Ipswich has been revealed as an up-and-coming location for first-time buyers in the Halifax report (October of 2023). With an average first-time buyer purchase price of £249,338, this means buyers are paying -25% less than the regional average (e.g. NW, East Midlands, Scotland, Wales etc.).
So, what are the qualities that make Ipswich so attractive, and a place young people gravitate towards?
It’s stated in the Halifax report that the number one priority for first-time buyers is affordability. Maintaining a price less than the regional average naturally increases demand from buyers as they feel their money is going towards an asset of appropriate value. The housing market is expensive, and Ipswich provides an opportunity for new buyers to get their foot on the property ladder at a lower cost.
Commutes to big cities are made easy, the train to London Liverpool Street can get you there as fast as within an hour and 5mins, and a drive is 2hrs on the A14 and M11 and buses run frequently for easy transport within Ipswich.
Ipswich has a thriving university which has been nominated for three awards right by the waterfront which hosts many restaurants along and on it. Popular for its views, the waterfront holds festivals and events such as Ipswich Maritime Festival in the summer and biennial festivals SPILL and PhotoEast.
Finally, Ipswich’s qualities cannot go without mentioning its football club that the town takes great pride in. News as of March speculates they are to receive significant investments from the US, this exciting news is surely something to keep an eye on for the future.
I would recommend Ipswich to new home buyers and anyone looking for a new home. Its ability to balance exciting events while maintaining stable communities provides opportunity for anyone to transform to suit their lifestyle and goals.
Our blogs and articles are correct at the time of writing.
These have been created for marketing purposes only and should not be considered as legal advice.
