PE11 2RR is a residential postcode situated on St. James Way, Spalding, PE11 with 5 addresses.
It ranks as the 217th largest and 846th most expensive of the 1,224 postcodes in the PE11 area.
The postcode contains a total of 5 properties: 5 houses.
PE11 2RR is a residential postcode situated on St. James Way, Spalding, PE11 with 5 addresses.
It ranks as the 217th largest and 846th most expensive of the 1,224 postcodes in the PE11 area.
The postcode contains a total of 5 properties: 5 houses.
Sale prices range from £200,038 for 3 bedroom freehold houses with a garden (710 ft2) to £333,575 for 4 bedroom freehold houses with a garden (1,840 ft2) .
Monthly rental prices range from £897 pcm for 3 bed houses to £1,334 pcm for 4 bed houses.
The gross rental yield is between 4.8% and 5.4%.
The average value per square foot is £225.
The last sale in PE11 2RR sold for £160,000 on 15th December 2017. Since then prices are up an average of 20.9%.
The current average value in the postcode is £260,157.
The PE11 2RR Sales Market has increased by 30.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.8% | £260,157 |
| April 2025 | 1.7% | £276,205 |
| April 2024 | -5.6% | £271,577 |
| April 2023 | 2.2% | £287,640 |
| April 2022 | 15.7% | £281,348 |
| April 2021 | 4.3% | £243,198 |
| April 2020 | 2.2% | £233,255 |
| April 2019 | 4.8% | £228,243 |
| April 2018 | 1.8% | £217,717 |
| April 2017 | 6.9% | £213,811 |
| April 2016 | 7.7% | £200,010 |
| April 2015 | 5.3% | £185,647 |
| April 2014 | 5.6% | £176,378 |
| April 2013 | 3.5% | £167,080 |
| April 2012 | -0.1% | £161,490 |
| April 2011 | -3.4% | £161,689 |
| April 2010 | 4.7% | £167,426 |
| April 2009 | -13.2% | £159,886 |
| April 2008 | -1.7% | £184,206 |
| April 2007 | 0% | £187,446 |
The current average rental value in the postcode is £1,091.
The PE11 2RR Rental Market has increased by 47.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £1,091pcm |
| April 2025 | 3.9% | £1,074pcm |
| April 2024 | 5.5% | £1,034pcm |
| April 2023 | 8.2% | £980pcm |
| April 2022 | 8% | £906pcm |
| April 2021 | 5.2% | £838pcm |
| April 2020 | 0.2% | £797pcm |
| April 2019 | 1.5% | £795pcm |
| April 2018 | 1.1% | £784pcm |
| April 2017 | 4.6% | £775pcm |
| April 2016 | 3.6% | £741pcm |
| April 2015 | 3.7% | £715pcm |
| April 2014 | 2.1% | £690pcm |
| April 2013 | 4.4% | £675pcm |
| April 2012 | 0.2% | £647pcm |
| April 2011 | 0.9% | £646pcm |
| April 2010 | 3.7% | £640pcm |
| April 2009 | -4.9% | £617pcm |
| April 2008 | 6.1% | £649pcm |
| April 2007 | 0% | £612pcm |
The last sale was on 15th December 2017 for £160,000 and since then the market in the area has increased by 20.9%. The postcode has had a total of 5 sales since 1995.
PE11 2RR has seen no sales in the last three years and no sales in the last twelve months.
PE11 2RR is the 217th largest and the 846th most expensive postcode out of the 1,224 postcodes in the PE11 area.
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The closest station to PE11 2RR is Spalding station which is 1.1 kilometres 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 2RR, 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 2RR, 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 2RR, 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 2RR, 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 2RR, 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.