Lancaster Drive - IP5 3TJ
Key Postcode Insights
IP5 3TJ is a residential postcode situated on Lancaster Drive, Martlesham Heath, Ipswich, IP5 with 45 addresses.
It ranks as the 1238th largest and 1252nd most expensive of the 1,345 postcodes in the IP5 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 45 properties: 28 houses and 17 flats.
- Ave. Sale Price
- £465,586
- 10 Year change
- up 20.9%
- Ave. Rental Price
- £1,771pcm
- 10 Year change
- up 46.5%
- Ave. £ per ft²
- £326/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Key Postcode Insights
IP5 3TJ is a residential postcode situated on Lancaster Drive, Martlesham Heath, Ipswich, IP5 with 45 addresses.
It ranks as the 1238th largest and 1252nd most expensive of the 1,345 postcodes in the IP5 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 45 properties: 28 houses and 17 flats.
- Ave. Sale Price
- £465,586
- 10 Year change
- up 20.9%
- Ave. Rental Price
- £1,771pcm
- 10 Year change
- up 46.5%
- Ave. £ per ft²
- £326/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Explore Propertiesin IP5 3TJ
- 1 Lancaster Drive
5 Bed Mid-century House
- 3 Lancaster Drive
3 Bed Mid-century House
- 5 Lancaster Drive
Unknown
- 7 Lancaster Drive
4 Bed Modern House
- 8 Lancaster Drive
3 Bed Modern House
Sales Market Trends
The last sale in IP5 3TJ sold for £160,000 on 23rd January 2026. Since then prices are up an average of 1.2%.
The current average value in the postcode is £465,586.
The IP5 3TJ Sales Market has increased by 20.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3% | £465,586 |
| June 2025 | 0.1% | £479,948 |
| June 2024 | -3% | £479,636 |
| June 2023 | 0.1% | £494,216 |
| June 2022 | 9% | £493,642 |
| June 2021 | 6.2% | £452,681 |
| June 2020 | 0.6% | £426,288 |
| June 2019 | 0.7% | £423,915 |
| June 2018 | 3.9% | £420,866 |
| June 2017 | 5.2% | £404,935 |
| June 2016 | 6.8% | £384,943 |
| June 2015 | 7.6% | £360,352 |
| June 2014 | 6.7% | £334,994 |
| June 2013 | 2.5% | £313,956 |
| June 2012 | 0.4% | £306,437 |
| June 2011 | 0.4% | £305,297 |
| June 2010 | 9.2% | £304,141 |
| June 2009 | -10% | £278,521 |
| June 2008 | -3.7% | £309,447 |
| June 2007 | 0% | £321,226 |
Rental Market Trends
The current average rental value in the postcode is £1,771.
The IP5 3TJ Rental Market has increased by 46.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.8% | £1,771pcm |
| June 2025 | 4.7% | £1,740pcm |
| June 2024 | 5.4% | £1,662pcm |
| June 2023 | 6.8% | £1,577pcm |
| June 2022 | 8.5% | £1,476pcm |
| June 2021 | 5% | £1,361pcm |
| June 2020 | 2.6% | £1,296pcm |
| June 2019 | 0.9% | £1,263pcm |
| June 2018 | 1.7% | £1,251pcm |
| June 2017 | 1.7% | £1,230pcm |
| June 2016 | 4.1% | £1,209pcm |
| June 2015 | 4.2% | £1,161pcm |
| June 2014 | 2.9% | £1,114pcm |
| June 2013 | 2% | £1,083pcm |
| June 2012 | 2.7% | £1,062pcm |
| June 2011 | 4.4% | £1,034pcm |
| June 2010 | 3.4% | £991pcm |
| June 2009 | -7.5% | £958pcm |
| June 2008 | 1.6% | £1,036pcm |
| June 2007 | 0% | £1,020pcm |
Sales History
The last sale was on 23rd January 2026 for £160,000 and since then the market in the area has increased by 1.2%. The postcode has had a total of 67 sales since 1995.
IP5 3TJ has seen 4 sales in the last three years and 1 sale in the last twelve months.
- Sold Jan 2026£160,000 | 3 Bed Flat22C, Lancaster Drive, Ipswich, IP5 3TJ22C, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Mar 2025£570,000 | 3 Bed House9, Lancaster Drive, Ipswich, IP5 3TJ9, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Dec 2023£770,000 | 5 Bed House25, Lancaster Drive, Ipswich, IP5 3TJ25, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Oct 2023£185,000 | 3 Bed Flat10D, Lancaster Drive, Ipswich, IP5 3TJ10D, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Aug 2022£222,000 | 2 Bed Flat24A, Lancaster Drive, Ipswich, IP5 3TJ24A, Lancaster Drive, Ipswich, IP5 3TJ
Nearby Postcodes
IP5 3TJ is the 1238th largest and the 1252nd most expensive postcode out of the 1,345 postcodes in the IP5 area.
- IP5 3TH, Lancaster Drive, Martlesham Heath, Ipswich, IP5IP5 3TH3 Addresses|97 m away
- IP5 3TG, Gresswell Court, Martlesham Heath, Ipswich, IP5IP5 3TG2 Addresses|189 m away
- IP5 3TD, Birch Grove, Martlesham Heath, Ipswich, IP5IP5 3TD12 Addresses|223 m away
- IP5 3TF, Denham Court, Martlesham Heath, Ipswich, IP5IP5 3TF3 Addresses|229 m away
- IP5 4AL, Auster Way, Martlesham Heath, Ipswich, IP5IP5 4AL14 Addresses|238 m away
Property Types
- 8 modern houses built after 1980
- 17 modern flats built after 1980
- 9 mid-century houses built between 1936 and 1979
- 11 other addresses of unknown type
- modern house (8)
- modern flat (17)
- mid-century house (9)
- Unknown (11)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 31 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (4)
- F (0)
- C (18)
- G (0)
- D (9)
- No EPC (14)
Top 3 Most Expensive Sales
- Sold Dec 2023£770,000 | 5 Bed House25, Lancaster Drive, Ipswich, IP5 3TJ25, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Jan 2022£720,000 | 5 Bed House17, Lancaster Drive, Ipswich, IP5 3TJ17, Lancaster Drive, Ipswich, IP5 3TJ
- Sold Nov 2015£628,000 | 5 Bed House15, Lancaster Drive, Ipswich, IP5 3TJ15, Lancaster Drive, Ipswich, IP5 3TJ
Schools Nearby
- Birchwood Primary School800 m away
- Gorseland Primary School1.4 km away
- Martlesham Primary Academy2.0 km away
- Kesgrave High School2.6 km away
- St Alban's Catholic High School5.3 km away
- Farlingaye High School5.5 km away
More reading links
Public Transport Nearby
The closest station to IP5 3TJ is Woodbridge station, which is 4.9 kilometres away.
- Woodbridge|4.9 km away
- Derby Road (Ipswich)|6.4 km away
- Melton (Suffolk)|7.0 km away
- Westerfield|8.1 km away
