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Independent historical sold-price evidence from HM Land Registry for England and Wales.

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© 2026 UK House Prices. Data sourced from HM Land Registry.

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0.

Area guide

IP24 area guide — property prices & local market

Everything you need to know about buying property in the IP24 postcode area, covering Thetford and surrounding areas. All price data sourced from HM Land Registry — updated July 2026.

IP24 area price snapshot

Average price

£156,526

Median price

£134,500

5-year trend

+20.2%

Total sales

15,750

The IP24 area has 615 individual postcodes with 15,750 registered sales. Prices are +60.6% below the national average, with the largest concentration in Thetford. The five-year price movement is +20.2%.

Market context

IP24 averages £156,526, placing it in the affordable category, +60.6% below the national average. Affordable areas can offer good value for first-time buyers and investors seeking lower entry points. The dataset includes 15,750 recorded sales across 615 postcodes.

The five-year price trend in IP24 is +20.2%, significantly outpacing many other areas. This level of growth may reflect improving local amenities, transport links or broader regeneration.

Buying tips for IP24

✅ Suitable for first-time buyers — average prices in IP24 start within a typical FTB budget. See the full first-time buyer guide →
  • 🎯First-time buyer schemes can help. Affordable areas may offer better value through Help to Buy, shared ownership or local authority schemes. Check eligibility alongside sold prices.
  • 🛤️Transport links affect long-term value. Affordable areas within commuting distance of major cities often see faster price growth. Check the town data pages for trend comparisons.
  • 🧮Factor in Stamp Duty. Use the Stamp Duty Calculator to estimate purchase costs based on the average price in IP24.
  • 🏘️Explore Thetford. Much of the IP24 activity centres on Thetford. Check the town-level data for more granular market analysis.
  • 💡Check individual postcodes. Average prices can mask significant variation between postcodes in the IP24 area. Browse the individual postcode pages to find properties that match your budget.
  • 💡Compare asking prices to sold prices. Use the Asking Price Checker to see whether a listing price aligns with local sold-price evidence.
  • 💡Use sold prices as evidence, not valuation. Historical data helps you understand market trends but does not replace a professional valuation by a qualified surveyor.

Top postcodes in IP24

IP24 2YD

£118,197 avg · 250 sales

IP24 2DZ

£219,800 avg · 195 sales

IP24 2YB

£73,959 avg · 187 sales

IP24 2UU

£161,831 avg · 170 sales

IP24 2YL

£102,439 avg · 160 sales

IP24 2YA

£99,949 avg · 150 sales

IP24 1QJ

£59,596 avg · 139 sales

IP24 2TX

£183,551 avg · 132 sales

IP24 1FH

£192,962 avg · 131 sales

View all 615 postcodes in IP24 →

Useful tools for IP24 buyers

🧮

Stamp Duty ~£631

Avg £156,526 in IP24

Full guide →

📊

Asking Price Checker

Compare asking prices with sold-price evidence

📖

Stamp Duty Guide

Complete 2025 SDLT, LTT & LBTT guide

⚖️

Location Comparison

Compare IP24 with other areas

🏘️

Thetford data

Full town-level property statistics

About this guide

This IP24 area guide is based on HM Land Registry Price Paid Data, covering registered residential property sales in England and Wales from January 1995 onwards. All figures are historical sold prices, not current valuations or asking prices.

Data last updated: July 2026 · View methodology

Frequently asked questions

What is the average house price in IP24?

The average sold price in the IP24 postcode area is £156,526, based on 15,750 HM Land Registry transactions. The largest town in this area is Thetford.

How do IP24 house prices compare to the UK average?

Properties in IP24 average £156,526, which is +60.6% below the national average of £396,803 for England and Wales.

Why is the median price in IP24 lower than the average?

The median price (£134,500) is 14.1% below the average (£156,526), suggesting a mix of property types or a few high-value sales pulling the mean upward. This is common in areas with both affordable and premium housing.

How have IP24 house prices changed over 5 years?

Prices in IP24 have moved +20.2% over five years, reflecting broader UK house price growth. The large sample size gives confidence in this trend.

Are these area guide prices valuations or asking prices?

No. All figures on this page are historical completed sale prices from HM Land Registry Price Paid Data. They are not current valuations, estate agent asking prices, or financial advice. Always seek professional advice before making property decisions.

Related guides

Asking Price vs Sold Price in the UK

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How to Use Sold Prices When Making an Offer

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Down Valuations: What to Do

Respond to a low mortgage valuation with local sold-price evidence.

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