Known to have existed at least as early as 1637, this was one of only 24 inns recorded on a town assessment of 1689.

[...] probably the oldest Ipswich Inn with which we are acquainted, is mentioned as standing in Brocstrete (Brook Street) in the parish of Saint Margaret, facing the east end of what is familiarly known as the Butter Market, and which was designated, and continued to be so until the present century, by the sign of " The Greyhound." It was always a house of importance, and in its earliest days was of great extent as it included two separate holdings, which appear in the Rental as " Will's Building [undecipherable] pro una parte terre que fait quonda le Greyhound" and " Relic ta RobH Fabr' pro secunda parte terre d'ci le Greyhund." In an assessment of the Town property (1689) …