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Property Price Trends
Somerton Road, Hartest, Bury St Edmunds, Babergh, Suffolk
IP29 4NA Babergh District
What are the historical property price trends?
Explore the yearly trends in property prices for the IP29 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
IP29
Most Expensive Property
£820,000
Orchard House Somerton Road, IP29 4NA
Sold: 12 March 2024
Cheapest Property
£5,000
Street Farm The Street, IP29 5SN
Sold: 08 June 2023
£323,000
The average house price in Babergh was £323,000 in November 2024 (provisional), up slightly 1.4% from November 2023. This was lower than the rise in the East of England (2.0%) over the same period.
£918
Private rents rose to an average of £918 in December 2024, an annual increase of 6.7% from £860 in December 2023. This was lower than the rise in the East of England (8.4%) over the year.
£258,000
The average price paid by first-time buyers was £258,000 in November 2024 (provisional). This was 3.0% higher than the average of £250,000 in November 2023 (revised).
£320,000
For homes bought with a mortgage, the average house price was £320,000 in November 2024 (provisional). This was 1.8% higher than the average of £315,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Babergh, E07000200). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in IP29 4NA?
The graph below shows the five-year capital growth figures for properties for the IP29 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in IP29 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Suffolk?
Homebuyers
For homebuyers in Suffolk, the property market has shown steady growth in recent years. The average house price in Suffolk is currently £320,000, with popular areas such as Bury St Edmunds (postcode IP33) and Woodbridge (postcode IP12) seeing an increase in demand. However, availability of housing stock is limited in these sought-after areas, leading to increased competition among buyers. Rent prices in Suffolk are also on the rise, making buying a more attractive option for those looking to settle in the area long-term. Overall, Suffolk remains a popular choice for homebuyers due to its picturesque countryside, historical towns, and good transport links to London.
Renters
For renters in Suffolk, the rental market has become increasingly competitive, with the average rent price currently standing at £900 per month. Popular rental areas include Ipswich (postcode IP1) and Lowestoft (postcode NR32), where demand for rental properties is high. However, availability of rental stock is limited in these areas, leading to rising rent prices. Renters in Suffolk may find it challenging to secure affordable rental accommodation, especially in popular locations close to amenities and transport links. Despite the competitive rental market, Suffolk remains a desirable location for renters due to its beautiful countryside, coastal towns, and vibrant local communities.
Investors
For investors looking to enter the property market in Suffolk, there are opportunities for growth and potential returns. The average rental yield in Suffolk is currently 3.5%, with areas such as Sudbury (postcode CO10) and Felixstowe (postcode IP11) showing strong rental demand. Property prices in Suffolk have been steadily increasing, making it a promising investment option for those looking to expand their portfolio. However, investors should be mindful of limited availability of housing stock in popular areas, which may impact rental income potential. Overall, Suffolk offers a diverse range of investment opportunities, from residential properties to holiday lets, making it an attractive choice for investors seeking to diversify their portfolio.
Homebuyers
For homebuyers in Suffolk, the property market has shown steady growth in recent years. The average house price in Suffolk is currently £320,000, with popular areas such as Bury St Edmunds (postcode IP33) and Woodbridge (postcode IP12) seeing an increase in demand. However, availability of housing stock is limited in these sought-after areas, leading to increased competition among buyers. Rent prices in Suffolk are also on the rise, making buying a more attractive option for those looking to settle in the area long-term. Overall, Suffolk remains a popular choice for homebuyers due to its picturesque countryside, historical towns, and good transport links to London.
Renters
For renters in Suffolk, the rental market has become increasingly competitive, with the average rent price currently standing at £900 per month. Popular rental areas include Ipswich (postcode IP1) and Lowestoft (postcode NR32), where demand for rental properties is high. However, availability of rental stock is limited in these areas, leading to rising rent prices. Renters in Suffolk may find it challenging to secure affordable rental accommodation, especially in popular locations close to amenities and transport links. Despite the competitive rental market, Suffolk remains a desirable location for renters due to its beautiful countryside, coastal towns, and vibrant local communities.
Investors
For investors looking to enter the property market in Suffolk, there are opportunities for growth and potential returns. The average rental yield in Suffolk is currently 3.5%, with areas such as Sudbury (postcode CO10) and Felixstowe (postcode IP11) showing strong rental demand. Property prices in Suffolk have been steadily increasing, making it a promising investment option for those looking to expand their portfolio. However, investors should be mindful of limited availability of housing stock in popular areas, which may impact rental income potential. Overall, Suffolk offers a diverse range of investment opportunities, from residential properties to holiday lets, making it an attractive choice for investors seeking to diversify their portfolio.
Last updated on 30 Apr 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for IP29 4NA
Estimated yield for property investors
2.53%
Yield
The estimated yield for the IP29 4NA postcode area is 2.53%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in IP29 4NA?
The recently sold properties table lists homes around IP29 4NA that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 23 February 2024 | £390,000 | 1 Woodcrofts Close, Brockley, Bury St Edmunds, IP29 4BA | Detached | Freehold |
| 15 September 2022 | £815,000 | Downings Farm Downings Farmhouse Rede, Bury St Edmunds, IP29 4BE | Detached | Freehold |
| 12 March 2024 | £820,000 | Orchard House Somerton Road, Hartest, Bury St Edmunds, IP29 4NA | Detached | Freehold |
| 22 November 2023 | £450,000 | Chegada Melford Road, Lawshall, Bury St Edmunds, IP29 4PX | Detached | Freehold |
| 01 March 2024 | £445,000 | 42 Bury Road, Barrow, Bury St Edmunds, IP29 5AB | Semi-Detached | Freehold |
| 28 November 2023 | £355,000 | 10 Simpson Way, Barrow, Bury St Edmunds, IP29 5EA | Terraced | Freehold |
| 12 December 2023 | £245,000 | 3 Simpson Way, Barrow, Bury St Edmunds, IP29 5EA | Semi-Detached | Freehold |
| 17 November 2023 | £307,000 | 2 Tennis Field, Chevington, Bury St Edmunds, IP29 5QW | Detached | Freehold |
| 08 June 2023 | £5,000 | Street Farm The Street, Horringer, Bury St Edmunds, IP29 5SN | Other | Freehold |
| 15 March 2024 | £440,000 | 21 Hornbeam Drive, Horringer, Bury St Edmunds, IP29 5SP | Detached | Freehold |
Please note that house prices for properties sold in and around IP29 4NA during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
