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Spalding House Prices Spalding House Prices

The average house price in Spalding is £212,590 using HM Land Registry data.

The average property price increased by £53,583 (28.76%) over the last 5 years and increased by £10,709 (4.67%) over the last 12 months.

Over the last year, there were 313 residential property sales – a decrease of 194 transactions (-61.98%) relative to the previous year. The majority of house sales (75) were in the £148,000 - £196,000 range. Then came properties in the £196,000 - £244,000 range, where 74 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,824 (-3%).

In April 2024, there were 78 new estate agency instructions, 38 agreed home sales and 44 property price reductions.

Neighbouring Areas: Pinchbeck

Postcodes Covered: PE11, PE12

5-Year Average Property Prices in Spalding

28.76%

Property prices in Spalding increased by 28.76% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Spalding Over the Last Year

4.67%

Property prices in Spalding increased by 4.67% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Spalding - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Spalding

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Spalding

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Spalding

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Spalding since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Spalding area since 1995.

Recent Property Sales in Spalding

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Halmer Gate, Spalding, Lincolnshire, PE11 2DS£465,000£450,000-£15,00024 May 202326 Feb 2024278 Days
49 Patriot Close, Spalding, Lincolnshire, PE11 1YA£145,000£142,000-£3,00013 Oct 202326 Feb 2024136 Days
35 Jubilee Close, Spalding, Lincolnshire, PE11 1YD£219,995£207,000-£12,99510 Nov 202322 Feb 2024104 Days
268 Park Road, Spalding, Lincolnshire, PE11 1QT£259,950£246,000-£13,95025 Sep 202309 Feb 2024137 Days
13 Cradge Bank, Spalding, Lincolnshire, PE11 3AB£125,500£120,000-£5,50008 Nov 202308 Feb 202492 Days
15 Edinburgh Drive, Spalding, Lincolnshire, PE11 2SA£169,950£165,000-£4,95020 Sep 202302 Feb 2024135 Days
43 St Annes Way, Spalding, Lincolnshire, PE11 3PN£215,000£210,000-£5,00027 Oct 202331 Jan 202496 Days
29 Magellan Way, Spalding, Lincolnshire, PE11 2FG£274,000£265,000-£9,00007 Sep 202325 Jan 2024140 Days
5 Percheron Drive, Spalding, Lincolnshire, PE11 3GH£310,000£310,000£0026 Oct 202325 Jan 202491 Days
7 Farrier Way, Spalding, Lincolnshire, PE11 3GG£229,995£224,000-£5,99509 May 202319 Jan 2024255 Days
Apartment 7, Harrington House, Broad Street, Spalding, Lincolnshire, PE11 1RY£139,950£64,000-£75,95008 Aug 202312 Jan 2024157 Days
7 Muirfield Close, Spalding, Lincolnshire, PE11 2SR£280,000£275,000-£5,00004 Nov 202311 Jan 202468 Days
29 Cradge Bank, Spalding, Lincolnshire, PE11 3AB£150,000£145,000-£5,00020 Sep 202305 Jan 2024107 Days
47 Havelock Street, Spalding, Lincolnshire, PE11 2YL£125,000£120,000-£5,00006 Sep 202305 Jan 2024121 Days
34 Georgian Court, Spalding, Lincolnshire, PE11 2QT£84,950£78,000-£6,95011 Jul 201421 Dec 20233450 Days
2 Paulette Court, Spalding, Lincolnshire, PE11 1RR£130,000£120,000-£10,00013 Jun 202320 Dec 2023190 Days
6 St Helena Drive, Spalding, Lincolnshire, PE11 1UF£179,950£179,950£0020 Oct 202319 Dec 202360 Days
11 Campbells Close, Spalding, Lincolnshire, PE11 2UH£190,000£190,000£0004 Oct 202315 Dec 202372 Days
16 Georgian Court, Spalding, Lincolnshire, PE11 2QT£77,500£71,000-£6,50003 Jan 202313 Dec 2023344 Days
38 Aintree Drive, Spalding, Lincolnshire, PE11 3BS£270,000£265,000-£5,00011 Sep 202308 Dec 202388 Days

Most Expensive Streets in Spalding

PostcodeStreetAreaAverageNo. of Sales
PE11 3YSMonkshouse CourtSpalding£461,2504
PE11 3EZMiles BankSpalding£460,0003
PE11 2RQCowbit RoadSpalding£437,6234
PE11 2DSHalmer GateSpalding£411,6663
PE11 1PEWoolram WygateSpalding£389,9287
PE11 1XZWygate MeadowsSpalding£380,0008
PE11 1XJPennygate GardensSpalding£375,0003
PE11 2TALondon RoadSpalding£374,8005
PE11 3APRace GroundSpalding£370,0005
PE11 1QNPinchbeck RoadSpalding£369,3163

Least Expensive Streets in Spalding

PostcodeStreetAreaAverageNo. of Sales
PE11 1XHBeechams MewsSpalding£79,8333
PE11 1GZSwallows CourtPool Close£82,98536
PE11 2TYCygnet CourtSpalding£90,8754
PE11 2EGGrange CourtGrange Drive£92,8754
PE11 2QTGeorgian CourtSpalding£95,30128
PE11 1BPChapel LaneSpalding£96,0003
PE11 1UGAbbey HouseHigh Street, Spalding£98,5004
PE11 1BNGore LaneSpalding£102,9005
PE11 1NSWygate RoadSpalding£105,0003
PE11 2AADouble StreetSpalding£106,6663

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