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House Prices in PE23

The average house price in PE23 (Spilsby) is £176,400 using HM Land Registry data.

The average property price increased by £26,242 (10.16%) over the last 5 years and increased by £5,246 (1.88%) over the last 12 months.

Over the last year, there were 105 residential property sales – a decrease of 46 transactions (-43.81%) relative to the previous year. The majority of house sales (32) were in the £174,000 - £238,000 range. Then came properties in the £110,000 - £174,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 41 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,922 (-4%).

In Apr 2026, there were 26 new estate agency instructions, 14 agreed home sales and 19 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) - Apr 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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
Flintlock Cottage, West Keal Road, Spilsby, PE23 4EX	£250,000	£250,000	£0	07 Mar 2025	29 Jan 2026	328 Days
24 Raithby Road, Spilsby, PE23 5NH	£375,000	£356,000	-£19,000	16 Sep 2025	29 Jan 2026	135 Days
Chapel Cottage, Chapel Lane, Spilsby, PE23 4ES	£185,000	£175,000	-£10,000	12 Sep 2025	14 Jan 2026	124 Days
12 Fitzjames Close, Spilsby, PE23 5NL	£130,000	£130,000	£0	26 Sep 2025	08 Jan 2026	104 Days
85 Ancaster Avenue, Spilsby, PE23 5HS	£149,950	£139,350	-£10,600	19 Jul 2025	12 Dec 2025	146 Days
Laburnum Lodge, Main Road, Spilsby, PE23 4BY	£285,000	£285,000	£0	04 Aug 2025	05 Dec 2025	123 Days
33 Tasman Road, Spilsby, PE23 5LN	£235,000	£235,000	£0	02 Jun 2025	28 Nov 2025	179 Days
42 Magellan Drive, Spilsby, PE23 5FB	£177,500	£177,500	£0	21 Feb 2025	26 Nov 2025	278 Days
The Anchorage, Spilsby Road, Spilsby, PE23 4QA	£280,000	£275,000	-£5,000	13 Aug 2025	24 Nov 2025	103 Days
The Conifers, Rookery Farm, Thorpe Road, Firsby, PE23 5QG	£292,500	£285,000	-£7,500	02 Jun 2025	21 Nov 2025	172 Days
6 Spence Street, Spilsby, PE23 5EA	£144,500	£142,000	-£2,500	07 Aug 2025	13 Nov 2025	98 Days
The Cottage, Old Church Lane, Spilsby, PE23 5PR	£375,000	£366,280	-£8,720	19 Jun 2025	06 Nov 2025	140 Days
Moat Farm Bungalow, Halton Road, Ashby By Partney, PE23 5RQ	£270,000	£270,000	£0	15 Aug 2025	05 Nov 2025	82 Days
South Crest, Spilsby Road, Spilsby, PE23 5NY	£300,000	£300,000	£0	17 Apr 2025	03 Nov 2025	200 Days
44 Hillcrest, Station Road, Spilsby, PE23 5PB	£235,000	£235,000	£0	29 Mar 2025	24 Oct 2025	209 Days
Dale Cottage, Hagg Road, Raithby, PE23 4DS	£150,000	£150,000	£0	20 May 2025	17 Oct 2025	150 Days
76 Ancaster Avenue, Spilsby, PE23 5HR	£150,000	£145,000	-£5,000	14 Apr 2025	03 Oct 2025	172 Days
16 Erebus Close, Spilsby, PE23 5LJ	£230,000	£227,500	-£2,500	04 Mar 2025	01 Oct 2025	211 Days
Manor Farm Cottage, Hagg Road, Lusby, PE23 4JB	£250,000	£230,000	-£20,000	02 May 2025	26 Sep 2025	147 Days
39 West End, Spilsby, PE23 5ET	£182,000	£180,000	-£2,000	09 Dec 2024	24 Sep 2025	289 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	£523,000	8
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 4AY	Fen Lane	Spilsby	£440,868	8
PE23 4HR	Kings Court	Spilsby	£437,875	4
PE23 4HB	West Keal Road	Spilsby	£431,666	3
PE23 4HQ	Horncastle Hill Road	Spilsby	£431,666	3
PE23 4PF	Spilsby Road	Spilsby	£412,875	4

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 5LE	Newtown	Spilsby	£113,666	15
PE23 5JB	Reynard Street	Spilsby	£123,333	6
PE23 5EU	Pooles Lane	Spilsby	£129,000	6
PE23 5EL	Woodlands Avenue	Spilsby	£136,666	3
PE23 5HP	Ancaster Avenue	Spilsby	£141,666	3
PE23 5LR	Masonic Lane	Spilsby	£141,714	7
PE23 5NL	Fitzjames Close	Spilsby	£146,916	6