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House Prices in PE23

The average house price in PE23 (Spilsby) is £250,000 using HM Land Registry data.

The average property price increased by £26,100 (10.16%) over the last 5 years and increased by £5,218 (1.88%) over the last 12 months.

Over the last year, there were 101 residential property sales – a decrease of 47 transactions (-46.53%) relative to the previous year. The majority of house sales (21) were in the £130,000 - £178,000 range. Then came properties in the £178,000 - £226,000 range, where 21 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 £-10,519 (-3%).

In Aug 2026, there were 11 new estate agency instructions, 16 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in PE23 (Spilsby)

10.16%

Property prices in PE23 (Spilsby) increased by 10.16% 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 PE23 (Spilsby) Over the Last Year

1.88%

Property prices in PE23 (Spilsby) increased by 1.88% 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.

Property Market Heat Gauge for PE23 (Spilsby) - Aug 2026

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 PE23 (Spilsby)

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 PE23 (Spilsby)

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 PE23 (Spilsby)

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 PE23 (Spilsby) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE23 postcode area since 1995.

Recent Sales in PE23 (Spilsby)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Pendeen, Eastville Road, Spilsby, PE23 5AT	£150,000	£148,000	-£2,000	03 Feb 2026	29 Jun 2026	146 Days
Rosedale, Northorpe Road, Spilsby, PE23 5NZ	£325,000	£325,000	£0	11 Nov 2025	18 Jun 2026	219 Days
100 Main Road, Spilsby, PE23 5LZ	£99,500	£95,000	-£4,500	17 Mar 2026	16 Jun 2026	91 Days
6 Magellan Drive, Spilsby, PE23 5FB	£185,000	£180,000	-£5,000	12 Aug 2025	28 May 2026	289 Days
The Cottage, Thorpe Bank, Spilsby, PE23 5BB	£350,000	£350,000	£0	17 Mar 2026	21 May 2026	65 Days
6 Church Lane, Spilsby, PE23 5NA	£235,200	£204,500	-£30,700	20 Jun 2025	19 May 2026	333 Days
Inglewood, Aswardby Road, Spilsby, PE23 4NL	£375,000	£350,000	-£25,000	05 Nov 2025	15 Apr 2026	161 Days
6 The Gables, Spilsby, PE23 5RD	£240,000	£235,000	-£5,000	17 Mar 2026	02 Apr 2026	16 Days
50 Ashby Meadows, Spilsby, PE23 5DN	£260,000	£250,000	-£10,000	17 Mar 2026	01 Apr 2026	15 Days
14 Spence Street, Spilsby, PE23 5EA	£139,950	£136,500	-£3,450	29 Aug 2025	31 Mar 2026	214 Days
Roselea Cottage, Station Road, Spilsby, PE23 5BH	£185,000	£185,000	£0	30 Jan 2026	27 Mar 2026	56 Days
The Lilacs, Horncastle Hill Road, Spilsby, PE23 4HQ	£450,000	£440,000	-£10,000	20 Aug 2025	25 Mar 2026	217 Days
34 Lady Jane Franklin Drive, Spilsby, PE23 5GB	£175,000	£175,000	£0	24 Aug 2025	20 Mar 2026	208 Days
3 Pooles Lane, Spilsby, PE23 5EU	£103,995	£102,000	-£1,995	21 May 2025	20 Mar 2026	303 Days
14 Talbot Close, Spilsby, PE23 5NW	£158,000	£152,000	-£6,000	08 Oct 2025	17 Mar 2026	160 Days
51 Ivyholme, Station Road, Spilsby, PE23 5PB	£315,000	£300,000	-£15,000	07 Aug 2025	16 Mar 2026	221 Days
71 Ashby Road, Spilsby, PE23 5DW	£199,950	£190,000	-£9,950	11 Aug 2025	06 Mar 2026	207 Days
15 Queen Street, Spilsby, PE23 5JE	£200,000	£198,000	-£2,000	06 Aug 2025	12 Feb 2026	190 Days
The Laurels, Beck Lane, Welton-le-marsh, Welton Le Marsh, PE23 5SZ	£350,000	£340,000	-£10,000	26 Jul 2025	30 Jan 2026	188 Days
Flintlock Cottage, West Keal Road, Spilsby, PE23 4EX	£250,000	£250,000	£0	07 Mar 2025	29 Jan 2026	328 Days

Most Expensive Streets in PE23 (Spilsby)

Postcode	Street	Area	Average	No. of Sales
PE23 4LZ	Deep Lane	Spilsby	£531,875	4
PE23 5NQ	Main Road	Spilsby	£512,714	7
PE23 4PG	Scremby Road	Spilsby	£480,000	4
PE23 4PA	Fairfield Place, Partney	Spilsby	£469,570	5
PE23 5QJ	Bartons Lane	Spilsby	£462,500	4
PE23 5SY	Mill Lane	Spilsby	£451,666	3
PE23 4AY	Fen Lane	Spilsby	£449,564	7
PE23 4HR	Kings Court	Spilsby	£437,875	4
PE23 4HQ	Horncastle Hill Road	Spilsby	£433,750	4
PE23 4HB	West Keal Road	Spilsby	£431,666	3

Least Expensive Streets in PE23 (Spilsby)

Postcode	Street	Area	Average	No. of Sales
PE23 5DH	Badley Court, Ashby Road	Spilsby	£72,966	3
PE23 5JD	Franklin Square	Spilsby	£86,000	6
PE23 5LG	Simpson Street	Spilsby	£113,333	3
PE23 5EA	Spence Street	Spilsby	£117,833	3
PE23 5LE	Newtown	Spilsby	£121,750	12
PE23 5EU	Pooles Lane	Spilsby	£125,583	6
PE23 5JB	Reynard Street	Spilsby	£134,000	5
PE23 5HP	Ancaster Avenue	Spilsby	£145,000	3
PE23 5NL	Fitzjames Close	Spilsby	£146,916	6
PE23 5LR	Masonic Lane	Spilsby	£147,833	6