The Owell - IP31 2LE
Key Postcode Insights
IP31 2LE is a residential postcode situated on The Owell, Pakenham, Bury St. Edmunds, IP31 with 44 addresses.
It ranks as the 734th largest and 169th most expensive of the 764 postcodes in the IP31 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 44 properties: 40 houses and 4 flats.
- Ave. Sale Price
- £270,207
- 10 Year change
- up 16.1%
- Ave. Rental Price
- £1,153pcm
- 10 Year change
- up 43.8%
- Ave. £ per ft²
- £306/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
IP31 2LE is a residential postcode situated on The Owell, Pakenham, Bury St. Edmunds, IP31 with 44 addresses.
It ranks as the 734th largest and 169th most expensive of the 764 postcodes in the IP31 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 44 properties: 40 houses and 4 flats.
- Ave. Sale Price
- £270,207
- 10 Year change
- up 16.1%
- Ave. Rental Price
- £1,153pcm
- 10 Year change
- up 43.8%
- Ave. £ per ft²
- £306/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin IP31 2LE
- 1 The Owell
Unknown
- 2 The Owell
3 Bed Mid-century House
- 3 The Owell
Unknown
- 4 The Owell
3 Bed Mid-century House
- 5 The Owell
3 Bed Mid-century House
Sales Market Trends
The last sale in IP31 2LE sold for £355,000 on 16th September 2025. Since then prices are down an average of 2.1%.
The current average value in the postcode is £270,207.
The IP31 2LE Sales Market has increased by 16.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.7% | £270,207 |
| June 2025 | 2.8% | £277,745 |
| June 2024 | -2.9% | £270,127 |
| June 2023 | 0% | £278,067 |
| June 2022 | 6.8% | £278,071 |
| June 2021 | 3.4% | £260,276 |
| June 2020 | 2.2% | £251,631 |
| June 2019 | -2.4% | £246,226 |
| June 2018 | 2% | £252,179 |
| June 2017 | 6.3% | £247,262 |
| June 2016 | 7.6% | £232,715 |
| June 2015 | 6.3% | £216,372 |
| June 2014 | 12.3% | £203,605 |
| June 2013 | -0.3% | £181,308 |
| June 2012 | 1.5% | £181,827 |
| June 2011 | -0.2% | £179,146 |
| June 2010 | 9.4% | £179,577 |
| June 2009 | -12.9% | £164,153 |
| June 2008 | -3.6% | £188,540 |
| June 2007 | 0% | £195,526 |
Rental Market Trends
The current average rental value in the postcode is £1,153.
The IP31 2LE Rental Market has increased by 43.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.9% | £1,153pcm |
| June 2025 | 5.1% | £1,121pcm |
| June 2024 | 5.5% | £1,067pcm |
| June 2023 | 5.7% | £1,012pcm |
| June 2022 | 6.9% | £957pcm |
| June 2021 | 6.4% | £895pcm |
| June 2020 | 0.4% | £842pcm |
| June 2019 | 0.6% | £839pcm |
| June 2018 | 1.7% | £834pcm |
| June 2017 | 2.2% | £819pcm |
| June 2016 | 6.7% | £802pcm |
| June 2015 | 2.3% | £752pcm |
| June 2014 | 4.2% | £735pcm |
| June 2013 | 1.5% | £705pcm |
| June 2012 | -0.3% | £695pcm |
| June 2011 | 2.6% | £697pcm |
| June 2010 | 6.1% | £680pcm |
| June 2009 | -6.8% | £641pcm |
| June 2008 | 0.9% | £687pcm |
| June 2007 | 0% | £681pcm |
Sales History
The last sale was on 16th September 2025 for £355,000 and since then the market in the area has decreased by 2.1%. The postcode has had a total of 29 sales since 1995.
IP31 2LE has seen 3 sales in the last three years and 1 sale in the last twelve months.
- Sold Sep 2025£355,000 | 3 Bed House11, The Owell, Bury St. Edmunds, IP31 2LE11, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Mar 2025£195,000 | 3 Bed House26, The Owell, Bury St. Edmunds, IP31 2LE26, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Oct 2024£308,000 | 3 Bed House18, The Owell, Bury St. Edmunds, IP31 2LE18, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Jul 2022£251,000 | 3 Bed House7, The Owell, Bury St. Edmunds, IP31 2LE7, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Jan 2022£310,000 | 3 Bed House5, The Owell, Bury St. Edmunds, IP31 2LE5, The Owell, Bury St. Edmunds, IP31 2LE
Nearby Postcodes
IP31 2LE is the 734th largest and the 169th most expensive postcode out of the 764 postcodes in the IP31 area.
- IP31 2LF, The Owell, Pakenham, Bury St. Edmunds, IP31IP31 2LF33 Addresses|83 m away
- IP31 2ND, St. Marys View, Pakenham, Bury St. Edmunds, IP31IP31 2ND15 Addresses|136 m away
- IP31 2JU, The Street, Pakenham, Bury St. Edmunds, IP31IP31 2JU46 Addresses|234 m away
- IP31 2JX, The Street, Pakenham, Bury St. Edmunds, IP31IP31 2JX10 Addresses|266 m away
- IP31 2JJ, The Greenwoods, Pakenham, Bury St. Edmunds, IP31IP31 2JJ6 Addresses|288 m away
Property Types
- 25 mid-century houses built between 1936 and 1979
- 3 mid-century flats built between 1936 and 1979
- 1 early-century house built between 1912 and 1935
- 15 other addresses of unknown type
- mid-century house (25)
- mid-century flat (3)
- early-century house (1)
- Unknown (15)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 29 properties.
- The most common rating is D.
- A (0)
- E (7)
- B (1)
- F (0)
- C (6)
- G (0)
- D (15)
- No EPC (15)
Top 3 Most Expensive Sales
- Sold Sep 2025£355,000 | 3 Bed House11, The Owell, Bury St. Edmunds, IP31 2LE11, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Jan 2022£310,000 | 3 Bed House5, The Owell, Bury St. Edmunds, IP31 2LE5, The Owell, Bury St. Edmunds, IP31 2LE
- Sold Oct 2024£308,000 | 3 Bed House18, The Owell, Bury St. Edmunds, IP31 2LE18, The Owell, Bury St. Edmunds, IP31 2LE
Schools Nearby
- Ixworth Church of England Primary School3.1 km away
- Great Barton Church of England Primary Academy3.5 km away
- Norton CEVC Primary School3.5 km away
- Thurston Community College2.1 km away
- Ixworth High School3.5 km away
- Sybil Andrews Academy5.4 km away
More reading links
Public Transport Nearby
The closest station to IP31 2LE is Thurston station, which is 2.6 kilometres away.
- Thurston|2.6 km away
- Elmswell|7.2 km away
- Bury St Edmunds|7.7 km away
- Stowmarket|15.1 km away
