Market outlook for IP2
Key indicators for buyers
The IP2 market is moderately favourable for buyers. Affordability has improved from a peak of 8.0x in 2021 to 6.6x today. Rising rents (£986/mo, +3.1%) 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 Ipswich area
A home in Ipswich costs 6.6x the local median salary — moderate, improving from a peak of 8.0x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Ipswich area
Average monthly rent in Ipswich is £986, up 3.1% 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 Ipswich price of £223,359 with a 25% deposit (£56k), a 2-year fixed mortgage at 5.14% costs around £993 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IP2 avg. price with Ipswich rental data
Monthly mortgage payments (£993) are £7 more than renting (£986). However, buying requires an upfront deposit of £56k — it would take around 8 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 |
|---|---|---|---|
6, HARLAND STREET IP2 8JU | Terraced | £200,000 | 16 Mar 2026 |
13, BAILEY CLOSE, HADLEIGH ROAD INDUSTRIAL ESTATE IP2 0UD | Other | £195,000 | 16 Mar 2026 |
APARTMENT 602, 10, REAVELL PLACE IP2 0ET | Flat/Maisonette | £155,000 | 13 Mar 2026 |
26, BRUFF ROAD IP2 8GY | Terraced | £275,000 | 12 Mar 2026 |
6, DAUNDY CLOSE IP2 0DT | Detached | £427,500 | 9 Mar 2026 |
36F, BRECON CLOSE IP2 8RG | Flat/Maisonette | £78,000 | 6 Mar 2026 |
FLAT 31, CENTRUM COURT, 2, POOLEYS YARD IP2 0AR | Flat/Maisonette |
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.