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House Prices in PE23

The average house price in PE23 (Spilsby) is £235,062 using HM Land Registry data.

The average property price increased by £65,459 (26.5%) over the last 5 years and increased by £13,082 (3.98%) over the last 12 months.

Over the last year, there were 98 residential property sales – a decrease of 18 transactions (-18.37%) relative to the previous year. The majority of house sales (33) were in the £110,000 - £196,000 range. Then came properties in the £196,000 - £282,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,979 (-2%).

In May 2025, there were 30 new estate agency instructions, 23 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in PE23 (Spilsby)

26.5%

Property prices in PE23 (Spilsby) increased by 26.5% 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

3.98%

Property prices in PE23 (Spilsby) increased by 3.98% 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) - May 2025

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
40 Magellan Drive, Spilsby, Lincolnshire, PE23 5FB	£180,000	£170,000	-£10,000	09 May 2024	02 Aug 2024	85 Days
Belle Vue, Blacksmith Lane, East Keal, Spilsby, Lincolnshire, PE23 4AZ	£220,000	£220,000	£0	25 Mar 2024	15 Jul 2024	112 Days
8 Kings Court, Old Bolingbroke, Spilsby, Lincolnshire, PE23 4HR	£425,000	£425,000	£0	19 Mar 2024	01 Jul 2024	104 Days
16 Woodlands Avenue, Spilsby, Lincolnshire, PE23 5EP	£75,500	£75,500	£0	29 Feb 2024	07 Jun 2024	99 Days
93 Boston Road, Spilsby, Lincolnshire, PE23 5HH	£290,000	£270,000	-£20,000	30 Nov 2023	05 Jun 2024	188 Days
17 Lancaster Close, Great Steeping, Spilsby, Lincolnshire, PE23 5HA	£282,500	£265,000	-£17,500	19 Jan 2024	21 May 2024	123 Days
64 Boston Road, Spilsby, Lincolnshire, PE23 5HH	£325,000	£325,000	£0	02 Feb 2024	21 May 2024	109 Days
138 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5NQ	£595,000	£595,000	£0	11 Jul 2023	08 May 2024	302 Days
45 Alma Place, Spilsby, Lincolnshire, PE23 5LB	£150,000	£147,500	-£2,500	30 Aug 2023	26 Apr 2024	240 Days
66 Woodlands Avenue, Spilsby, Lincolnshire, PE23 5EL	£130,000	£130,000	£0	05 Jan 2024	22 Apr 2024	108 Days
Scalp Hill Farm, Old Main Road, Hagworthingham, Spilsby, Lincolnshire, PE23 4LX	£695,000	£685,000	-£10,000	15 Jun 2023	15 Apr 2024	305 Days
37 Ancaster Avenue, Spilsby, Lincolnshire, PE23 5HP	£150,000	£145,000	-£5,000	26 Sep 2023	28 Mar 2024	184 Days
36 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5LS	£155,000	£155,000	£0	06 Nov 2023	28 Mar 2024	143 Days
11 Old School Mews, Spilsby, Lincolnshire, PE23 5QU	£120,000	£120,000	£0	21 Nov 2023	22 Mar 2024	122 Days
The Wheelwrights Cottage, Church Street, Candlesby, Spilsby, Lincolnshire, PE23 5RY	£195,000	£190,000	-£5,000	29 Nov 2023	07 Mar 2024	99 Days
92 Boston Road, Spilsby, Lincolnshire, PE23 5HH	£245,000	£240,000	-£5,000	02 Oct 2023	06 Mar 2024	156 Days
51 Station Road, Halton Holegate, Spilsby, Lincolnshire, PE23 5PB	£280,000	£270,000	-£10,000	19 Jan 2024	05 Mar 2024	46 Days
1 Church Street, Spilsby, Lincolnshire, PE23 5DU	£595,000	£595,000	£0	30 Jun 2023	29 Feb 2024	244 Days
4 Tasman Road, Spilsby, Lincolnshire, PE23 5LN	£230,000	£230,000	£0	31 Aug 2023	28 Feb 2024	181 Days
91 Halton Road, Spilsby, Lincolnshire, PE23 5LD	£395,000	£375,000	-£20,000	09 Oct 2023	21 Feb 2024	135 Days

Most Expensive Streets in PE23 (Spilsby)

Postcode	Street	Area	Average	No. of Sales
PE23 4LZ	Deep Lane, Hagworthingham	Spilsby	£506,650	3
PE23 5NQ	Main Road, Hundleby	Spilsby	£490,714	7
PE23 5BS	Hill Top Close, Toynton All Saints	Spilsby	£480,000	3
PE23 4PA	Fairfield Place, Partney	Spilsby	£440,570	5
PE23 5SY	Mill Lane, Welton Le Marsh	Spilsby	£422,333	3
PE23 5QJ	Firsby	Spilsby	£413,750	4
PE23 4HQ	Old Bolingbroke	Spilsby	£405,000	3
PE23 4PG	Partney	Spilsby	£403,990	5
PE23 4HR	Kings Court, Old Bolingbroke	Spilsby	£397,666	3
PE23 4PF	Partney	Spilsby	£377,250	6

Least Expensive Streets in PE23 (Spilsby)

Postcode	Street	Area	Average	No. of Sales
PE23 5JD	Franklin Square	Spilsby	£81,571	7
PE23 5JB	Reynard Street	Spilsby	£88,000	7
PE23 5LB	Alma Place	Spilsby	£96,785	7
PE23 5HX	Old Market Avenue	Spilsby	£105,200	5
PE23 5LE	Newtown	Spilsby	£109,227	11
PE23 5EU	Pooles Lane	Spilsby	£128,312	8
PE23 5EL	Woodlands Avenue	Spilsby	£136,666	3
PE23 5NW	Talbot Close	Spilsby	£139,333	3
PE23 5LP	Hundleby Road	Spilsby	£140,833	3
PE23 5HP	Ancaster Avenue	Spilsby	£141,666	3