IP8 3LW is a residential postcode situated on Grove Hill, Belstead, Ipswich, IP8 with 2 addresses.
It ranks as the 56th largest and 434th most expensive of the 457 postcodes in the IP8 area.
The postcode contains a total of 2 properties: 2 houses.
IP8 3LW is a residential postcode situated on Grove Hill, Belstead, Ipswich, IP8 with 2 addresses.
It ranks as the 56th largest and 434th most expensive of the 457 postcodes in the IP8 area.
The postcode contains a total of 2 properties: 2 houses.
Sale prices range from £659,413 for 4 bedroom freehold houses with a garden (1,808 ft2) to £691,724 for 5 bedroom freehold houses with a garden (1,915 ft2) .
Monthly rental prices range from £1,886 pcm for 4 bed houses to £2,032 pcm for 5 bed houses.
The gross rental yield is between 3.4% and 3.5%.
The average value per square foot is £363.
The current average value in the postcode is £675,569.
The IP8 3LW Sales Market has increased by 26.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.8% | £675,569 |
| April 2025 | 0.9% | £709,373 |
| April 2024 | -5% | £702,893 |
| April 2023 | 4.8% | £739,578 |
| April 2022 | 7.2% | £705,798 |
| April 2021 | 5.7% | £658,401 |
| April 2020 | 2.8% | £622,915 |
| April 2019 | -2.9% | £605,991 |
| April 2018 | 13.1% | £624,256 |
| April 2017 | 3.6% | £551,971 |
| April 2016 | 10.1% | £532,949 |
| April 2015 | 10.6% | £484,049 |
| April 2014 | 4.3% | £437,844 |
| April 2013 | 5.6% | £419,935 |
| April 2012 | 2.3% | £397,771 |
| April 2011 | -0.2% | £388,677 |
| April 2010 | 6.3% | £389,427 |
| April 2009 | -14.5% | £366,193 |
| April 2008 | 3% | £428,268 |
| April 2007 | 0% | £415,671 |
The current average rental value in the postcode is £1,959.
The IP8 3LW Rental Market has increased by 37.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £1,959pcm |
| April 2025 | 4.4% | £1,924pcm |
| April 2024 | 3.4% | £1,843pcm |
| April 2023 | 3.6% | £1,784pcm |
| April 2022 | 8.9% | £1,721pcm |
| April 2021 | 4.4% | £1,580pcm |
| April 2020 | 1.1% | £1,513pcm |
| April 2019 | 0% | £1,496pcm |
| April 2018 | 1.9% | £1,496pcm |
| April 2017 | 3.2% | £1,468pcm |
| April 2016 | 5.8% | £1,422pcm |
| April 2015 | -0.6% | £1,345pcm |
| April 2014 | 6.1% | £1,352pcm |
| April 2013 | 4.4% | £1,275pcm |
| April 2012 | -1.3% | £1,221pcm |
| April 2011 | 4.5% | £1,238pcm |
| April 2010 | 7.9% | £1,184pcm |
| April 2009 | -4.8% | £1,097pcm |
| April 2008 | 0.6% | £1,153pcm |
| April 2007 | 0% | £1,146pcm |
IP8 3LW is the 56th largest and the 434th most expensive postcode out of the 457 postcodes in the IP8 area.
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The closest station to IP8 3LW is Ipswich station which is 3.2 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around IP8 3LW, 47.6% of property is privately owned outright and 42.7% 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 IP8 3LW, 17.1% of residents are recorded as possessing school level qualifications and 32.7% 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 IP8 3LW, the average age was 43.2 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 IP8 3LW, 0.8% 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 IP8 3LW, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.