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House Prices in PE11 House Prices in PE11 (Spalding)

The average house price in PE11 (Spalding) is £209,676 using HM Land Registry data.

The average property price increased by £68,689 (28.48%) over the last 5 years and increased by £13,732 (4.23%) over the last 12 months.

Over the last year, there were 438 residential property sales – a decrease of 385 transactions (-87.90%) relative to the previous year. The majority of house sales (123) were in the £172,000 - £224,000 range. Then came properties in the £224,000 - £276,000 range, where 84 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,771 (-3%).

In June 2024, there were 125 new estate agency instructions, 89 agreed home sales and 80 property price reductions.

Nearby Postcodes: LN4, LN5, NG32, NG33, NG34, PE1, PE10, PE12, PE13, PE14, PE2, PE20, PE21, PE22, PE3, PE34, PE4, PE5, PE6, PE7, PE8, PE9

5-Year Average Property Prices in PE11 (Spalding)

28.48%

Property prices in Spalding increased by 28.48% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PE11 (Spalding) Over the Last Year

4.23%

Property prices in Spalding increased by 4.23% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PE11 (Spalding) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PE11 (Spalding)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PE11 (Spalding)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PE11 (Spalding)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PE11 (Spalding) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE11 postcode area since 1995.

Recent Sales in PE11 (Spalding)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Birch Grove, Spalding, Lincolnshire, PE11 2HL£247,995£225,000-£22,99506 Apr 202315 May 2024405 Days
4 Pennyfield, Pinchbeck, Spalding, Lincolnshire, PE11 3RG£320,000£300,000-£20,00008 Feb 202415 May 202497 Days
29 Westhorpe Road, Gosberton, Spalding, Lincolnshire, PE11 4EN£249,950£245,000-£4,95026 Jan 202413 May 2024108 Days
34 Park Avenue, Spalding, Lincolnshire, PE11 1QX£172,950£160,000-£12,95002 Jan 202410 May 2024129 Days
3 Mountbatten Avenue, Pinchbeck, Spalding, Lincolnshire, PE11 3TP£270,000£265,000-£5,00002 Oct 202307 May 2024218 Days
71 Stonegate, Spalding, Lincolnshire, PE11 2PH£189,950£185,000-£4,95012 Oct 202303 May 2024204 Days
17 Churchill Drive, Spalding, Lincolnshire, PE11 2RL£340,000£330,000-£10,00023 Aug 202330 Apr 2024251 Days
22 Mill Lane, Donington, Spalding, Lincolnshire, PE11 4TL£310,000£295,000-£15,00010 Feb 202425 Apr 202475 Days
17 Beckett Drive, Spalding, Lincolnshire, PE11 1GQ£475,000£475,000£0006 Oct 202324 Apr 2024201 Days
21 Highfield Road, Donington, Spalding, Lincolnshire, PE11 4TS£215,000£209,000-£6,00017 Oct 202323 Apr 2024189 Days
29 Church Street, Donington, Spalding, Lincolnshire, PE11 4UA£102,950£89,000-£13,95001 Sep 202319 Apr 2024231 Days
3a, Six House Bank, West Pinchbeck, Spalding, Lincolnshire, PE11 3QQ£170,000£162,500-£7,50010 Oct 202318 Apr 2024191 Days
5 Shackleton Close, Spalding, Lincolnshire, PE11 2FD£320,000£315,000-£5,00018 Dec 202312 Apr 2024116 Days
56 Bourne Road, Spalding, Lincolnshire, PE11 1JW£239,995£220,000-£19,99509 Jan 202411 Apr 202493 Days
6 Kensington Drive, Spalding, Lincolnshire, PE11 2UU£200,000£195,000-£5,00011 Jan 202405 Apr 202485 Days
19 Aintree Drive, Spalding, Lincolnshire, PE11 3BT£269,000£256,250-£12,75014 Sep 202305 Apr 2024204 Days
16 Churchill Drive, Spalding, Lincolnshire, PE11 2RL£209,950£181,000-£28,95029 Nov 202304 Apr 2024127 Days
22 Forge Crescent, Pinchbeck, Spalding, Lincolnshire, PE11 3TN£270,000£255,000-£15,00029 Sep 202328 Mar 2024181 Days
24 Casswell Drive, Quadring, Spalding, Lincolnshire, PE11 4QW£275,000£259,000-£16,00022 Nov 202328 Mar 2024127 Days
57 Crosslands, Donington, Spalding, Lincolnshire, PE11 4TU£225,000£218,000-£7,00003 Oct 202328 Mar 2024177 Days

Most Expensive Streets in PE11 (Spalding)

PostcodeStreetAreaAverageNo. of Sales
PE11 4DHReservoir Road, SurfleetSpalding£528,5005
PE11 4PBGosberton Bank, GosbertonSpalding£526,1005
PE11 3GRHall Gardens, PinchbeckSpalding£482,20010
PE11 4JFCheal Road, GosbertonSpalding£475,0003
PE11 3YSMonkshouse CourtSpalding£461,2504
PE11 3EZMiles BankSpalding£460,0003
PE11 2RQCowbit RoadSpalding£437,6234
PE11 3UTRedmile Close, PinchbeckSpalding£420,3333
PE11 4FAPark Close, GosbertonSpalding£413,6663
PE11 2DSHalmer GateSpalding£411,6663

Least Expensive Streets in PE11 (Spalding)

PostcodeStreetAreaAverageNo. of Sales
PE11 1XHBeechams MewsSpalding£79,8333
PE11 1GZSwallows Court, Pool CloseSpalding£81,94738
PE11 3XQFlaxmill Lane, PinchbeckSpalding£84,2504
PE11 2TYCygnet CourtSpalding£90,8754
PE11 2EGGrange Court, Grange DriveSpalding£92,8754
PE11 2QTGeorgian CourtSpalding£95,30128
PE11 1BPChapel LaneSpalding£96,0003
PE11 1UGAbbey House, High Street, SpaldingSpalding£98,5004
PE11 1BNGore LaneSpalding£104,0836
PE11 1NSWygate RoadSpalding£105,0003

Explore PE11 (Spalding) using map

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