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House Prices in PE23

The average house price in PE23 (Spilsby) is £284,983 using HM Land Registry data.

The average property price increased by £66,222 (26.5%) over the last 5 years and increased by £13,239 (3.98%) over the last 12 months.

Over the last year, there were 95 residential property sales – a decrease of 41 transactions (-43.16%) relative to the previous year. The majority of house sales (22) were in the £192,000 - £254,000 range. Then came properties in the £130,000 - £192,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,463 (-2%).

In June 2024, there were 28 new estate agency instructions, 29 agreed home sales and 19 property price reductions.

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.

Property Market Heat Gauge for PE23 (Spilsby) - June 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 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
17 Lancaster Close, Great Steeping, Spilsby, Lincolnshire, PE23 5HA	£282,500	£265,000	-£17,500	19 Jan 2024	21 May 2024	123 Days
45 Alma Place, Spilsby, Lincolnshire, PE23 5LB	£150,000	£147,500	-£2,500	30 Aug 2023	26 Apr 2024	240 Days
37 Ancaster Avenue, Spilsby, Lincolnshire, PE23 5HP	£150,000	£145,000	-£5,000	26 Sep 2023	28 Mar 2024	184 Days
11 Old School Mews, Spilsby, Lincolnshire, PE23 5QU	£120,000	£120,000	£00	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
4 Tasman Road, Spilsby, Lincolnshire, PE23 5LN	£230,000	£230,000	£00	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
70 Main Road, Hundleby, Spilsby, Lincolnshire, PE23 5LS	£289,950	£265,000	-£24,950	30 Jan 2023	26 Jan 2024	361 Days
Crook-a-lune, Main Road, Keal Cotes, Spilsby, Lincolnshire, PE23 4AG	£250,000	£240,000	-£10,000	07 Jul 2023	25 Jan 2024	202 Days
14 Fitzjames Close, Spilsby, Lincolnshire, PE23 5NL	£150,000	£147,000	-£3,000	17 Sep 2023	21 Dec 2023	95 Days
St Agnes, Dalby Road, Partney, Spilsby, Lincolnshire, PE23 4PQ	£239,950	£235,000	-£4,950	17 Jul 2023	11 Dec 2023	147 Days
1 Lancaster Close, Great Steeping, Spilsby, Lincolnshire, PE23 5HA	£228,000	£219,000	-£9,000	26 May 2023	01 Dec 2023	189 Days
Longacre Lodge, Station Road, Little Steeping, Spilsby, Lincolnshire, PE23 5BH	£530,000	£497,000	-£33,000	12 Jul 2023	30 Nov 2023	141 Days
The Spinney, Hall Lane, West Keal, Spilsby, Lincolnshire, PE23 4BJ	£370,000	£344,747	-£25,253	08 Aug 2023	28 Nov 2023	112 Days
28 Lady Jane Franklin Drive, Spilsby, Lincolnshire, PE23 5GB	£174,950	£172,450	-£2,500	26 Apr 2023	24 Nov 2023	212 Days
12 Watermill Lane, Toynton All Saints, Spilsby, Lincolnshire, PE23 5AG	£325,000	£325,000	£00	09 Aug 2023	17 Nov 2023	100 Days
October House, Beck Lane, Welton Le Marsh, Spilsby, Lincolnshire, PE23 5SZ	£585,000	£585,000	£00	07 Sep 2023	16 Nov 2023	70 Days
17 West End, Spilsby, Lincolnshire, PE23 5ED	£149,000	£142,500	-£6,500	25 May 2023	01 Nov 2023	160 Days

Most Expensive Streets in PE23 (Spilsby)

Postcode	Street	Area	Average	No. of Sales
PE23 5NQ	Main Road, Hundleby	Spilsby	£509,800	5
PE23 4LZ	Deep Lane, Hagworthingham	Spilsby	£506,650	3
PE23 4JN	Langton Road, Sausthorpe	Spilsby	£497,333	3
PE23 5BS	Hill Top Close, Toynton All Saints	Spilsby	£460,000	4
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 4AY	Fen Lane, East Keal	Spilsby	£381,150	10
PE23 4EX	Old Bolingbroke	Spilsby	£374,300	5

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	£108,870	12
PE23 5EU	Pooles Lane	Spilsby	£128,312	8
PE23 5LA	Halton Road	Spilsby	£128,375	4
PE23 5EL	Woodlands Avenue	Spilsby	£135,000	3
PE23 5NW	Talbot Close	Spilsby	£139,333	3
PE23 5LP	Hundleby Road	Spilsby	£140,833	3