PE23 4AY is a residential postcode situated on Fen Lane, East Keal, Spilsby, PE23 with 52 addresses.
It ranks as the 375th largest and 327th most expensive of the 380 postcodes in the PE23 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 52 properties: 52 houses.
PE23 4AY is a residential postcode situated on Fen Lane, East Keal, Spilsby, PE23 with 52 addresses.
It ranks as the 375th largest and 327th most expensive of the 380 postcodes in the PE23 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 52 properties: 52 houses.
Sale prices range from £238,428 for 3 bedroom freehold houses with a garden (1,190 ft2) to £716,234 for 5 bedroom freehold houses with a garden (3,401 ft2) .
Monthly rental prices range from £1,017 pcm for 3 bed houses to £2,800 pcm for 5 bed houses.
The gross rental yield is between 4.5% and 5.1%.
The average value per square foot is £289.
The last sale in PE23 4AY sold for £329,950 on 18th March 2025. Since then prices are down an average of 5.3%.
The current average value in the postcode is £418,633.
The PE23 4AY Sales Market has increased by 44.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.1% | £418,633 |
| April 2025 | -1.3% | £441,325 |
| April 2024 | -2% | £447,109 |
| April 2023 | 4.4% | £456,100 |
| April 2022 | 13.7% | £437,037 |
| April 2021 | 9.9% | £384,225 |
| April 2020 | -2.1% | £349,641 |
| April 2019 | 8.8% | £357,247 |
| April 2018 | 0.6% | £328,314 |
| April 2017 | 13% | £326,375 |
| April 2016 | 0% | £288,880 |
| April 2015 | 2.4% | £288,934 |
| April 2014 | 7.4% | £282,260 |
| April 2013 | -0.2% | £262,869 |
| April 2012 | -2% | £263,525 |
| April 2011 | -1.7% | £268,973 |
| April 2010 | 1.9% | £273,530 |
| April 2009 | -9.4% | £268,310 |
| April 2008 | 3.2% | £296,165 |
| April 2007 | 0% | £286,966 |
The current average rental value in the postcode is £1,616.
The PE23 4AY Rental Market has increased by 40.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £1,616pcm |
| April 2025 | 5.6% | £1,588pcm |
| April 2024 | 3.2% | £1,504pcm |
| April 2023 | 6.9% | £1,457pcm |
| April 2022 | 8.7% | £1,364pcm |
| April 2021 | 3.5% | £1,254pcm |
| April 2020 | 0.8% | £1,211pcm |
| April 2019 | -0.1% | £1,202pcm |
| April 2018 | 1% | £1,202pcm |
| April 2017 | 3.3% | £1,190pcm |
| April 2016 | 3.4% | £1,152pcm |
| April 2015 | 3.3% | £1,114pcm |
| April 2014 | 1.5% | £1,079pcm |
| April 2013 | 4.1% | £1,062pcm |
| April 2012 | 0.4% | £1,020pcm |
| April 2011 | 3.5% | £1,016pcm |
| April 2010 | 8% | £982pcm |
| April 2009 | -5.6% | £909pcm |
| April 2008 | 7.5% | £964pcm |
| April 2007 | 0% | £897pcm |
The last sale was on 18th March 2025 for £329,950 and since then the market in the area has decreased by 5.3%. The postcode has had a total of 62 sales since 1995.
PE23 4AY has seen 4 sales in the last three years and no sales in the last twelve months.
PE23 4AY is the 375th largest and the 327th most expensive postcode out of the 380 postcodes in the PE23 area.
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The closest station to PE23 4AY is Thorpe Culvert station which is 9.7 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around PE23 4AY, 63.4% of property is privately owned outright and 24.2% is privately owned with a mortgage.
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 PE23 4AY, 9.9% of residents are recorded as possessing school level qualifications and 29.3% 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 PE23 4AY, the average age was 49.7 and the most common age was 57.
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 PE23 4AY, 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 PE23 4AY, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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.