PE11 2RG is a residential postcode situated on Tower Lane, Spalding, PE11 with 2 addresses.
It ranks as the 51st largest and 900th most expensive of the 1,224 postcodes in the PE11 area.
The postcode contains a total of 2 properties: 2 houses.
PE11 2RG is a residential postcode situated on Tower Lane, Spalding, PE11 with 2 addresses.
It ranks as the 51st largest and 900th most expensive of the 1,224 postcodes in the PE11 area.
The postcode contains a total of 2 properties: 2 houses.
Sale prices range from £196,992 for 3 bedroom freehold houses with a garden (1,108 ft2) to £335,896 for 3 bedroom freehold houses with a garden (1,108 ft2) .
Monthly rental prices range from £969 pcm for 3 bed houses to £1,277 pcm for 3 bed houses.
The gross rental yield is between 4.6% and 5.9%.
The average value per square foot is £240.
The current average value in the postcode is £266,444.
The PE11 2RG Sales Market has increased by 30.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.2% | £266,444 |
| April 2025 | 2% | £281,029 |
| April 2024 | -5.6% | £275,539 |
| April 2023 | 2.2% | £292,024 |
| April 2022 | 15.4% | £285,853 |
| April 2021 | 4.2% | £247,677 |
| April 2020 | 2.2% | £237,738 |
| April 2019 | 4.6% | £232,514 |
| April 2018 | 1.7% | £222,265 |
| April 2017 | 6.7% | £218,587 |
| April 2016 | 7.5% | £204,774 |
| April 2015 | 5.3% | £190,410 |
| April 2014 | 5.7% | £180,823 |
| April 2013 | 3.2% | £171,067 |
| April 2012 | -0.2% | £165,768 |
| April 2011 | -3.5% | £166,047 |
| April 2010 | 4.2% | £172,062 |
| April 2009 | -13.6% | £165,179 |
| April 2008 | -1.6% | £191,213 |
| April 2007 | 0% | £194,309 |
The current average rental value in the postcode is £1,123.
The PE11 2RG Rental Market has increased by 47.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £1,123pcm |
| April 2025 | 4.2% | £1,098pcm |
| April 2024 | 5.4% | £1,054pcm |
| April 2023 | 8.1% | £1,000pcm |
| April 2022 | 7.8% | £925pcm |
| April 2021 | 5.2% | £858pcm |
| April 2020 | 0.3% | £816pcm |
| April 2019 | 1.2% | £814pcm |
| April 2018 | 1% | £804pcm |
| April 2017 | 4.4% | £796pcm |
| April 2016 | 3.4% | £762pcm |
| April 2015 | 3.8% | £737pcm |
| April 2014 | 2.2% | £710pcm |
| April 2013 | 4.2% | £695pcm |
| April 2012 | 0.1% | £667pcm |
| April 2011 | 0.9% | £666pcm |
| April 2010 | 3.1% | £661pcm |
| April 2009 | -5.4% | £641pcm |
| April 2008 | 6.2% | £677pcm |
| April 2007 | 0% | £637pcm |
PE11 2RG is the 51st largest and the 900th most expensive postcode out of the 1,224 postcodes in the PE11 area.
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The closest station to PE11 2RG is Spalding station which is 900 metres away.
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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 2RG, 58.2% of property is privately owned outright and 19.9% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands 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 2RG, 12.6% of residents are recorded as possessing school level qualifications and 24.8% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PE11 2RG, the average age was 42.5 and the most common age was 52.
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 2RG, 0.7% 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 2RG, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.