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Property Price Trends
Eresby Hall, Ancaster Avenue, Spilsby Lincolnshire
PE23 5HT East Lindsey District
What are the historical property price trends?
Explore the yearly trends in property prices for the PE23 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
PE23
Most Expensive Property
£645,000
The Lodge PE23 4JS
Sold: 07 September 2022
Cheapest Property
£145,000
24 Ancaster Avenue, PE23 5HN
Sold: 07 December 2023
£228,000
The average house price in East Lindsey was £228,000 in November 2024 (provisional), up 2.7% from November 2023. This was similar to the rise in the East Midlands over the same period.
£650
Private rents rose to an average of £650 in December 2024, an annual increase of 9.7% from £593 in December 2023. This was higher than the rise in the East Midlands (8.3%) over the year.
£193,000
The average price paid by first-time buyers was £193,000 in November 2024 (provisional). This was 3.9% higher than the average of £186,000 in November 2023 (revised).
£230,000
For homes bought with a mortgage, the average house price was £230,000 in November 2024 (provisional). This was 3.2% higher than the average of £223,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (East Lindsey, E07000137). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in PE23 5HT?
The graph below shows the five-year capital growth figures for properties for the PE23 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in PE23 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Lincolnshire?
Homebuyers
For homebuyers in Lincolnshire, the housing market currently offers a mix of affordability and variety. The average house price in Lincolnshire is around £210,000, with areas like Lincoln (LN1), Grantham (NG31), and Stamford (PE9) being popular choices due to their historical charm and good transport links. House prices in these areas have seen a steady increase of around 5% over the past year, making them attractive options for those looking to invest in a property. However, availability in these sought-after areas can be limited, so it's important for homebuyers to act quickly when a property of interest becomes available.
Renters
For renters in Lincolnshire, the rental market offers a range of options to suit different budgets and preferences. The average rent for a property in Lincolnshire is around £700 per month, with areas like Louth (LN11), Market Rasen (LN8), and Spalding (PE11) offering affordable rental options. Rent prices have remained relatively stable over the past year, making it a good time for renters to secure a property at a reasonable cost. However, availability can vary depending on the area, so renters should be prepared to act quickly when a suitable property becomes available.
Investors
For investors looking to enter the property market in Lincolnshire, there are opportunities to capitalise on the region's popularity and growth. With average rental yields of around 5% in areas like Gainsborough (DN21), Sleaford (NG34), and Boston (PE21), investors can expect a healthy return on their investment. House prices in Lincolnshire have seen a steady increase over the past year, indicating a strong market for investors looking to buy and hold properties for long-term growth. However, it's important for investors to carefully research the market and choose properties in areas with high demand to maximise their return on investment.
Homebuyers
For homebuyers in Lincolnshire, the housing market currently offers a mix of affordability and variety. The average house price in Lincolnshire is around £210,000, with areas like Lincoln (LN1), Grantham (NG31), and Stamford (PE9) being popular choices due to their historical charm and good transport links. House prices in these areas have seen a steady increase of around 5% over the past year, making them attractive options for those looking to invest in a property. However, availability in these sought-after areas can be limited, so it's important for homebuyers to act quickly when a property of interest becomes available.
Renters
For renters in Lincolnshire, the rental market offers a range of options to suit different budgets and preferences. The average rent for a property in Lincolnshire is around £700 per month, with areas like Louth (LN11), Market Rasen (LN8), and Spalding (PE11) offering affordable rental options. Rent prices have remained relatively stable over the past year, making it a good time for renters to secure a property at a reasonable cost. However, availability can vary depending on the area, so renters should be prepared to act quickly when a suitable property becomes available.
Investors
For investors looking to enter the property market in Lincolnshire, there are opportunities to capitalise on the region's popularity and growth. With average rental yields of around 5% in areas like Gainsborough (DN21), Sleaford (NG34), and Boston (PE21), investors can expect a healthy return on their investment. House prices in Lincolnshire have seen a steady increase over the past year, indicating a strong market for investors looking to buy and hold properties for long-term growth. However, it's important for investors to carefully research the market and choose properties in areas with high demand to maximise their return on investment.
Last updated on 31 May 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for PE23 5HT
Estimated yield for property investors
3%
Yield
The estimated yield for the PE23 5HT postcode area is 3%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in PE23 5HT?
The recently sold properties table lists homes around PE23 5HT that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 30 November 2023 | £497,000 | Longacre Lodge Station Road, Little Steeping, Spilsby, PE23 5BH | Detached | Freehold |
| 01 December 2023 | £219,000 | 1 Lancaster Close, Great Steeping, Spilsby, PE23 5HA | Detached | Freehold |
| 06 March 2024 | £240,000 | 92 Boston Road, Spilsby, PE23 5HH | Detached | Freehold |
| 07 December 2023 | £145,000 | 24 Ancaster Avenue, Spilsby, PE23 5HN | Terraced | Freehold |
| 27 November 2023 | £153,000 | 10 12 The Terrace, Spilsby, PE23 5JR | Other | Freehold |
| 21 February 2024 | £375,000 | 91 Halton Road, Spilsby, PE23 5LD | Detached | Freehold |
| 28 February 2024 | £230,000 | 4 Tasman Road, Spilsby, PE23 5LN | Detached | Freehold |
| 15 September 2022 | £205,000 | 9 Shamfields Road, Spilsby, PE23 5NN | Detached | Freehold |
| 05 March 2024 | £270,000 | 51 Station Road, Halton Holegate, Spilsby, PE23 5PB | Detached | Freehold |
| 09 June 2023 | £200,000 | 25 Station Road, Firsby, Spilsby, PE23 5PX | Detached | Freehold |
Nearby sold properties | ||||
| 06 March 2024 | £270,000 | The Woodlands Main Road, East Keal, Spilsby, PE23 4BB | Detached | Freehold |
| 07 September 2022 | £645,000 | The Lodge Aswardby, Spilsby, PE23 4JS | Other | Freehold |
| 29 February 2024 | £340,000 | Thorneywell Cottage Thornwell Lane, Hagworthingham, Spilsby, PE23 4LR | Detached | Freehold |
| 12 February 2021 | £415,000 | 2 Fairfield Place, Partney, Spilsby, PE23 4PA | Detached | Freehold |
| 25 January 2023 | £522,850 | 7 Fairfield Place, Partney, Spilsby, PE23 4PA | Detached | Freehold |
| 05 July 2023 | £380,000 | Mulberry Scremby Road, Partney, Spilsby, PE23 4PG | Detached | Freehold |
| 22 December 2021 | £220,000 | Rose Bank Main Road, Skendleby, Spilsby, PE23 4QE | Detached | Freehold |
Please note that house prices for properties sold in and around PE23 5HT during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
