Penzance Road - IP5 1LY
Key Postcode Insights
IP5 1LY is a residential postcode situated on Penzance Road, Kesgrave, Ipswich, IP5 with 9 addresses.
It ranks as the 421st largest and 650th 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 9 properties: 9 houses.
- Ave. Sale Price
- £322,399
- 10 Year change
- up 27.0%
- Ave. Rental Price
- £1,395pcm
- 10 Year change
- up 52.9%
- Ave. £ per ft²
- £345/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Postcode Insights
IP5 1LY is a residential postcode situated on Penzance Road, Kesgrave, Ipswich, IP5 with 9 addresses.
It ranks as the 421st largest and 650th 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 9 properties: 9 houses.
- Ave. Sale Price
- £322,399
- 10 Year change
- up 27.0%
- Ave. Rental Price
- £1,395pcm
- 10 Year change
- up 52.9%
- Ave. £ per ft²
- £345/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Propertiesin IP5 1LY
- 1A Penzance Road
Unknown
- 1B Penzance Road
4 Bed Modern House
- 1 Penzance Road
Unknown
- 3 Penzance Road
Unknown
- 5 Penzance Road
Unknown
Sales Market Trends
The last sale in IP5 1LY sold for £245,000 on 18th December 2020. Since then prices are up an average of 10.5%.
The current average value in the postcode is £322,399.
The IP5 1LY Sales Market has increased by 27.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.2% | £322,399 |
| June 2025 | 1% | £329,768 |
| June 2024 | -3.8% | £326,552 |
| June 2023 | 0.5% | £339,417 |
| June 2022 | 11% | £337,861 |
| June 2021 | 6.7% | £304,496 |
| June 2020 | -0.1% | £285,348 |
| June 2019 | 1.7% | £285,640 |
| June 2018 | 3% | £280,747 |
| June 2017 | 7.4% | £272,507 |
| June 2016 | 7.4% | £253,841 |
| June 2015 | 9.2% | £236,423 |
| June 2014 | 7.8% | £216,478 |
| June 2013 | 2% | £200,905 |
| June 2012 | 2.3% | £197,010 |
| June 2011 | 0.1% | £192,638 |
| June 2010 | 12.4% | £192,431 |
| June 2009 | -12.6% | £171,210 |
| June 2008 | -5.2% | £195,948 |
| June 2007 | 0% | £206,681 |
Rental Market Trends
The current average rental value in the postcode is £1,395.
The IP5 1LY Rental Market has increased by 52.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.1% | £1,395pcm |
| June 2025 | 4.8% | £1,366pcm |
| June 2024 | 5.7% | £1,303pcm |
| June 2023 | 6.9% | £1,233pcm |
| June 2022 | 9.3% | £1,153pcm |
| June 2021 | 6.6% | £1,055pcm |
| June 2020 | 1.7% | £990pcm |
| June 2019 | 1.3% | £973pcm |
| June 2018 | 2.5% | £961pcm |
| June 2017 | 2.7% | £938pcm |
| June 2016 | 4.7% | £912pcm |
| June 2015 | 5.2% | £872pcm |
| June 2014 | 2.4% | £829pcm |
| June 2013 | 1.6% | £810pcm |
| June 2012 | 2.2% | £797pcm |
| June 2011 | 4.2% | £780pcm |
| June 2010 | 4.6% | £748pcm |
| June 2009 | -7% | £716pcm |
| June 2008 | 1.9% | £769pcm |
| June 2007 | 0% | £755pcm |
Sales History
The last sale was on 18th December 2020 for £245,000 and since then the market in the area has increased by 10.5%. The postcode has had a total of 13 sales since 1995.
IP5 1LY has seen no sales in the last three years and no sales in the last twelve months.
- Sold Dec 2020£245,000 | 3 Bed House7, Penzance Road, Ipswich, IP5 1LY7, Penzance Road, Ipswich, IP5 1LY
- Sold Aug 2016£225,000 | 3 Bed House15, Penzance Road, Ipswich, IP5 1LY15, Penzance Road, Ipswich, IP5 1LY
- Sold Oct 2009£160,000 | 3 Bed House9, Penzance Road, Ipswich, IP5 1LY9, Penzance Road, Ipswich, IP5 1LY
- Sold May 2007£360,000 | 4 Bed House1B, Penzance Road, Ipswich, IP5 1LY1B, Penzance Road, Ipswich, IP5 1LY
- Sold Apr 2006£242,000 | 3 Bed House1A, Penzance Road, Ipswich, IP5 1LY1A, Penzance Road, Ipswich, IP5 1LY
Nearby Postcodes
IP5 1LY is the 421st largest and the 650th most expensive postcode out of the 1,345 postcodes in the IP5 area.
- IP5 1JW, Penzance Road, Kesgrave, Ipswich, IP5IP5 1JW8 Addresses|55 m away
- IP5 1LX, Falmouth Close, Kesgrave, Ipswich, IP5IP5 1LX28 Addresses|92 m away
- IP5 1LZ, Bell Lane, Kesgrave, Ipswich, IP5IP5 1LZ20 Addresses|123 m away
- IP5 1JL, Bell Lane, Kesgrave, Ipswich, IP5IP5 1JL12 Addresses|153 m away
- IP5 1AE, Ranulph Close, Kesgrave, Ipswich, IP5IP5 1AE3 Addresses|163 m away
Property Types
- 1 modern house built after 1980
- 4 mid-century houses built between 1936 and 1979
- 4 other addresses of unknown type
- modern house (1)
- mid-century house (4)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 5 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (2)
- G (0)
- D (2)
- No EPC (4)
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 School700 m away
- Broke Hall Community Primary School1.8 km away
- Kesgrave High School1.3 km away
- St Alban's Catholic High School2.3 km away
- Copleston High School2.6 km away
More reading links
Public Transport Nearby
The closest station to IP5 1LY is Derby Road (Ipswich) station, which is 3.5 kilometres away.
- Derby Road (Ipswich)|3.5 km away
- Westerfield|5.2 km away
- Ipswich|6.1 km away
- Woodbridge|6.9 km away
