IP3 (Ipswich) area guide
The IP3 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Alexandra, Bixley, Bridge, Gainsborough, Holywells, Ipswich, Nacton, Priory Heath, Purdis Farm, Ransomes Europark, Ransomes Industrial Estate, Rushmere St Andrew, St John's, Suffolk.
A Mouseprice property guide for IP3 Ipswich is coming soon. In the meantime, please have a look at the raw data and statistics about IP3 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
The size of the property market in IP3 is 11851 homes.
Given that the nominal growth rate in this postcode district (IP3) has been about 8% over the last 5 years, it would be reasonable to assume that this issomewhere where the economy cannot support property price growth above the national average. This could be because the area is very rural or is recovering from industrial decline and doesn’t offer sufficient employment opportunities or local amenities to induce people to move to the area. However, areas of this type tend to offer reasonable transport to other places in the vicinity and so benefit from secondary economic growth as the effects of a successful regional hub emanate outwards.
During the last 3 months, property in this postcode district has averaged a value of £151088.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 8.7.
New transactions as a percentage of overall sales are 18.1%.
If you are specifically looking to buy Semi- Detached Houses, this would be an excellent area for you to explore, with 49% of properties being this type.
The least common type of property in this area is Flats (10.8% of the total housing stock).
This is an area with a high proportion of property suitable for families with children. alt="Ipswich property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 19.2%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £218992.
Who lives here:
Total population in this area is 27490.
The average age in this area is 36.
Single people make up 30.6% of the population in this postcode district.
Average working hours in this area for men are 42 and for women are 29.
This area has 19 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (18.7% of workers), followed by Construction (13.5%).