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House Prices in PE23 House Prices in PE23 (Spilsby)

The average house price in PE23 (Spilsby) is £234,800 using HM Land Registry data.

The average property price increased by £68,797 (26.5%) over the last 5 years and increased by £13,784 (3.98%) over the last 12 months.

Over the last year, there were 99 residential property sales – a decrease of 19 transactions (-19.19%) relative to the previous year. The majority of house sales (23) were in the £130,000 - £202,000 range. Then came properties in the £202,000 - £274,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,463 (-2%).

In Oct 24, there were 18 new estate agency instructions, 26 agreed home sales and 18 property price reductions.

Nearby Postcodes: DN36, LN10, LN11, LN12, LN13, LN4, LN8, LN9, PE20, PE21, PE22, PE24, PE25

5-Year Average Property Prices in PE23 (Spilsby)

26.5%

Property prices in 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 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.

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 PE23 (Spilsby) - Oct 24

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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
40 Magellan Drive, Spilsby, Lincolnshire, PE23 5FB£180,000£170,000-£10,00009 May 202402 Aug 202485 Days
Belle Vue, Blacksmith Lane, East Keal, Spilsby, Lincolnshire, PE23 4AZ£220,000£220,000£0025 Mar 202415 Jul 2024112 Days
8 Kings Court, Old Bolingbroke, Spilsby, Lincolnshire, PE23 4HR£425,000£425,000£0019 Mar 202401 Jul 2024104 Days
16 Woodlands Avenue, Spilsby, Lincolnshire, PE23 5EP£75,500£75,500£0029 Feb 202407 Jun 202499 Days
93 Boston Road, Spilsby, Lincolnshire, PE23 5HH£290,000£270,000-£20,00030 Nov 202305 Jun 2024188 Days
17 Lancaster Close, Great Steeping, Spilsby, Lincolnshire, PE23 5HA£282,500£265,000-£17,50019 Jan 202421 May 2024123 Days
64 Boston Road, Spilsby, Lincolnshire, PE23 5HH£325,000£325,000£0002 Feb 202421 May 2024109 Days
138 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5NQ£595,000£595,000£0011 Jul 202308 May 2024302 Days
45 Alma Place, Spilsby, Lincolnshire, PE23 5LB£150,000£147,500-£2,50030 Aug 202326 Apr 2024240 Days
66 Woodlands Avenue, Spilsby, Lincolnshire, PE23 5EL£130,000£130,000£0005 Jan 202422 Apr 2024108 Days
Scalp Hill Farm, Old Main Road, Hagworthingham, Spilsby, Lincolnshire, PE23 4LX£695,000£685,000-£10,00015 Jun 202315 Apr 2024305 Days
37 Ancaster Avenue, Spilsby, Lincolnshire, PE23 5HP£150,000£145,000-£5,00026 Sep 202328 Mar 2024184 Days
36 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5LS£155,000£155,000£0006 Nov 202328 Mar 2024143 Days
11 Old School Mews, Spilsby, Lincolnshire, PE23 5QU£120,000£120,000£0021 Nov 202322 Mar 2024122 Days
The Wheelwrights Cottage, Church Street, Candlesby, Spilsby, Lincolnshire, PE23 5RY£195,000£190,000-£5,00029 Nov 202307 Mar 202499 Days
92 Boston Road, Spilsby, Lincolnshire, PE23 5HH£245,000£240,000-£5,00002 Oct 202306 Mar 2024156 Days
51 Station Road, Halton Holegate, Spilsby, Lincolnshire, PE23 5PB£280,000£270,000-£10,00019 Jan 202405 Mar 202446 Days
1 Church Street, Spilsby, Lincolnshire, PE23 5DU£595,000£595,000£0030 Jun 202329 Feb 2024244 Days
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

Most Expensive Streets in PE23 (Spilsby)

PostcodeStreetAreaAverageNo. of Sales
PE23 4LZDeep Lane, HagworthinghamSpilsby£506,6503
PE23 5NQMain Road, HundlebySpilsby£490,7147
PE23 5BSHill Top Close, Toynton All SaintsSpilsby£480,0003
PE23 4PAFairfield Place, PartneySpilsby£440,5705
PE23 5SYMill Lane, Welton Le MarshSpilsby£422,3333
PE23 5QJFirsbySpilsby£413,7504
PE23 4HQOld BolingbrokeSpilsby£405,0003
PE23 4PGPartneySpilsby£403,9905
PE23 4HRKings Court, Old BolingbrokeSpilsby£397,6663
PE23 4PFPartneySpilsby£377,2506

Least Expensive Streets in PE23 (Spilsby)

PostcodeStreetAreaAverageNo. of Sales
PE23 5JDFranklin SquareSpilsby£81,5717
PE23 5JBReynard StreetSpilsby£88,0007
PE23 5LBAlma PlaceSpilsby£96,7857
PE23 5HXOld Market AvenueSpilsby£105,2005
PE23 5LENewtownSpilsby£109,22711
PE23 5EUPooles LaneSpilsby£128,3128
PE23 5ELWoodlands AvenueSpilsby£136,6663
PE23 5NWTalbot CloseSpilsby£139,3333
PE23 5LPHundleby RoadSpilsby£140,8333
PE23 5HPAncaster AvenueSpilsby£141,6663

Explore PE23 (Spilsby) using map

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