PE11 2GR is a residential postcode located on Palin Drive, Spalding, PE11. It is the 336th largest postcode in the PE11 area.
It contains 7 residential addresses consisting of 6 houses and 1 flat and the most common type of property is a modern house built after 1980.
The average house value is £158,632. Sales values have increased in the last 12 months by 1.0% and Rental values have increased by 0.9%.
Property sale values range from £89,950 for a leasehold flat, with 2 bedrooms split across 840 square feet of gross internal area and has no outside space to £194,416 for a freehold house, with 3 bedrooms split across 1,119 square feet of gross internal area and has a garden.
Average £/ft2 for properties in PE11 2GR is £204/ft2.
Properties achieve a rental yield of between 5.7% and 6.6%, and rental values range from £492 to £928 per month.
The last sale was 19 Feb 2024 for £175,000 and since then the market in the area as increased by 2.4%. The postcode has had a total of 4 sales since 1995.
PE11 2GR has seen 2 sales in the last three years and 1 sale in the last twelve months.
PE11 2GR is the 336th largest and the 210th most expensive postcode out of the 1,203 postcodes in the PE11 area.
PE11 2GR is a residential postcode located on Palin Drive, Spalding, PE11 with 6 houses and 1 flat within its bounds.
The most common property type in PE11 2GR is a modern house built after 1980.
The homes are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to PE11 2GR is Spalding station which is 700 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around PE11 2GR, 64.0% of property is privately rented and 24.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PE11 2GR, 22.2% of residents are recorded as possessing school level qualifications and 18.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around PE11 2GR, the average age was 42.3 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PE11 2GR, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PE11 2GR, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.