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Gorse Way is a residential street with 2 addresses.
It ranks as the 30th largest and 926th most expensive of the 929 streets in the PE11 area. The dominant property type is a modern house built after 1980.
The street contains a total of 2 properties: 2 houses.
Gorse Way is a residential street with 2 addresses.
It ranks as the 30th largest and 926th most expensive of the 929 streets in the PE11 area. The dominant property type is a modern house built after 1980.
The street contains a total of 2 properties: 2 houses.
Sale prices range from £553,054 for 5 bedroom freehold houses with a garden (2,701 ft2) to £589,040 for 5 bedroom freehold houses with a garden (3,046 ft2) .
Monthly rental prices range from £2,158 pcm for 5 bed houses to £2,298 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 4.7%.
The average value per square foot is £199.
The last sale on Gorse Way sold for £372,000 on 28th February 2014. Since then prices are up an average of 50.2%.
The current average value in the street is £571,047.
The Gorse Way Sales Market has increased by 30.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -5.7% | £571,047 |
| May 2025 | 2.6% | £605,377 |
| May 2024 | -5.9% | £589,779 |
| May 2023 | 0.8% | £626,450 |
| May 2022 | 15.5% | £621,532 |
| May 2021 | 5.5% | £538,112 |
| May 2020 | 2.4% | £509,987 |
| May 2019 | 4.2% | £498,197 |
| May 2018 | 2.6% | £478,327 |
| May 2017 | 6.2% | £466,281 |
| May 2016 | 7.7% | £439,149 |
| May 2015 | 5.7% | £407,879 |
| May 2014 | 4.7% | £386,064 |
| May 2013 | 1.4% | £368,883 |
| May 2012 | 2.2% | £363,718 |
| May 2011 | -1.8% | £355,950 |
| May 2010 | 7.1% | £362,408 |
| May 2009 | -12.3% | £338,303 |
| May 2008 | -3.8% | £385,818 |
| May 2007 | 0% | £401,120 |
The current average rental value in the street is £2,228.
The Gorse Way Rental Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.8% | £2,228pcm |
| May 2025 | 3.2% | £2,210pcm |
| May 2024 | 3.7% | £2,142pcm |
| May 2023 | 6.6% | £2,065pcm |
| May 2022 | 8.7% | £1,936pcm |
| May 2021 | 2.7% | £1,782pcm |
| May 2020 | 0.6% | £1,734pcm |
| May 2019 | 0% | £1,723pcm |
| May 2018 | 1.1% | £1,723pcm |
| May 2017 | 3.6% | £1,705pcm |
| May 2016 | 3.2% | £1,646pcm |
| May 2015 | 3% | £1,596pcm |
| May 2014 | 1.6% | £1,550pcm |
| May 2013 | 1.7% | £1,525pcm |
| May 2012 | 1.2% | £1,501pcm |
| May 2011 | 4.8% | £1,483pcm |
| May 2010 | 6.4% | £1,415pcm |
| May 2009 | -2.6% | £1,329pcm |
| May 2008 | 4% | £1,364pcm |
| May 2007 | 0% | £1,312pcm |
The last sale was on 28th February 2014 for £372,000 and since then the market in the area has increased by 50.2%. The street has had a total of 6 sales since 1995.
Gorse Way, Spalding, PE11 has seen no sales in the last three years and no sales in the last twelve months.
Gorse Way, Spalding, PE11 is the 30th largest and the 926th most expensive street in the PE11 area.
There is 1 postcode on Gorse Way, Spalding, PE11.
The closest station to Gorse Way, Spalding, PE11 is Spalding station which is 1.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Gorse Way, Spalding, PE11, 52.3% of property is privately owned outright and 32.0% 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 Gorse Way, Spalding, PE11, 14.1% of residents are recorded as possessing school level qualifications and 27.9% 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 Gorse Way, Spalding, PE11, the average age was 40.1 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 Gorse Way, Spalding, PE11, 2.4% 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 Gorse Way, Spalding, PE11, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.