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Preston Drive is a residential street with 57 addresses.
It ranks as the 299th largest and 302nd most expensive of the 410 streets in the IP1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 57 properties: 57 houses.
Preston Drive is a residential street with 57 addresses.
It ranks as the 299th largest and 302nd most expensive of the 410 streets in the IP1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 57 properties: 57 houses.
Sale prices range from £218,307 for 3 bedroom freehold houses with a garden (635 ft2) to £361,435 for 4 bedroom freehold houses with a garden (1,410 ft2) .
Monthly rental prices range from £1,086 pcm for 3 bed houses to £1,413 pcm for 4 bed houses.
The gross rental yield is between 4.7% and 6.4%.
The average value per square foot is £283.
The last sale on Preston Drive sold for £330,000 on 14th February 2025. Since then prices are down an average of 3.2%.
The current average value in the street is £276,300.
The Preston Drive Sales Market has increased by 31.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.6% | £276,300 |
| May 2025 | 0.8% | £286,515 |
| May 2024 | -4.6% | £284,149 |
| May 2023 | 4.3% | £297,728 |
| May 2022 | 9.5% | £285,331 |
| May 2021 | 4.9% | £260,657 |
| May 2020 | 1.3% | £248,562 |
| May 2019 | 2.8% | £245,279 |
| May 2018 | 5.9% | £238,502 |
| May 2017 | 6.9% | £225,307 |
| May 2016 | 9.4% | £210,821 |
| May 2015 | 5.6% | £192,765 |
| May 2014 | 7.7% | £182,533 |
| May 2013 | 3.3% | £169,406 |
| May 2012 | 1.4% | £163,936 |
| May 2011 | 0.8% | £161,745 |
| May 2010 | 8.4% | £160,539 |
| May 2009 | -15.1% | £148,156 |
| May 2008 | -2.3% | £174,413 |
| May 2007 | 0% | £178,442 |
The current average rental value in the street is £1,218.
The Preston Drive Rental Market has increased by 57.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.1% | £1,218pcm |
| May 2025 | 5.8% | £1,193pcm |
| May 2024 | 7.2% | £1,127pcm |
| May 2023 | 8.6% | £1,052pcm |
| May 2022 | 10.5% | £969pcm |
| May 2021 | 5.2% | £877pcm |
| May 2020 | 1.8% | £834pcm |
| May 2019 | 0.7% | £819pcm |
| May 2018 | 1.8% | £813pcm |
| May 2017 | 3.3% | £798pcm |
| May 2016 | 6.3% | £773pcm |
| May 2015 | 3.4% | £728pcm |
| May 2014 | 3.2% | £703pcm |
| May 2013 | 2.6% | £681pcm |
| May 2012 | 2.7% | £664pcm |
| May 2011 | 3.6% | £647pcm |
| May 2010 | 5.7% | £624pcm |
| May 2009 | -9.1% | £590pcm |
| May 2008 | 2.7% | £650pcm |
| May 2007 | 0% | £633pcm |
The last sale was on 14th February 2025 for £330,000 and since then the market in the area has decreased by 3.2%. The street has had a total of 62 sales since 1995.
Preston Drive, Ipswich, IP1 has seen 6 sales in the last three years and no sales in the last twelve months.
Preston Drive, Ipswich, IP1 is the 299th largest and the 302nd most expensive street in the IP1 area.
There are 2 postcodes on Preston Drive, Ipswich, IP1.
The closest station to Preston Drive, Ipswich, IP1 is Westerfield station which is 2.2 kilometres away.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around Preston Drive, Ipswich, IP1, 51.5% of property is privately owned outright and 33.9% 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 Preston Drive, Ipswich, IP1, 18.3% of residents are recorded as possessing school level qualifications and 19.0% 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 Preston Drive, Ipswich, IP1, the average age was 43.4 and the most common age was 52.
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 Preston Drive, Ipswich, IP1, 0.0% 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 Preston Drive, Ipswich, IP1, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.