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Leiston House Prices Leiston House Prices

The average house price in Leiston is £165,000 using HM Land Registry data.

The average property price increased by £69,219 (30.67%) over the last 5 years and increased by £13,834 (4.92%) over the last 12 months.

Over the last year, there were 69 residential property sales – a decrease of 76 transactions (-110.14%) relative to the previous year. The majority of house sales (20) were in the £140,000 - £202,000 range. Then came properties in the £202,000 - £264,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 112 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,875 (-1%).

In April 2024, there were 10 new estate agency instructions, 9 agreed home sales and 6 property price reductions.

Neighbouring Areas: Aldeburgh

Postcodes Covered: IP16

5-Year Average Property Prices in Leiston

30.67%

Property prices in Leiston increased by 30.67% 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 Leiston Over the Last Year

4.92%

Property prices in Leiston increased by 4.92% 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 Leiston - 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 Leiston

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 Leiston

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 Leiston

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 Leiston since 1995

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

Recent Property Sales in Leiston

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5b, King Edward Road, Leiston, Suffolk, IP16 4HQ£275,000£265,000-£10,00002 Aug 202310 Jan 2024161 Days
76 Westward Ho, Leiston, Suffolk, IP16 4HU£219,995£217,000-£2,99531 Aug 202324 Nov 202385 Days
9 Haven Road, Leiston, Suffolk, IP16 4AZ£175,000£170,000-£5,00001 Aug 202316 Nov 2023107 Days
8 Sylvester Road, Leiston, Suffolk, IP16 4BH£230,000£220,000-£10,00012 Sep 202313 Nov 202362 Days
10 Prospect Place, Leiston, Suffolk, IP16 4AL£160,000£151,000-£9,00001 Aug 202307 Nov 202398 Days
124 King Georges Avenue, Leiston, Suffolk, IP16 4JJ£262,500£253,000-£9,50021 Feb 202326 Sep 2023217 Days
12 Paradise Place, Leiston, Suffolk, IP16 4DW£160,000£145,000-£15,00003 May 202315 Sep 2023135 Days
13 Red House Lane, Leiston, Suffolk, IP16 4LA£335,000£330,000-£5,00005 Jul 202313 Sep 202370 Days
2 Prospect Place, Leiston, Suffolk, IP16 4AL£185,000£185,000£0006 Jun 202331 Aug 202386 Days
21 Valley Road, Leiston, Suffolk, IP16 4AQ£155,000£152,500-£2,50029 Apr 202314 Aug 2023107 Days
8 Prospect Place, Leiston, Suffolk, IP16 4AL£185,000£185,000£0009 May 202302 Aug 202385 Days
25 Quakers Way, Leiston, Suffolk, IP16 4LH£280,000£273,500-£6,50008 Mar 202331 Jul 2023145 Days
21 Carr Avenue, Leiston, Suffolk, IP16 4JA£170,000£158,850-£11,15017 Feb 202307 Jul 2023140 Days
7 Mill Hill Estate, Aldringham, Leiston, Suffolk, IP16 4QB£185,000£178,000-£7,00006 Apr 202316 Jun 202371 Days
7 Upton Place, Leiston, Suffolk, IP16 4DE£210,000£210,000£0027 Mar 202309 Jun 202374 Days
21 The Gables, Leiston, Suffolk, IP16 4UZ£435,000£435,000£0017 Feb 202309 Jun 2023112 Days
16 Station Road, Leiston, Suffolk, IP16 4HD£220,000£200,000-£20,00027 Jan 202326 May 2023119 Days
45 King Georges Avenue, Leiston, Suffolk, IP16 4JX£200,000£195,000-£5,00007 Feb 202303 Apr 202355 Days
10 Aldeburgh Road, Leiston, Suffolk, IP16 4ED£310,000£300,000-£10,00006 Jan 202310 Mar 202363 Days
6 Carr Avenue, Leiston, Suffolk, IP16 4JA£270,000£265,000-£5,00021 Oct 202217 Feb 2023119 Days

Most Expensive Streets in Leiston

PostcodeStreetAreaAverageNo. of Sales
IP16 4DTHaylings RoadLeiston£454,1663
IP16 4PZMill HillAldringham£436,0008
IP16 4FJRowley MewsLeiston£430,7147
IP16 4TAAbbey RoadLeiston£405,0003
IP16 4PTAldeburgh RoadAldringham£397,1663
IP16 4UGPoppy WayLeiston£383,0006
IP16 4LRRed House LaneLeiston£380,6005
IP16 4FNOak DriveAldringham£372,58817
IP16 4WQPerrett WayLeiston£359,63213
IP16 4DUHaylings GroveLeiston£356,2504

Least Expensive Streets in Leiston

PostcodeStreetAreaAverageNo. of Sales
IP16 4AQValley RoadLeiston£110,1005
IP16 4AHLong RowLeiston£147,5836
IP16 4ELHigh StreetLeiston£155,9833
IP16 4GWWaterloo ParkLeiston£156,7506
IP16 4EZRoberts RoadLeiston£160,0007
IP16 4ARArchway CottagesValley Road£164,8333
IP16 4DAKings RoadLeiston£166,1878
IP16 4DGCross StreetLeiston£166,7506
IP16 4DDCentral RoadLeiston£169,97912
IP16 4XEOld Foundry PlaceLeiston£170,2857

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