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Lakenheath House Prices Lakenheath House Prices

The average house price in Lakenheath is £285,000 using HM Land Registry data.

The average property price increased by £80,245 (38.53%) over the last 5 years and increased by £16,037 (5.89%) over the last 12 months.

Over the last year, there were 54 residential property sales – a decrease of 22 transactions (-40.74%) relative to the previous year. The majority of house sales (12) were in the £222,000 - £254,000 range. Then came properties in the £190,000 - £222,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,891 (-2%).

In April 2024, there were 17 new estate agency instructions, 8 agreed home sales and 6 property price reductions.

Postcodes Covered: IP27

5-Year Average Property Prices in Lakenheath

38.53%

Property prices in Lakenheath increased by 38.53% 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 Lakenheath Over the Last Year

5.89%

Property prices in Lakenheath increased by 5.89% 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 Lakenheath - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 Lakenheath

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 Lakenheath

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 Lakenheath

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 Lakenheath since 1995

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

Recent Property Sales in Lakenheath

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Warrener's Reach, Lakenheath, Brandon, Suffolk, IP27 9DJ£250,000£245,000-£5,00006 Apr 202312 Jul 202397 Days
10a, Maids Cross Hill, Lakenheath, Brandon, Suffolk, IP27 9EJ£390,000£380,000-£10,00030 May 202215 May 2023350 Days
9 Caudle Avenue, Lakenheath, Brandon, Suffolk, IP27 9AU£250,000£250,000£0002 Jul 202205 May 2023307 Days
4 Wings Road, Lakenheath, Brandon, Suffolk, IP27 9HW£350,000£350,000£0018 Jan 202331 Mar 202372 Days
23 Mill Road, Lakenheath, Brandon, Suffolk, IP27 9DU£375,000£365,000-£10,00024 Jun 202224 Mar 2023273 Days
15 Arrowhead Drive, Lakenheath, Brandon, Suffolk, IP27 9JN£270,000£240,000-£30,00007 Jun 202201 Mar 2023267 Days
26 Highfields Drive, Lakenheath, Brandon, Suffolk, IP27 9EH£350,000£345,000-£5,00006 Sep 202222 Feb 2023169 Days
7 Hallmark Close, Lakenheath, Brandon, Suffolk, IP27 9LX£350,000£325,000-£25,00029 Sep 202216 Feb 2023140 Days
21b, The Firs, Lakenheath, Brandon, Suffolk, IP27 9EX£210,000£205,000-£5,00018 Nov 202213 Feb 202387 Days
8 The Elders, Lakenheath, Brandon, Suffolk, IP27 9EY£240,000£232,500-£7,50010 Oct 202209 Feb 2023122 Days
53 Warren Close, Lakenheath, Brandon, Suffolk, IP27 9HE£280,000£265,000-£15,00005 Sep 202224 Jan 2023141 Days
11a, Sandgalls Road, Lakenheath, Brandon, Suffolk, IP27 9EE£250,000£240,000-£10,00031 May 202218 Jan 2023232 Days
3 Highfields Drive, Lakenheath, Brandon, Suffolk, IP27 9EH£250,000£245,000-£5,00009 Sep 202216 Jan 2023129 Days
35 Covey Way, Lakenheath, Brandon, Suffolk, IP27 9HJ£250,000£245,000-£5,00006 Jul 202209 Dec 2022156 Days
12 The Elders, Lakenheath, Brandon, Suffolk, IP27 9EY£190,000£187,000-£3,00009 Aug 202201 Dec 2022114 Days
8 Elm Close, Lakenheath, Brandon, Suffolk, IP27 9JH£240,000£238,000-£2,00017 May 202218 Nov 2022185 Days
2 Amis Court, Lakenheath, Brandon, Suffolk, IP27 9AN£210,000£205,000-£5,00014 Jul 202228 Oct 2022106 Days
10 Maids Cross Hill, Lakenheath, Brandon, Suffolk, IP27 9EJ£395,000£390,000-£5,00009 Jun 202228 Oct 2022141 Days
44 Woodcutters Way, Lakenheath, Brandon, Suffolk, IP27 9JQ£280,000£275,000-£5,00014 Sep 202216 Sep 20222 Days
25 Briscoe Way, Lakenheath, Brandon, Suffolk, IP27 9SA£280,000£275,000-£5,00003 May 202216 Sep 2022136 Days

Most Expensive Streets in Lakenheath

PostcodeStreetAreaAverageNo. of Sales
IP27 9JTHall DriveLakenheath£550,0001
IP27 9NDFlint WayLakenheath£425,0004
IP27 9JLDrift RoadLakenheath£417,5002
IP27 9JUDumplingbridge LaneLakenheath£400,0001
IP27 9EJMaids Cross HillLakenheath£385,0002
IP27 9NBGentle RiseLakenheath£357,6874
IP27 9FTKitchener CloseLakenheath£350,0005
IP27 9JAStation RoadLakenheath£348,0002
IP27 9EDPashford CloseLakenheath£340,0001
IP27 9HARoughlandsLakenheath£340,0001

Least Expensive Streets in Lakenheath

PostcodeStreetAreaAverageNo. of Sales
IP27 9DEGorse CloseLakenheath£130,50010
IP27 9HGThe CedarsLakenheath£136,3001
IP27 9DAAlbert Rolph DriveLakenheath£152,5004
IP27 9DDRoebuck DriveLakenheath£160,29511
IP27 9DYCemetery RoadLakenheath£165,0002
IP27 9ANAmis CourtLakenheath£167,5002
IP27 9JJDelph RoadLakenheath£170,0001
IP27 9DFRoebuck DriveLakenheath£170,0001
IP27 9LRMutford GreenLakenheath£170,0001
IP27 9HRWingfield RoadLakenheath£172,5006

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