP2

Street Guide For Philip Road, Ipswich, IP2

 

Philip Road, Ipswich, IP2 Map

Estimated Price: £186,605
Average Asking Price: £211,873
Price change in last one year: £15,023
Average Price Paid: £123,246
Average Rent Rates: £699

 

Property Prices Breakdown in Philip Road, Ipswich, IP2

Average Price for property in Philip Road, Ipswich, IP2 is around £186,605 which varies based on type of property you are interested in and ranges from £336,070 for detached house to around £283,249 for semi-detached. Similarly terraced house is around £155,336 and a flat is worth £108,229. Values have been changing and have risen £1,099 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,068 in last 6 months, £15,023 in last 1 year, £21,213 in last 2 years, £24,081 in last 3 years, £26,896 in last 4 years and £24,833 in last 5 years.

Currently average asking price of a property in Philip Road, Ipswich, IP2 is around £211,873 based on approximately 5 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £699 per month.

Estimated property value in Philip Road, Ipswich, IP2 is £186,605. Average asking price is £211,873 while average price paid is £140,180 which is up by £15,023 and Avg. asking rent £699.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Philip Road, Ipswich, IP2 area. In last 1 year alone average price buyer paid is around £140,180 based on approximately 5 sales in Philip Road, Ipswich, IP2 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £129,200. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £123,246 for 16 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £138,520 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £78,000, £133,995 for a 2 bedroom house, £166,613 for a 3 bedroom house, £300,402 for a 4 bedroom house and £584,999 for a 5 bedroom house. For a flat similarly the prices varies from £85,592 for a single bedroom to £114,849 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £90,000. To sum up the asking prices for properties in Philip Road, Ipswich, IP2 it comes to around average £85,145 for 1 bedroom property, £121,231 for 2 bedroom, £164,789 for 3 bedroom, £300,402 for 4 bedroom and £584,999 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £451 for 1 bedroom to £509 for 2 bedrooms, £689 for 3 bedrooms, £1,049 for 4 bedrooms and £1,027 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £475. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £564 and £676 for 3 bedroom. You should be generally be expecting around average £469 rent per month for single bedroom property, £544 for 2 bedroom, £688 for 3 bedroom, £1,048 for 4 bedroom and approximately £1,027 for a 5 bedroom property in Philip Road, Ipswich, IP2 area.

Popular Houses in Philip Road, Ipswich, IP2

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Philip Road, Ipswich, IP2