IP11 (Felixstowe) area guide
IP11
Felixstowe
The IP11 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Felixstowe, Felixstowe East, Felixstowe North, Felixstowe South, Felixstowe South East, Felixstowe West, Suffolk, Trimley St Martin, Trimley St Mary, Trimleys with Kirton.
Notes:
A Mouseprice property guide for IP11 Felixstowe is coming soon. In the meantime, please have a look at the raw data and statistics about IP11 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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.
Market trends:
The size of the property market in IP11 is 13464 homes.
Given that the nominal growth rate in this postcode district (IP11) 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.
Over the last 3 months, the average property value for this postcode district has been £163944.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 9.1.
New transactions as a percentage of overall sales are 1.7%.
Housing stock:
The most readily available type of property in the area are Detached Houses, making up 32.3% of the total.
For those buyers keen to purchase Flats, this would not be an ideal area, because only 16.3% are this type.
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 13.4% of the total rented accommodation in the area.
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 £259100.
Who lives here:
The average age in this area is 42.
This looks like a great place to go out – 23.2% of the population is single!
Average working hours in this area for men are 44 and for women are 30.
This area has 9.2 people per square kilometre.
The largest source of work in this area is Health & Social Work (29.5% of workers), followed by Wholesale & Retail (14.8%).