Penzance Road - IP5 1LU
Key Postcode Insights
IP5 1LU is a residential postcode situated on Penzance Road, Kesgrave, Ipswich, IP5 with 19 addresses.
It ranks as the 828th largest and 744th most expensive of the 1,345 postcodes in the IP5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 19 properties: 19 houses.
- Ave. Sale Price
- £330,818
- 10 Year change
- up 26.9%
- Ave. Rental Price
- £1,335pcm
- 10 Year change
- up 53.0%
- Ave. £ per ft²
- £354/ft²
- Ave. Gross Yield
- 4.8%/year/yr
Key Postcode Insights
IP5 1LU is a residential postcode situated on Penzance Road, Kesgrave, Ipswich, IP5 with 19 addresses.
It ranks as the 828th largest and 744th most expensive of the 1,345 postcodes in the IP5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 19 properties: 19 houses.
- Ave. Sale Price
- £330,818
- 10 Year change
- up 26.9%
- Ave. Rental Price
- £1,335pcm
- 10 Year change
- up 53.0%
- Ave. £ per ft²
- £354/ft²
- Ave. Gross Yield
- 4.8%/year/yr
Explore Propertiesin IP5 1LU
- 17 Penzance Road
3 Bed House
- 19 Penzance Road
3 Bed Mid-century House
- 21 Penzance Road
3 Bed Mid-century House
- 23 Penzance Road
3 Bed House
- 25 Penzance Road
Unknown
Sales Market Trends
The last sale in IP5 1LU sold for £542,500 on 9th December 2022. Since then prices are down an average of 5.5%.
The current average value in the postcode is £330,818.
The IP5 1LU Sales Market has increased by 26.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.2% | £330,818 |
| June 2025 | 0.8% | £338,393 |
| June 2024 | -3.7% | £335,561 |
| June 2023 | 0.6% | £348,458 |
| June 2022 | 10.2% | £346,458 |
| June 2021 | 7.3% | £314,376 |
| June 2020 | 0.2% | £293,109 |
| June 2019 | 1.2% | £292,605 |
| June 2018 | 3.2% | £289,147 |
| June 2017 | 7.5% | £280,215 |
| June 2016 | 7.2% | £260,686 |
| June 2015 | 8.8% | £243,196 |
| June 2014 | 8.1% | £223,476 |
| June 2013 | 2% | £206,731 |
| June 2012 | 2.3% | £202,764 |
| June 2011 | -0.3% | £198,178 |
| June 2010 | 12.7% | £198,802 |
| June 2009 | -12.3% | £176,422 |
| June 2008 | -5.7% | £201,119 |
| June 2007 | 0% | £213,196 |
Rental Market Trends
The current average rental value in the postcode is £1,335.
The IP5 1LU Rental Market has increased by 53.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2% | £1,335pcm |
| June 2025 | 5.1% | £1,309pcm |
| June 2024 | 5.3% | £1,245pcm |
| June 2023 | 7% | £1,182pcm |
| June 2022 | 9.3% | £1,104pcm |
| June 2021 | 6.4% | £1,010pcm |
| June 2020 | 2.2% | £949pcm |
| June 2019 | 1.2% | £928pcm |
| June 2018 | 2.3% | £918pcm |
| June 2017 | 2.8% | £897pcm |
| June 2016 | 4.8% | £872pcm |
| June 2015 | 5.1% | £832pcm |
| June 2014 | 2.6% | £792pcm |
| June 2013 | 1.9% | £772pcm |
| June 2012 | 2.5% | £758pcm |
| June 2011 | 4.3% | £740pcm |
| June 2010 | 4.7% | £709pcm |
| June 2009 | -6.7% | £677pcm |
| June 2008 | 1.9% | £726pcm |
| June 2007 | 0% | £713pcm |
Sales History
The last sale was on 9th December 2022 for £542,500 and since then the market in the area has decreased by 5.5%. The postcode has had a total of 28 sales since 1995.
IP5 1LU has seen no sales in the last three years and no sales in the last twelve months.
- Sold Dec 2022£542,500 | 4 Bed House39, Penzance Road, Ipswich, IP5 1LU39, Penzance Road, Ipswich, IP5 1LU
- Sold Nov 2022£300,000 | 3 Bed House27, Penzance Road, Ipswich, IP5 1LU27, Penzance Road, Ipswich, IP5 1LU
- Sold Jun 2020£285,000 | 3 Bed House31, Penzance Road, Ipswich, IP5 1LU31, Penzance Road, Ipswich, IP5 1LU
- Sold Aug 2017£255,000 | 4 Bed House39, Penzance Road, Ipswich, IP5 1LU39, Penzance Road, Ipswich, IP5 1LU
- Sold Nov 2012£195,000 | 3 Bed House19, Penzance Road, Ipswich, IP5 1LU19, Penzance Road, Ipswich, IP5 1LU
Nearby Postcodes
IP5 1LU is the 828th largest and the 744th most expensive postcode out of the 1,345 postcodes in the IP5 area.
- IP5 1JS, Penzance Road, Kesgrave, Ipswich, IP5IP5 1JS16 Addresses|58 m away
- IP5 1LT, St. Ives Close, Kesgrave, Ipswich, IP5IP5 1LT10 Addresses|66 m away
- IP5 1EX, Oregon Road, Kesgrave, Ipswich, IP5IP5 1EX9 Addresses|114 m away
- IP5 1AE, Ranulph Close, Kesgrave, Ipswich, IP5IP5 1AE3 Addresses|124 m away
- IP5 1LR, Padstow Road, Kesgrave, Ipswich, IP5IP5 1LR5 Addresses|129 m away
Property Types
- 10 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 7 other addresses of unknown type
- mid-century house (10)
- house (2)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 10 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (4)
- G (0)
- D (6)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Dec 2022£542,500 | 4 Bed House39, Penzance Road, Ipswich, IP5 1LU39, Penzance Road, Ipswich, IP5 1LU
- Sold Oct 2018£505,000 | 5 Bed House26, Penzance Road, Ipswich, IP5 1JS26, Penzance Road, Ipswich, IP5 1JS
- Sold Mar 2026£475,000 | 3 Bed House6, Penzance Road, Ipswich, IP5 1JW6, Penzance Road, Ipswich, IP5 1JW
Schools Nearby
- Heath Primary School, Kesgrave700 m away
- Cedarwood Primary School800 m away
- Broke Hall Community Primary School1.6 km away
- Kesgrave High School1.4 km away
- St Alban's Catholic High School2.1 km away
- Copleston High School2.4 km away
More reading links
Public Transport Nearby
The closest station to IP5 1LU is Derby Road (Ipswich) station, which is 3.3 kilometres away.
- Derby Road (Ipswich)|3.3 km away
- Westerfield|5.0 km away
- Ipswich|5.9 km away
- Woodbridge|7.1 km away
