Property Data OutlookIP24
15,212 recorded transactions · Part of Breckland
Compare with another area →Market outlook for IP24
Key indicators for buyers
The IP24 market is moderately favourable for buyers. Prices are rising at 16.4%, which may favour acting sooner rather than later. Affordability has improved from a peak of 9.5x in 2021 to 7.9x today. Rising rents (£905/mo, +5.9%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Breckland area
A home in Breckland costs 7.9x the local median salary — moderate, improving from a peak of 9.5x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Breckland area
Average monthly rent in Breckland is £905, up 5.9% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Breckland price of £282,750 with a 25% deposit (£71k), a 2-year fixed mortgage at 3.97% costs around £1,116 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IP24 avg. price with Breckland rental data
Monthly mortgage payments (£1,116) are £211 more than renting (£905). However, buying requires an upfront deposit of £71k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
11, ELLINGTON ROAD, BARNHAM IP24 2NN | Terraced | £180,000 | 26 Jan 2026 |
22, EDITH CAVELL CLOSE IP24 1TJ | Terraced | £155,000 | 16 Jan 2026 |
12, ORCHARD WAY IP24 2JF | Detached | £330,000 | 16 Jan 2026 |
184, ST MARTINS WAY IP24 3QF | Semi-detached | £200,000 | 16 Jan 2026 |
3, REDGATE IP24 2HA | Detached | £318,000 | 16 Jan 2026 |
7, PRIORY PARK IP24 1AU | Semi-detached | £240,000 | 12 Jan 2026 |
8, CEDAR ROAD IP24 2FQ | Detached | £576,000 |
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.