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4 The Terrace is a residential building situated on The Terrace, Spilsby, PE23 with 2 addresses.
It ranks as the 13th largest and 46th most expensive of the 66 buildings in the PE23 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
4 The Terrace is a residential building situated on The Terrace, Spilsby, PE23 with 2 addresses.
It ranks as the 13th largest and 46th most expensive of the 66 buildings in the PE23 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £66,903 for 5 bedroom Leasehold flats (1,388 ft2) to £128,461 for 5 bedroom Leasehold flats (1,388 ft2) .
Monthly rental prices range from £474 pcm for 5 bed flats to £637 pcm for 5 bed flats.
The gross rental yield is between 5.9% and 8.5%.
The average value per square foot is £70.
The last sale in 4 The Terrace sold for £132,000 on 15th November 2023. Since then prices are down an average of 3.3%.
The current average value in the building is £97,682.
The 4 The Terrace Sales Market has increased by 30.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.8% | £97,682 |
| May 2025 | -3.7% | £98,458 |
| May 2024 | -1.7% | £102,191 |
| May 2023 | 2.6% | £104,010 |
| May 2022 | 10% | £101,397 |
| May 2021 | 7.4% | £92,143 |
| May 2020 | -1.9% | £85,771 |
| May 2019 | 6.6% | £87,409 |
| May 2018 | -1% | £82,016 |
| May 2017 | 10.6% | £82,870 |
| May 2016 | -3.5% | £74,913 |
| May 2015 | 1.1% | £77,603 |
| May 2014 | 5.8% | £76,780 |
| May 2013 | 0.5% | £72,563 |
| May 2012 | -2.8% | £72,191 |
| May 2011 | -2.9% | £74,234 |
| May 2010 | -1.4% | £76,473 |
| May 2009 | -9% | £77,531 |
| May 2008 | 0.3% | £85,195 |
| May 2007 | 0% | £84,900 |
The current average rental value in the building is £555.
The 4 The Terrace Rental Market has increased by 39.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5.7% | £555pcm |
| May 2025 | 3.6% | £525pcm |
| May 2024 | 6.6% | £507pcm |
| May 2023 | 7.3% | £475pcm |
| May 2022 | 3.8% | £443pcm |
| May 2021 | 3.1% | £427pcm |
| May 2020 | 2% | £414pcm |
| May 2019 | 0.5% | £406pcm |
| May 2018 | 0.3% | £404pcm |
| May 2017 | 1.2% | £403pcm |
| May 2016 | 1.4% | £398pcm |
| May 2015 | 2.4% | £393pcm |
| May 2014 | 1.8% | £384pcm |
| May 2013 | 1.3% | £377pcm |
| May 2012 | 1.7% | £372pcm |
| May 2011 | 2% | £366pcm |
| May 2010 | -1.2% | £359pcm |
| May 2009 | -3.9% | £363pcm |
| May 2008 | 2.1% | £378pcm |
| May 2007 | 0% | £370pcm |
The last sale was on 15th November 2023 for £132,000 and since then the market in the area has decreased by 3.3%. The building has had a total of 2 sales since 1995.
4, The Terrace, Spilsby, PE23 5JR has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 4, The Terrace, Spilsby, PE23 5JR is Thorpe Culvert station which is 8.9 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 4, The Terrace, Spilsby, PE23 5JR, 52.0% of property is privately rented and 29.7% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, The Terrace, Spilsby, PE23 5JR, 13.4% of residents are recorded as possessing school level qualifications and 22.8% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, The Terrace, Spilsby, PE23 5JR, the average age was 47.5 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, The Terrace, Spilsby, PE23 5JR, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, The Terrace, Spilsby, PE23 5JR, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.