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Deeping St. Nicholas market report PE11 2, Spalding
The PE11 2 (Deeping St. Nicholas) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 6,859 HM Land Registry entries for PE11 2 (Spalding), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the 2026 median for PE11 2 (Spalding) is £183,500, from 63 registered sales, down 5% on five years earlier; the mean is £204,000, and by floor area homes here have averaged about £2,260 per square metre over the last five years. Behind the figures sit 6,859 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
A postcode sector like PE11 2 is a single group of streets within PE11 (Spalding), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where PE11 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
The going rate for a home in PE11 2
Across 63 registered 2026 sales, the typical (median) PE11 2 home went for £183,500. The mean is £204,000, somewhat above it, as happens wherever a market carries an expensive tail.
PE11 2 prices by floor area
The last five years of sales put PE11 2 at roughly £2,260 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
Set against the £285,000 England and Wales median, PE11 2 sits 36% below the national market.
PE11 2's median sold price, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £183,500 | £183,500 | 63 |
| 2025 | £195,000 | £199,663 | 166 |
| 2024 | £190,000 | £202,009 | 161 |
| 2023 | £195,000 | £214,257 | 125 |
| 2022 | £197,500 | £231,591 | 169 |
| 2021 | £193,000 | £244,363 | 210 |
| 2020 | £175,500 | £227,715 | 132 |
| 2019 | £160,000 | £209,722 | 151 |
| 2018 | £165,000 | £219,948 | 152 |
| 2017 | £156,200 | £213,041 | 198 |
| 2016 | £146,000 | £204,255 | 203 |
| 2015 | £143,000 | £202,059 | 174 |
| 2014 | £132,000 | £187,265 | 177 |
| 2013 | £125,000 | £179,863 | 135 |
| 2012 | £124,000 | £182,513 | 137 |
| 2011 | £123,500 | £186,438 | 163 |
| 2010 | £124,500 | £195,248 | 168 |
| 2009 | £120,000 | £192,901 | 157 |
| 2008 | £133,000 | £218,015 | 199 |
| 2007 | £136,000 | £230,694 | 387 |
| 2006 | £130,000 | £225,663 | 339 |
| 2005 | £125,000 | £222,450 | 374 |
| 2004 | £117,000 | £212,495 | 327 |
| 2003 | £90,500 | £166,723 | 372 |
| 2002 | £80,000 | £150,519 | 403 |
| 2001 | £68,000 | £130,727 | 343 |
| 2000 | £53,400 | £104,798 | 240 |
| 1999 | £50,000 | £99,647 | 247 |
| 1998 | £48,500 | £97,901 | 220 |
| 1997 | £41,000 | £84,083 | 214 |
| 1996 | £40,000 | £84,358 | 192 |
| 1995 | £39,000 | £84,780 | 161 |
In cash terms the typical PE11 2 home went from £39,000 in 1995 to £183,500 in 2026, roughly 5 times the price. Inflation explains only part of it: in today's money the rise is still about 116%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 25% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PE11 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2004 (+29.3% on the year before); the weakest, 2009 (−9.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −5.9% | −8.1% |
| 5 years (since 2021) | −1.0% | −5.6% |
| 10 years (since 2016) | +2.3% | −1.1% |
| 20 years (since 2006) | +1.7% | −1.0% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
How many homes change hands in PE11 2
Sales per year, counted
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The register shows 63 PE11 2 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 348 sales a year before the financial crisis and 137 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
Reading the PE11 2 market
Against the PE11 district median, PE11 2 sits 15% lower, marking it as a cheaper pocket of the district.
What tenants pay around PE11 2
The local authority for PE11 2 is South Holland, and its ONS average private rent currently stands at £762 a month (May 2026 figures). A one-bed averages £583 a month here and a four-or-more-bed £1,174, so size does most of the work in setting the rent.
Average monthly rent by size, South Holland
ONS Price Index of Private Rents, May 2026.
£762 a month is £9,144 a year, which against the £183,500 median sold price makes a gross yield of 5.0%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
PE11 2 (Deeping St. Nicholas): the questions that come up
Is PE11 2 (Deeping St. Nicholas) a good place to buy a house?
How much did a house sell for in PE11 2 (Deeping St. Nicholas)?
Are property prices falling in PE11 2 (Deeping St. Nicholas)?
What happens to PE11 2 prices now?
The record answers a different question than "what happens next": the median is down 5% over five years in cash but down 25% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
On the market in PE11 today
The live side of the market holds 117 homes at the moment, listed by 7 agents publishing to HomesIndex.
These cover the whole PE11 district, not just PE11 2: live asking prices are collected per district.
Of everything listed here, 29% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every PE11 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
The price of an extra bedroom in PE
The Land Registry record, split by size: what each kind of home actually sold for across the PE area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £245,000 | £338,000 (+38%) | £482,750 (+43%) | £645,000 (+34%) |
| Semi-detached | £187,000 | £220,000 (+18%) | £257,500 (+17%) | £340,000 (+32%) | £455,000 (+34%) |
| Terraced | £170,000 | £195,000 (+15%) | £225,000 (+15%) | £300,000 (+33%) | £465,000 (+55%) |
| Flat | £120,000 | £155,500 (+30%) | £230,000 (+48%) | — | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the PE area is the point: the same five years treated these districts very differently.
Five-year change in the median, PE area districts
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in PE11
Sector boundaries hide real price steps. The rest of PE11, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PE11 1 | £193,800 | 64 |
| PE11 3 | £240,000 | 99 |
| PE11 4 | £245,000 | 67 |
| PE11 5 | £330,000 | 3 |
Zoom out to the full PE11 district report for the type split, monthly volumes and how PE11 compares with its neighbours.
Selling a home in PE11 2? Price it on the evidence
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at PE11 2's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working PE11 2: the featured spot on this report is free for founding agents, one per district. Claim PE11 2.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about PE11 2. Free, with a one click sign in.
The live map plots every individual PE11 2 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.