IPSWICH INFORMATION PACK

INDEX

1. Ipswich Property Market Info

2. House Price Index
3. Property Market Statistics
4. Demographic Info
5. Council Tax
6. Sales Comparables
7. Rental Comparables
1. IPSWICH PROPERTY MARKET INFO

The size of the property market in IP1 is 15523 homes.

Given that the nominal growth rate in this postcode district (IP1) has been about 8% over the last 5 years, it would be
reasonable to assume that this is somewhere 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.

Average property prices in this postcode district over the last three months have been approximately £145144.

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 8.1.

New transactions as a percentage of overall sales are 6.2%.

2. HOUSE PRICE INDEX

3. PROPERTY MARKET STATISTICS
 4. DEMOGRAPHIC INFO

5. COUNCIL TAX BANDING

Band A - £974.76
Band B - £1,137.22
Band C - £1,299.68
Band D - £1,462.14
Band E - £1,787.06
Band F - £2,111.98
Band G - £2,436.90
Band H - £2,924.28

The Band of each property is assessed by the Valuation Office Agency, which is part of the Inland Revenue – an
individual assessment is done by the valuation office to notify which charges would apply and which banding your property
falls into. To find out the Council Tax band for your property please go to www.voa.gov.uk/council_tax.
 6. SALES COMPARABLES

The Sales Comparables are to be associated with the Purchase Price after the discount. For example Plot 50 @ £300,000 –
after the discount will be purchased for £261,000.00 noting the comparables below in the same development being sold for
a higher price without any discount.
7. RENTAL COMPARABLES