Mill Lane - IP31 3QB
Key Postcode Insights
IP31 3QB is a residential postcode situated on Mill Lane, Thurston, Bury St. Edmunds, IP31 with 2 addresses.
It ranks as the 91st largest of the 764 postcodes in the IP31 area.
The postcode contains a total of 2 properties: 1 house and 1 other property.
- Ave. Sale Price
- £648,011
- 10 Year change
- up 20.3%
- Ave. Rental Price
- £1,462pcm
- 10 Year change
- up 49.9%
- Ave. £ per ft²
- £330/ft²
- Ave. Gross Yield
- 2.7%/year/yr
Key Postcode Insights
IP31 3QB is a residential postcode situated on Mill Lane, Thurston, Bury St. Edmunds, IP31 with 2 addresses.
It ranks as the 91st largest of the 764 postcodes in the IP31 area.
The postcode contains a total of 2 properties: 1 house and 1 other property.
- Ave. Sale Price
- £648,011
- 10 Year change
- up 20.3%
- Ave. Rental Price
- £1,462pcm
- 10 Year change
- up 49.9%
- Ave. £ per ft²
- £330/ft²
- Ave. Gross Yield
- 2.7%/year/yr
Sales Market Trends
The last sale in IP31 3QB sold for £575,000 on 16th September 2022. Since then prices are down an average of 4.2%.
The current average value in the postcode is £648,011.
The IP31 3QB Sales Market has increased by 20.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.3% | £648,011 |
| June 2025 | 3% | £669,849 |
| June 2024 | -3.1% | £650,463 |
| June 2023 | 0.9% | £671,395 |
| June 2022 | 6.7% | £665,210 |
| June 2021 | 5% | £623,729 |
| June 2020 | 3.5% | £594,113 |
| June 2019 | -2.3% | £573,991 |
| June 2018 | 1.6% | £587,438 |
| June 2017 | 7.3% | £577,993 |
| June 2016 | 7.3% | £538,847 |
| June 2015 | 5.8% | £502,255 |
| June 2014 | 11% | £474,740 |
| June 2013 | 0.2% | £427,579 |
| June 2012 | 1% | £426,883 |
| June 2011 | 0.3% | £422,815 |
| June 2010 | 12% | £421,356 |
| June 2009 | -10.6% | £376,129 |
| June 2008 | -3.2% | £420,633 |
| June 2007 | 0% | £434,500 |
Rental Market Trends
The current average rental value in the postcode is £1,462.
The IP31 3QB Rental Market has increased by 49.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.3% | £1,462pcm |
| June 2025 | 5.3% | £1,429pcm |
| June 2024 | 5.6% | £1,357pcm |
| June 2023 | 6.9% | £1,286pcm |
| June 2022 | 6.8% | £1,203pcm |
| June 2021 | 7.9% | £1,126pcm |
| June 2020 | 1.1% | £1,044pcm |
| June 2019 | 1% | £1,032pcm |
| June 2018 | 1.8% | £1,022pcm |
| June 2017 | 2.9% | £1,004pcm |
| June 2016 | 6.1% | £975pcm |
| June 2015 | 2.3% | £919pcm |
| June 2014 | 3.1% | £898pcm |
| June 2013 | 1.7% | £871pcm |
| June 2012 | 0% | £857pcm |
| June 2011 | 2.4% | £857pcm |
| June 2010 | 7.9% | £837pcm |
| June 2009 | -3.8% | £776pcm |
| June 2008 | 1.4% | £806pcm |
| June 2007 | 0% | £795pcm |
Sales History
The last recorded sale was on 16th September 2022 for £575,000 and since then the market in the area has decreased by 4.2%.
IP31 3QB has had 2 sales since 1995, none of them in the last three years.
- Sold Sep 2022£575,000 | 4 Bed HouseMillfields Cottage, Mill Lane, Bury St. Edmunds, IP31 3QBMillfields Cottage, Mill Lane, Bury St. Edmunds, IP31 3QB
- Sold Jul 2003£290,000 | 4 Bed HouseMillfields Cottage, Mill Lane, Bury St. Edmunds, IP31 3QBMillfields Cottage, Mill Lane, Bury St. Edmunds, IP31 3QB
Nearby Postcodes
IP31 3QB is the 91st largest and the 703rd most expensive postcode out of the 764 postcodes in the IP31 area.
- IP31 3QD, Ixworth Road, Thurston, Bury St. Edmunds, IP31IP31 3QD1 Address|51 m away
- IP31 3UR, Shaw Drive, Thurston, Bury St. Edmunds, IP31IP31 3UR16 Addresses|458 m away
- IP31 3US, Bennett Close, Thurston, Bury St. Edmunds, IP31IP31 3US15 Addresses|489 m away
- IP31 3UQ, Cook Mews, Thurston, Bury St. Edmunds, IP31IP31 3UQ24 Addresses|494 m away
- IP31 3UJ, Double Road, Thurston, Bury St. Edmunds, IP31IP31 3UJ29 Addresses|539 m away
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 1 property.
- The most common rating is E.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (1)
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 Academy2.8 km away
- Norton CEVC Primary School4.0 km away
- Rougham Church of England Primary School4.0 km away
- Thurston Community College1.0 km away
- Sybil Andrews Academy4.2 km away
- Ixworth High School4.7 km away
More reading links
Public Transport Nearby
The closest station to IP31 3QB is Thurston station, which is 1.5 kilometres away.
- Thurston|1.5 km away
- Bury St Edmunds|6.7 km away
- Elmswell|7.5 km away
- Stowmarket|15.3 km away
