IP31 3RP is a residential postcode situated on Church Road, Thurston, Bury St. Edmunds, IP31 with 8 addresses.
It ranks as the 370th largest and 296th most expensive of the 763 postcodes in the IP31 area.
The postcode contains a total of 8 properties: 7 houses and 1 flat.
IP31 3RP is a residential postcode situated on Church Road, Thurston, Bury St. Edmunds, IP31 with 8 addresses.
It ranks as the 370th largest and 296th most expensive of the 763 postcodes in the IP31 area.
The postcode contains a total of 8 properties: 7 houses and 1 flat.
Sale prices range from £161,610 for 2 bedroom leasehold flats (656 ft2) to £539,462 for 5 bedroom freehold houses with a garden (2,300 ft2) .
Monthly rental prices range from £838 pcm for 2 bed flats to £2,130 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 6.2%.
The average value per square foot is £317.
The last sale in IP31 3RP sold for £365,000 on 10th January 2025. Since then prices are down an average of 2.3%.
The current average value in the postcode is £327,881.
The IP31 3RP Sales Market has increased by 19.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.3% | £327,881 |
| April 2025 | 1.6% | £339,050 |
| April 2024 | -3.3% | £333,712 |
| April 2023 | 2.6% | £345,053 |
| April 2022 | 6.5% | £336,258 |
| April 2021 | 3.7% | £315,721 |
| April 2020 | 1.8% | £304,343 |
| April 2019 | -1.8% | £299,007 |
| April 2018 | 1.9% | £304,454 |
| April 2017 | 8.9% | £298,722 |
| April 2016 | 6.5% | £274,431 |
| April 2015 | 6.1% | £257,795 |
| April 2014 | 10.5% | £243,069 |
| April 2013 | 2.2% | £219,979 |
| April 2012 | -0.9% | £215,152 |
| April 2011 | 1.9% | £217,111 |
| April 2010 | 6.8% | £212,975 |
| April 2009 | -12.9% | £199,456 |
| April 2008 | -0.3% | £228,966 |
| April 2007 | 0% | £229,575 |
The current average rental value in the postcode is £1,424.
The IP31 3RP Rental Market has increased by 46.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.6% | £1,424pcm |
| April 2025 | 4.3% | £1,388pcm |
| April 2024 | 5% | £1,331pcm |
| April 2023 | 7.1% | £1,267pcm |
| April 2022 | 7.7% | £1,183pcm |
| April 2021 | 6.4% | £1,098pcm |
| April 2020 | 1.5% | £1,032pcm |
| April 2019 | 0.2% | £1,017pcm |
| April 2018 | 1.9% | £1,015pcm |
| April 2017 | 2.5% | £996pcm |
| April 2016 | 6% | £972pcm |
| April 2015 | 2.3% | £917pcm |
| April 2014 | 6% | £896pcm |
| April 2013 | 5.3% | £845pcm |
| April 2012 | 1.2% | £803pcm |
| April 2011 | 5.4% | £793pcm |
| April 2010 | 3.4% | £752pcm |
| April 2009 | -6.6% | £728pcm |
| April 2008 | 5.4% | £779pcm |
| April 2007 | 0% | £739pcm |
The last sale was on 10th January 2025 for £365,000 and since then the market in the area has decreased by 2.3%. The postcode has had a total of 19 sales since 1995.
IP31 3RP has seen 1 sale in the last three years and no sales in the last twelve months.
IP31 3RP is the 370th largest and the 296th most expensive postcode out of the 763 postcodes in the IP31 area.
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The closest station to IP31 3RP is Thurston station which is 1.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around IP31 3RP, 37.7% of property is privately owned outright and 32.9% is privately owned with a mortgage.
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 IP31 3RP, 19.3% of residents are recorded as possessing school level qualifications and 30.2% 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 IP31 3RP, the average age was 44.3 and the most common age was 57.
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 IP31 3RP, 0.3% 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 IP31 3RP, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.