# IP1 5AU Area Summary
IP1 5AU is located in **Ipswich town centre**, Suffolk's county town, encompassing primarily the **Waterfront** and **Wet Dock** regeneration area. This postcode district represents one of Ipswich's most transformed neighbourhoods, where historic maritime heritage meets contemporary urban living. The area features a notable concentration of modern apartment developments alongside converted warehouses, reflecting the extensive waterfront regeneration that has reshaped central Ipswich over the past two decades.
With an average property price of **£94,231** based on 58 properties, IP1 5AU sits well below both regional and national averages, making it an accessible entry point for first-time buyers and buy-to-let investors. The significantly lower price point typically reflects the prevalence of **leasehold flats** and apartments in this town centre location, many of which are one or two-bedroom units popular with young professionals and students attending nearby University of Suffolk campus. This pricing structure is characteristic of urban apartment markets in regional towns outside the South East.
The area benefits from excellent transport links, with **Ipswich railway station** within walking distance providing direct services to London Liverpool Street in approximately one hour. The Waterfront's cultural quarter, featuring University of Suffolk, dance venues, restaurants, and marina facilities, has established IP1 5AU as a vibrant urban hub, though buyers should be mindful of service charges and ground rents typical of apartment ownership in such developments.
The average house price in IP1 5AU, Ipswich is £94,231. Prices range from £29,500 to £180,000.
There are 58 properties in IP1 5AU, Ipswich.
IP1 5AU contains 31 terraced properties, 15 semi-detached properties, 10 flat / maisonette properties, 2 detached properties.
Average house prices in IP1 5AU have risen by 585.9% from £26,000 in 1995 to £178,333 in 2024.
IP1 5AU is located in Ipswich, Suffolk, England.