FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Spilsby

Spilsby House Prices Spilsby House Prices

The average house price in Spilsby is £148,166 using HM Land Registry data.

The average property price increased by £55,824 (36.33%) over the last 5 years and increased by £11,157 (5.63%) over the last 12 months.

Over the last year, there were 42 residential property sales – a decrease of 16 transactions (-38.10%) relative to the previous year. The majority of house sales (11) were in the £110,000 - £152,000 range. Then came properties in the £152,000 - £194,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 117 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,463 (-2%).

In April 2024, there were 9 new estate agency instructions, 4 agreed home sales and 2 property price reductions.

Postcodes Covered: PE23

5-Year Average Property Prices in Spilsby

36.33%

Property prices in Spilsby increased by 36.33% 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 Spilsby Over the Last Year

5.63%

Property prices in Spilsby increased by 5.63% 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 Spilsby - 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 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 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 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 Spilsby since 1995

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

Recent Property Sales in Spilsby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Tasman Road, Spilsby, Lincolnshire, PE23 5LN£230,000£230,000£0031 Aug 202328 Feb 2024181 Days
91 Halton Road, Spilsby, Lincolnshire, PE23 5LD£395,000£375,000-£20,00009 Oct 202321 Feb 2024135 Days
70 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5LS£289,950£265,000-£24,95030 Jan 202326 Jan 2024361 Days
14 Fitzjames Close, Spilsby, Lincolnshire, PE23 5NL£150,000£147,000-£3,00017 Sep 202321 Dec 202395 Days
28 Lady Jane Franklin Drive, Spilsby, Lincolnshire, PE23 5GB£174,950£172,450-£2,50026 Apr 202324 Nov 2023212 Days
17 West End, Spilsby, Lincolnshire, PE23 5ED£149,000£142,500-£6,50025 May 202301 Nov 2023160 Days
3 West End, Spilsby, Lincolnshire, PE23 5ED£230,000£220,000-£10,00019 Jun 202325 Oct 2023128 Days
11 Franklin Square, Spilsby, Lincolnshire, PE23 5JD£89,950£85,000-£4,95017 May 202313 Sep 2023119 Days
18 Masonic Lane, Spilsby, Lincolnshire, PE23 5LR£127,500£115,000-£12,50014 Mar 202321 Aug 2023160 Days
65 Ashby Road, Spilsby, Lincolnshire, PE23 5DW£320,000£315,000-£5,00007 Feb 202311 Jul 2023154 Days
14 Newtown, Spilsby, Lincolnshire, PE23 5LE£208,000£205,000-£3,00004 Apr 202307 Jul 202394 Days
16 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5LS£200,000£195,000-£5,00002 Oct 202003 Jul 20231004 Days
5 Foxglove Close, Spilsby, Lincolnshire, PE23 5NJ£230,000£225,000-£5,00015 Sep 202201 Jun 2023259 Days
38 Magellan Drive, Spilsby, Lincolnshire, PE23 5FB£195,000£180,000-£15,00009 Dec 202226 May 2023168 Days
42 Ashby Meadows, Spilsby, Lincolnshire, PE23 5DN£175,000£167,500-£7,50018 Nov 202218 May 2023181 Days
81 Lady Jane Franklin Drive, Spilsby, Lincolnshire, PE23 5GB£192,500£185,000-£7,50016 Feb 202321 Apr 202364 Days
40 Ashby Meadows, Spilsby, Lincolnshire, PE23 5DN£225,000£225,000£0015 Dec 202213 Apr 2023119 Days
4 Talbot Close, Spilsby, Lincolnshire, PE23 5NW£174,500£165,000-£9,50023 Nov 202231 Mar 2023128 Days
24 Partney Road, Spilsby, Lincolnshire, PE23 5EH£389,950£345,000-£44,95001 Dec 202128 Mar 2023482 Days
22 Foxglove Close, Spilsby, Lincolnshire, PE23 5NJ£140,000£134,500-£5,50029 Sep 202227 Jan 2023120 Days

Most Expensive Streets in Spilsby

PostcodeStreetAreaAverageNo. of Sales
PE23 5NQMain RoadHundleby£485,6666
PE23 5HUEresby AvenueSpilsby£309,9833
PE23 5EHPartney RoadSpilsby£278,0003
PE23 5LZMain RoadHundleby£275,65010
PE23 5LQPost Office LaneSpilsby£238,2513
PE23 5LJErebus CloseSpilsby£236,9833
PE23 5EJPartney RoadSpilsby£231,6663
PE23 5LYPark AvenueHundleby£223,5003
PE23 5GDWoodland ViewSpilsby£218,14613
PE23 5HQBoston RoadSpilsby£200,6258

Least Expensive Streets in Spilsby

PostcodeStreetAreaAverageNo. of Sales
PE23 5JDFranklin SquareSpilsby£81,5717
PE23 5JBReynard StreetSpilsby£88,0007
PE23 5LBAlma PlaceSpilsby£88,3336
PE23 5HXOld Market AvenueSpilsby£105,2005
PE23 5LENewtownSpilsby£108,87012
PE23 5EUPooles LaneSpilsby£128,3128
PE23 5LAHalton RoadSpilsby£133,5005
PE23 5ELWoodlands AvenueSpilsby£135,0003
PE23 5NLFitzjames CloseSpilsby£138,0003
PE23 5NWTalbot CloseSpilsby£139,3333

Explore Spilsby and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Lincolnshire
Property Auctions Lincolnshire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark