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House Prices in PE11 House Prices in PE11 (Spalding)

The average house price in PE11 (Spalding) is £250,370 using HM Land Registry data.

The average property price increased by £62,843 (28.48%) over the last 5 years and increased by £12,591 (4.23%) over the last 12 months.

Over the last year, there were 443 residential property sales – a decrease of 227 transactions (-51.24%) relative to the previous year. The majority of house sales (113) were in the £174,000 - £228,000 range. Then came properties in the £228,000 - £282,000 range, where 87 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,771 (-3%).

In Oct 24, there were 132 new estate agency instructions, 91 agreed home sales and 120 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) - Oct 24

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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
24 Magellan Way, Spalding, Lincolnshire, PE11 2FH£375,000£362,500-£12,50022 Mar 202421 Aug 2024152 Days
9 Laxton Gardens, Pinchbeck, Spalding, Lincolnshire, PE11 3PR£220,000£219,995-£0508 Jan 202416 Aug 2024221 Days
44 Medlock Crescent, Spalding, Lincolnshire, PE11 2NF£127,500£115,000-£12,50030 Apr 202416 Aug 2024108 Days
27 Breda Court, Spalding, Lincolnshire, PE11 3LT£140,000£136,500-£3,50014 May 202416 Aug 202494 Days
28 Sorrel Drive, Spalding, Lincolnshire, PE11 3GN£325,000£320,000-£5,00008 Apr 202415 Aug 2024129 Days
29 Woolram Wygate, Spalding, Lincolnshire, PE11 1PB£269,950£260,000-£9,95025 Mar 202412 Aug 2024140 Days
Riverside Cottage, South Drove, Spalding, Lincolnshire, PE11 3ED£220,000£215,000-£5,00016 Apr 202412 Aug 2024118 Days
41 Station Street, Donington, Spalding, Lincolnshire, PE11 4UQ£220,000£210,000-£10,00028 Sep 202309 Aug 2024316 Days
19 Thistle Gardens, Spalding, Lincolnshire, PE11 1HJ£169,950£165,000-£4,95017 Oct 202307 Aug 2024295 Days
68 Commercial Road, Spalding, Lincolnshire, PE11 2HE£195,000£190,000-£5,00009 Feb 202402 Aug 2024175 Days
29 Welby Drive, Gosberton, Spalding, Lincolnshire, PE11 4HU£190,000£185,000-£5,00007 Mar 202431 Jul 2024146 Days
30 Riverside Park, Spalding, Lincolnshire, PE11 2FQ£345,000£338,000-£7,00004 Apr 202429 Jul 2024116 Days
9 Galway Close, Spalding, Lincolnshire, PE11 3FL£169,995£165,000-£4,99527 Mar 202426 Jul 2024121 Days
11 Lilburn Drive, Spalding, Lincolnshire, PE11 3NY£315,000£309,000-£6,00018 Sep 202326 Jul 2024312 Days
12 Harpe Close, Pinchbeck, Spalding, Lincolnshire, PE11 3RX£250,000£238,500-£11,50019 Sep 202325 Jul 2024310 Days
19 Poachers Hide, Gosberton, Spalding, Lincolnshire, PE11 4PF£299,950£290,000-£9,95006 Apr 202415 Jul 2024100 Days
1 Mayfield Close, Pinchbeck, Spalding, Lincolnshire, PE11 3SJ£290,000£285,000-£5,00008 Mar 202411 Jul 2024125 Days
18 Mallard Close, Spalding, Lincolnshire, PE11 2FA£154,950£144,000-£10,95026 Dec 202311 Jul 2024198 Days
4 Mariette Way, Spalding, Lincolnshire, PE11 1DT£275,000£270,000-£5,00027 Feb 202411 Jul 2024135 Days
49a, Bourne Road, Spalding, Lincolnshire, PE11 1JN£239,995£239,995£0009 Feb 202411 Jul 2024153 Days

Most Expensive Streets in PE11 (Spalding)

PostcodeStreetAreaAverageNo. of Sales
PE11 4PBGosberton Bank, GosbertonSpalding£526,1005
PE11 4DHReservoir Road, SurfleetSpalding£490,0756
PE11 3GRHall Gardens, PinchbeckSpalding£482,20010
PE11 4JFCheal Road, GosbertonSpalding£475,0003
PE11 4BWHungate Lane, SurfleetSpalding£468,3333
PE11 3EZMiles BankSpalding£460,0003
PE11 3YSMonkshouse CourtSpalding£450,0005
PE11 2RQCowbit RoadSpalding£437,6234
PE11 3UTRedmile Close, PinchbeckSpalding£420,3333
PE11 4FAPark Close, GosbertonSpalding£413,6663

Least Expensive Streets in PE11 (Spalding)

PostcodeStreetAreaAverageNo. of Sales
PE11 1GZSwallows Court, Pool CloseSpalding£81,69436
PE11 3XQFlaxmill Lane, PinchbeckSpalding£84,2504
PE11 3GWSaddlers MeadSpalding£84,7503
PE11 2TYCygnet CourtSpalding£90,8754
PE11 2EGGrange Court, Grange DriveSpalding£92,8754
PE11 2QTGeorgian CourtSpalding£94,65126
PE11 1BPChapel LaneSpalding£96,0003
PE11 1UGAbbey House, High Street, SpaldingSpalding£98,5004
PE11 1NSWygate RoadSpalding£105,0003
PE11 2AADouble StreetSpalding£106,6005

Explore PE11 (Spalding) using map

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