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31 Mimas Way is a residential building situated on Mimas Way, Ipswich, IP1 with 4 addresses.
It ranks as the 296th largest and 399th most expensive of the 525 buildings in the IP1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
31 Mimas Way is a residential building situated on Mimas Way, Ipswich, IP1 with 4 addresses.
It ranks as the 296th largest and 399th most expensive of the 525 buildings in the IP1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £143,553 for 2 bedroom leasehold flats (538 ft2) to £152,496 for 2 bedroom leasehold flats (613 ft2) .
Monthly rental prices range from £774 pcm for 2 bed flats to £807 pcm for 2 bed flats.
The gross rental yield is between 6.3% and 6.5%.
The average value per square foot is £258.
The last sale in 31 Mimas Way sold for £160,000 on 27th March 2025. Since then prices are down an average of 2.8%.
The current average value in the building is £148,024.
The 31 Mimas Way Sales Market has increased by 18.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.4% | £148,024 |
| May 2025 | -1% | £151,739 |
| May 2024 | -2.9% | £153,278 |
| May 2023 | 2.9% | £157,863 |
| May 2022 | 6.6% | £153,473 |
| May 2021 | 2% | £144,012 |
| May 2020 | 0.5% | £141,166 |
| May 2019 | 2% | £140,403 |
| May 2018 | 5.5% | £137,604 |
| May 2017 | 4.2% | £130,490 |
| May 2016 | 7.7% | £125,202 |
| May 2015 | 4.3% | £116,270 |
| May 2014 | 7.3% | £111,436 |
| May 2013 | 2.6% | £103,834 |
| May 2012 | 0.2% | £101,189 |
| May 2011 | -0.3% | £101,035 |
| May 2010 | 4.3% | £101,292 |
| May 2009 | -17.3% | £97,126 |
| May 2008 | -4% | £117,392 |
| May 2007 | 0% | £122,235 |
The current average rental value in the building is £790.
The 31 Mimas Way Rental Market has increased by 42.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.3% | £790pcm |
| May 2025 | 3.9% | £765pcm |
| May 2024 | 8.8% | £736pcm |
| May 2023 | 7% | £677pcm |
| May 2022 | 7.6% | £632pcm |
| May 2021 | 2.4% | £588pcm |
| May 2020 | 1% | £574pcm |
| May 2019 | 0.5% | £568pcm |
| May 2018 | 1.1% | £565pcm |
| May 2017 | 0.9% | £559pcm |
| May 2016 | 4.6% | £554pcm |
| May 2015 | 1.8% | £530pcm |
| May 2014 | 3% | £520pcm |
| May 2013 | 1.8% | £505pcm |
| May 2012 | 1.5% | £496pcm |
| May 2011 | 2.7% | £489pcm |
| May 2010 | 1.6% | £476pcm |
| May 2009 | -11.5% | £468pcm |
| May 2008 | 0.8% | £529pcm |
| May 2007 | 0% | £525pcm |
The last sale was on 27th March 2025 for £160,000 and since then the market in the area has decreased by 2.8%. The building has had a total of 6 sales since 1995.
31, Mimas Way, Ipswich, IP1 5EX has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 31, Mimas Way, Ipswich, IP1 5EX is Ipswich station which is 2.8 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 31, Mimas Way, Ipswich, IP1 5EX, 38.8% of property is privately owned with a mortgage and 32.9% is socially rented.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 31, Mimas Way, Ipswich, IP1 5EX, 25.5% of residents are recorded as possessing school level qualifications and 21.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 31, Mimas Way, Ipswich, IP1 5EX, the average age was 37.2 and the most common age was 27.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 31, Mimas Way, Ipswich, IP1 5EX, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 31, Mimas Way, Ipswich, IP1 5EX, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.