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Elmswell House Prices Elmswell House Prices

The average house price in Elmswell is £441,250 using HM Land Registry data.

The average property price increased by £65,520 (21.98%) over the last 5 years and increased by £13,095 (3.74%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 59 transactions (-93.65%) relative to the previous year. The majority of house sales (13) were in the £180,000 - £236,000 range. Then came properties in the £236,000 - £292,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 158 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,794 (-1%).

In April 2024, there were 11 new estate agency instructions, 4 agreed home sales and 9 property price reductions.

Postcodes Covered: IP30

5-Year Average Property Prices in Elmswell

21.98%

Property prices in Elmswell increased by 21.98% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Elmswell Over the Last Year

3.74%

Property prices in Elmswell increased by 3.74% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Elmswell - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Elmswell

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Elmswell

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Elmswell

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Elmswell since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Elmswell area since 1995.

Recent Property Sales in Elmswell

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Matrachia, Ashfield Road, Elmswell, Bury St Edmunds, Suffolk, IP30 9HJ£475,000£435,000-£40,00023 Jun 202301 Dec 2023161 Days
13 Pyes Meadow, Elmswell, Bury St Edmunds, Suffolk, IP30 9UF£258,000£258,000£0025 Apr 202310 Nov 2023199 Days
15 Whatley Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9GJ£365,000£360,000-£5,00019 Jun 202331 Oct 2023134 Days
42 Eastern Way, Elmswell, Bury St Edmunds, Suffolk, IP30 9DP£237,500£227,500-£10,00017 Mar 202323 Oct 2023220 Days
11 Orchard Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9UJ£280,000£280,000£0026 Jun 202320 Oct 2023116 Days
9 Old Schools Court, Elmswell, Bury St Edmunds, Suffolk, IP30 9NL£185,000£185,000£0014 Jul 202313 Oct 202391 Days
3 Rose Lane, Elmswell, Bury St Edmunds, Suffolk, IP30 9EB£230,000£202,000-£28,00026 Jul 202313 Oct 202379 Days
Jamita, Oak Lane, Elmswell, Bury St Edmunds, Suffolk, IP30 9HH£425,000£420,000-£5,00027 Jan 202309 Oct 2023255 Days
7 Pyes Meadow, Elmswell, Bury St Edmunds, Suffolk, IP30 9UF£235,000£227,500-£7,50003 Jul 202305 Oct 202394 Days
16 Gardeners Walk, Elmswell, Bury St Edmunds, Suffolk, IP30 9ET£500,000£495,000-£5,00031 Mar 202302 Oct 2023185 Days
4 Old Schools Court, Elmswell, Bury St Edmunds, Suffolk, IP30 9NL£165,000£150,000-£15,00025 Apr 202301 Sep 2023129 Days
8 Crown Mill, Elmswell, Bury St Edmunds, Suffolk, IP30 9GF£350,000£337,500-£12,50003 Apr 202301 Sep 2023151 Days
9 Loch Rannoch Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9FA£375,000£365,000-£10,00022 Mar 202301 Sep 2023163 Days
21 Whatley Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9GJ£385,000£385,000£0011 May 202331 Aug 2023112 Days
23 Old Schools Court, Elmswell, Bury St Edmunds, Suffolk, IP30 9NL£240,000£240,000£0012 May 202329 Aug 2023109 Days
26 Blacksmiths Way, Elmswell, Bury St Edmunds, Suffolk, IP30 9GH£250,000£247,000-£3,00027 Feb 202328 Jul 2023151 Days
Amberlea, Warren Lane, Elmswell, Bury St Edmunds, Suffolk, IP30 9DT£650,000£625,000-£25,00013 Jan 202321 Jul 2023189 Days
10 Orchard Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9UJ£220,000£213,375-£6,62510 Mar 202330 Jun 2023112 Days
5 William Armstrong Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9UB£220,000£215,000-£5,00023 Mar 202330 Jun 202399 Days
7 Oxer Close, Elmswell, Bury St Edmunds, Suffolk, IP30 9UE£350,000£348,000-£2,00001 Mar 202329 Jun 2023120 Days

Most Expensive Streets in Elmswell

PostcodeStreetAreaAverageNo. of Sales
IP30 9DXSpong LaneElmswell£559,5005
IP30 9HQButtenhaugh GreenElmswell£529,5005
IP30 9FRHawk GreenElmswell£501,6663
IP30 9FLUpper CrosswayElmswell£498,3333
IP30 9BTNew RoadElmswell£485,9438
IP30 9DTWarren LaneElmswell£465,0007
IP30 9ETGardeners WalkElmswell£428,1254
IP30 9HJAshfield RoadElmswell£418,0559
IP30 9YJProcession WayElmswell£402,38021
IP30 9DYChurch RoadElmswell£401,6077

Least Expensive Streets in Elmswell

PostcodeStreetAreaAverageNo. of Sales
IP30 9HBThe GranaryElmswell£114,5003
IP30 9DWElliston CloseElmswell£164,0504
IP30 9NLOld Schools CourtElmswell£181,6119
IP30 9GYWhite House BarnsElmswell£188,0003
IP30 9EXBennett AvenueElmswell£198,40010
IP30 9DHJubilee TerraceElmswell£209,0003
IP30 9UABennett AvenueElmswell£209,7504
IP30 9DAThedwastre CloseElmswell£216,8754
IP30 9DNRowan GreenElmswell£221,9166
IP30 9UJOrchard CloseElmswell£222,38314

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