PE11 2GT is a residential postcode located on Cortez Close, Spalding, PE11. It is the 872nd largest postcode in the PE11 area.
It contains 24 residential addresses consisting of 22 houses and 2 flats and the most common type of property is a modern house built after 1980.
The average house value is £183,716. Sales values have increased in the last 12 months by 1.3% and Rental values have increased by 1.1%.
Property sale values range from £128,058 for a leasehold flat, with 2 bedrooms split across 828 square feet of gross internal area and has no outside space to £289,323 for a freehold house, with 4 bedrooms split across 1,389 square feet of gross internal area and has a garden.
Average £/ft2 for properties in PE11 2GT is £265/ft2.
Properties achieve a rental yield of between 4.6% and 5.2%, and rental values range from £489 to £1,115 per month.
The last sale was 11 Dec 2019 for £150,000 and since then the market in the area as increased by 18.1%. The postcode has had a total of 4 sales since 1995.
PE11 2GT has seen no sales in the last three years and no sales in the last twelve months.
PE11 2GT is the 872nd largest and the 363rd most expensive postcode out of the 1,203 postcodes in the PE11 area.
PE11 2GT is a residential postcode located on Cortez Close, Spalding, PE11 with 22 houses and 2 flats within its bounds.
The most common property type in PE11 2GT 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 2GT is Spalding station which is 800 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 2GT, 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 2GT, 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 2GT, 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 2GT, 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 2GT, 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.