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Reydon House Prices Reydon House Prices

The average house price in Reydon is £145,000 using HM Land Registry data.

The average property price increased by £121,604 (39.08%) over the last 5 years and increased by £24,304 (5.95%) over the last 12 months.

Over the last year, there were 32 residential property sales – a decrease of 24 transactions (-75.00%) relative to the previous year. The majority of house sales (7) were in the £250,000 - £322,000 range. Then came properties in the £466,000 - £538,000 range, where 6 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,640 (-3%).

In April 2024, there were 12 new estate agency instructions, 11 agreed home sales and 12 property price reductions.

Neighbouring Areas: Southwold

Postcodes Covered: IP18

5-Year Average Property Prices in Reydon

39.08%

Property prices in Reydon increased by 39.08% 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 Reydon Over the Last Year

5.95%

Property prices in Reydon increased by 5.95% 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 Reydon - 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 Reydon

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 Reydon

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 Reydon

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 Reydon since 1995

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

Recent Property Sales in Reydon

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Lakeside Park Drive, Reydon, Southwold, Suffolk, IP18 6YB£595,000£590,000-£5,00006 Sep 202311 Jan 2024127 Days
6 Three Marsh Lane, Reydon, Southwold, Suffolk, IP18 6NP£550,000£525,000-£25,00008 May 202327 Oct 2023172 Days
11 Mallard Road, Reydon, Southwold, Suffolk, IP18 6XW£475,000£473,000-£2,00004 Apr 202325 Aug 2023143 Days
2 Dove Road, Reydon, Southwold, Suffolk, IP18 6XJ£475,000£475,000£0003 Feb 202321 Jul 2023168 Days
38 The Drive, Reydon, Southwold, Suffolk, IP18 6PP£325,000£315,000-£10,00006 Feb 202318 Jul 2023162 Days
1 Fieldview Close, Reydon, Southwold, Suffolk, IP18 6PR£450,000£450,000£0021 Mar 202330 Jun 2023101 Days
19 Halesworth Road, Reydon, Southwold, Suffolk, IP18 6NH£425,000£420,000-£5,00006 Dec 202230 Jun 2023206 Days
Lilac Cottage, Princess Road, Reydon, Southwold, Suffolk, IP18 6QW£325,000£315,000-£10,00030 Mar 202329 Jun 202391 Days
2 Lakeside Park Drive, Reydon, Southwold, Suffolk, IP18 6YB£675,000£640,000-£35,00011 Apr 202328 Jun 202378 Days
11 Harrison Green, Reydon, Southwold, Suffolk, IP18 6XA£230,000£227,500-£2,50026 Dec 202223 Jun 2023179 Days
4 Long Marsh Close, Reydon, Southwold, Suffolk, IP18 6RS£500,000£470,000-£30,00010 Oct 202231 May 2023233 Days
15 Old School Drive, Reydon, Southwold, Suffolk, IP18 6JZ£270,000£270,000£0024 Feb 202325 May 202390 Days
8 The Crescents, Reydon, Southwold, Suffolk, IP18 6RT£375,000£360,000-£15,00018 Oct 202202 Mar 2023135 Days
5 Gorse Road, Reydon, Southwold, Suffolk, IP18 6NQ£949,000£920,000-£29,00011 Oct 202228 Feb 2023140 Days
45 Halesworth Road, Reydon, Southwold, Suffolk, IP18 6NR£650,000£600,000-£50,00014 Sep 202220 Feb 2023159 Days
12 Elliott Avenue, Reydon, Southwold, Suffolk, IP18 6QX£300,000£295,000-£5,00004 Oct 202221 Dec 202278 Days
5 Lupin Close, Reydon, Southwold, Suffolk, IP18 6NW£495,000£477,000-£18,00001 Sep 202215 Dec 2022105 Days
2 Old School Drive, Reydon, Southwold, Suffolk, IP18 6JZ£300,000£280,000-£20,00023 Jun 202215 Dec 2022175 Days
23 Hillfield Court, Reydon, Southwold, Suffolk, IP18 6RU£575,000£575,000£0026 Jul 202230 Nov 2022127 Days
20 Elliott Avenue, Reydon, Southwold, Suffolk, IP18 6QX£295,000£295,000£0029 Jul 202218 Oct 202281 Days

Most Expensive Streets in Reydon

PostcodeStreetAreaAverageNo. of Sales
IP18 6NQGorse RoadReydon£687,5004
IP18 6YBLakeside Park DriveReydon£566,5008
IP18 6PYWangford RoadReydon£560,1427
IP18 6RRBridge RoadReydon£522,3927
IP18 6PAWangford RoadReydon£503,5003
IP18 6RHHillside RoadReydon£499,0005
IP18 6NHHalesworth RoadReydon£477,5004
IP18 6NTKeens LaneReydon£466,2504
IP18 6QRFairfield RoadReydon£455,0004
IP18 6RENicholas DriveReydon£432,2147

Least Expensive Streets in Reydon

PostcodeStreetAreaAverageNo. of Sales
IP18 6FBBarbrook GreenReydon£121,1663
IP18 6RYOaklandsReydon£187,93315
IP18 6XBBelcher GreenReydon£188,0003
IP18 6XAHarrison GreenReydon£200,1663
IP18 6PLRye TerraceReydon£228,9333
IP18 6YEBarn CloseReydon£240,1663
IP18 6PQWindsor RoadReydon£244,6666
IP18 6YFFarmland CloseReydon£266,0003
IP18 6JZOld School DriveReydon£268,6119
IP18 6QXElliott AvenueReydon£278,3256

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