The average property value in East Suffolk is £324,695 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in East Suffolk grew by £46,300. Compare house prices by area
Average property prices in East Suffolk grew by 16.6% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.2% per year.
If prices in East Suffolk continue to rise by 4.2% a year, the average property price will be £383,449 in 2025.
There were 4,118 property sales in East Suffolk in the year ending June 2021, an increase of 585 when compared to the previous year.
The average price for a house in East Suffolk ranges from £233,412 for a terraced house to £425,792 for a detached house, with semi-detached in between costing on average £262,735.
The average price for a flat or maisonette in East Suffolk is £195,535.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in East Suffolk, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 45.5% from £292,722 to £425,792, semi-detached house prices have risen 51.0% from £174,054 to £262,735, terraced house prices have risen 57.0% from £148,650 to £233,412, and flat prices have risen 24.7% from £156,772 to £195,535.
The most common type of property sold in East Suffolk during the year ending June 2021 was detached houses, which accounted for 44.4% of properties.
The least commonly available type of property sold in East Suffolk were flats, which account for 5.1% of properties sold.
Of the properties sold in East Suffolk during 2021, 1.5% were new build properties.
The average price paid for a new build property in East Suffolk was £33,055 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (33% of new build properties sold). For existing properties, the most common type is detached houses (44% of existing properties sold).
The most common price band for property sales in East Suffolk is £200k - £300k, which accounted for 20.3% of properties sold in 2021.
0.7% of properties in East Suffolk had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in East Suffolk were in the £50k - £100k price bracket, accounting for 1.3% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics