Mill Lane - IP31 3QA
Key Postcode Insights
IP31 3QA is a residential postcode situated on Mill Lane, Thurston, Bury St. Edmunds, IP31 with 16 addresses.
It ranks as the 550th largest and 576th 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 16 properties: 16 houses.
- Ave. Sale Price
- £505,901
- 10 Year change
- up 19.8%
- Ave. Rental Price
- £1,435pcm
- 10 Year change
- up 49.3%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 3.4%/year/yr
Key Postcode Insights
IP31 3QA is a residential postcode situated on Mill Lane, Thurston, Bury St. Edmunds, IP31 with 16 addresses.
It ranks as the 550th largest and 576th 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 16 properties: 16 houses.
- Ave. Sale Price
- £505,901
- 10 Year change
- up 19.8%
- Ave. Rental Price
- £1,435pcm
- 10 Year change
- up 49.3%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 3.4%/year/yr
Explore Propertiesin IP31 3QA
- 1 Hillside Mill Lane
3 Bed Mid-century House
- 1 Stone Cottages Mill Lane
3 Bed Period House
- 2 Hillside Mill Lane
4 Bed Mid-century House
- 2 Stone Cottages Mill Lane
3 Bed Period House
- 3 Hillside Mill Lane
4 Bed Modern House
Sales Market Trends
The last sale in IP31 3QA sold for £620,000 on 25th October 2024. Since then prices are down an average of 1.3%.
The current average value in the postcode is £505,901.
The IP31 3QA Sales Market has increased by 19.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.1% | £505,901 |
| June 2025 | 3% | £522,182 |
| June 2024 | -3.2% | £506,811 |
| June 2023 | 0.6% | £523,338 |
| June 2022 | 7% | £520,026 |
| June 2021 | 4.7% | £486,212 |
| June 2020 | 3.1% | £464,264 |
| June 2019 | -2.3% | £450,492 |
| June 2018 | 1.8% | £461,187 |
| June 2017 | 7.2% | £452,936 |
| June 2016 | 7.7% | £422,350 |
| June 2015 | 6.1% | £392,278 |
| June 2014 | 11.5% | £369,758 |
| June 2013 | 0% | £331,548 |
| June 2012 | 1.1% | £331,456 |
| June 2011 | 0.4% | £327,850 |
| June 2010 | 11.3% | £326,692 |
| June 2009 | -11.4% | £293,410 |
| June 2008 | -3.2% | £331,288 |
| June 2007 | 0% | £342,348 |
Rental Market Trends
The current average rental value in the postcode is £1,435.
The IP31 3QA Rental Market has increased by 49.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.4% | £1,435pcm |
| June 2025 | 5.4% | £1,401pcm |
| June 2024 | 5.5% | £1,329pcm |
| June 2023 | 6.6% | £1,260pcm |
| June 2022 | 7.2% | £1,182pcm |
| June 2021 | 7.6% | £1,103pcm |
| June 2020 | 0.7% | £1,025pcm |
| June 2019 | 0.9% | £1,018pcm |
| June 2018 | 2% | £1,009pcm |
| June 2017 | 2.9% | £989pcm |
| June 2016 | 6.5% | £961pcm |
| June 2015 | 2.6% | £902pcm |
| June 2014 | 3.5% | £879pcm |
| June 2013 | 1.5% | £849pcm |
| June 2012 | 0.1% | £837pcm |
| June 2011 | 2.4% | £836pcm |
| June 2010 | 7.2% | £816pcm |
| June 2009 | -4.7% | £761pcm |
| June 2008 | 1.4% | £798pcm |
| June 2007 | 0% | £788pcm |
Sales History
The last sale was on 25th October 2024 for £620,000 and since then the market in the area has decreased by 1.3%. The postcode has had a total of 17 sales since 1995.
IP31 3QA has seen 4 sales in the last three years and no sales in the last twelve months.
- Sold Oct 2024£620,000 | 4 Bed House1, Mill Lane, Bury St. Edmunds, IP31 3QA1, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Sep 2023£575,000 | 4 Bed HouseMill Lane Cottage, Mill Lane, Bury St. Edmunds, IP31 3QAMill Lane Cottage, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Sep 2023£362,500 | 3 Bed House1 Stone Cottages, Mill Lane, Bury St. Edmunds, IP31 3QA1 Stone Cottages, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Jun 2023£385,000 | 3 Bed House2 Stone Cottages, Mill Lane, Bury St. Edmunds, IP31 3QA2 Stone Cottages, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Oct 2022£885,000 | 5 Bed HouseOrchard Barn, Mill Lane, Bury St. Edmunds, IP31 3QAOrchard Barn, Mill Lane, Bury St. Edmunds, IP31 3QA
Nearby Postcodes
IP31 3QA is the 550th largest and the 576th most expensive postcode out of the 764 postcodes in the IP31 area.
- IP31 3UU, Smith Close, Thurston, Bury St. Edmunds, IP31IP31 3UU13 Addresses|139 m away
- IP31 3UW, Ghent Field Walk, Thurston, Bury St. Edmunds, IP31IP31 3UW8 Addresses|160 m away
- IP31 3UP, Ghent Field Circle, Thurston, Bury St. Edmunds, IP31IP31 3UP68 Addresses|169 m away
- IP31 3UT, Bassett Road, Thurston, Bury St. Edmunds, IP31IP31 3UT57 Addresses|185 m away
- IP31 3QP, Jacob Close, Thurston, Bury St. Edmunds, IP31IP31 3QP4 Addresses|200 m away
Property Types
- 2 period houses built between 1800 and 1911
- 3 modern houses built after 1980
- 6 mid-century houses built between 1936 and 1979
- 5 other addresses of unknown type
- period house (2)
- modern house (3)
- mid-century house (6)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 11 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (2)
- F (0)
- C (3)
- G (0)
- D (4)
- No EPC (5)
Top 3 Most Expensive Sales
- Sold Oct 2022£885,000 | 5 Bed HouseOrchard Barn, Mill Lane, Bury St. Edmunds, IP31 3QAOrchard Barn, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Sep 2016£765,000 | 5 Bed HouseAshworth House, Mill Lane, Bury St. Edmunds, IP31 3QAAshworth House, Mill Lane, Bury St. Edmunds, IP31 3QA
- Sold Nov 2018£710,000 | 5 Bed HouseAshworth House, Mill Lane, Bury St. Edmunds, IP31 3QAAshworth House, Mill Lane, Bury St. Edmunds, IP31 3QA
Schools Nearby
- Great Barton Church of England Primary Academy2.6 km away
- Rougham Church of England Primary School3.4 km away
- Abbots Green Primary Academy3.8 km away
- Thurston Community College500 m away
- Sybil Andrews Academy3.5 km away
- Ixworth High School5.4 km away
More reading links
Public Transport Nearby
The closest station to IP31 3QA is Thurston station, which is 1.0 kilometres away.
- Thurston|1.0 km away
- Bury St Edmunds|6.2 km away
- Elmswell|7.7 km away
- Stowmarket|15.3 km away
