Thorpe Bank - PE23 5BB
Key Postcode Insights
PE23 5BB is a residential postcode situated on Thorpe Bank, Little Steeping, Spilsby, PE23 with 8 addresses.
It ranks as the 375th largest and 504th most expensive of the 750 postcodes in the PE23 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £309,391
- 10 Year change
- up 33.5%
- Ave. Rental Price
- £1,106pcm
- 10 Year change
- up 37.7%
- Ave. £ per ft²
- £302/ft²
- Ave. Gross Yield
- 4.3%/year/yr
Key Postcode Insights
PE23 5BB is a residential postcode situated on Thorpe Bank, Little Steeping, Spilsby, PE23 with 8 addresses.
It ranks as the 375th largest and 504th most expensive of the 750 postcodes in the PE23 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £309,391
- 10 Year change
- up 33.5%
- Ave. Rental Price
- £1,106pcm
- 10 Year change
- up 37.7%
- Ave. £ per ft²
- £302/ft²
- Ave. Gross Yield
- 4.3%/year/yr
Explore Propertiesin PE23 5BB
- Abbotsthorpe
Unknown
- Blackhorse Farm
Unknown
- Casa-Mayor
Unknown
- Heaven
3 Bed Period House
- Holly Lodge
4 Bed Modern House
Sales Market Trends
The last sale in PE23 5BB sold for £365,000 on 18th August 2023. Since then prices are down an average of 6.8%.
The current average value in the postcode is £309,391.
The PE23 5BB Sales Market has increased by 33.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.2% | £309,391 |
| June 2025 | -1.2% | £319,508 |
| June 2024 | -2.9% | £323,444 |
| June 2023 | 1.3% | £333,099 |
| June 2022 | 13.9% | £328,690 |
| June 2021 | 8.2% | £288,663 |
| June 2020 | 2% | £266,670 |
| June 2019 | 2.7% | £261,565 |
| June 2018 | 3.7% | £254,724 |
| June 2017 | 6% | £245,694 |
| June 2016 | 3.3% | £231,744 |
| June 2015 | 5% | £224,327 |
| June 2014 | 4.5% | £213,738 |
| June 2013 | 0.9% | £204,601 |
| June 2012 | 0.1% | £202,682 |
| June 2011 | -2.1% | £202,464 |
| June 2010 | 3.1% | £206,881 |
| June 2009 | -9.4% | £200,571 |
| June 2008 | -2% | £221,342 |
| June 2007 | 0% | £225,890 |
Rental Market Trends
The current average rental value in the postcode is £1,106.
The PE23 5BB Rental Market has increased by 37.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.6% | £1,106pcm |
| June 2025 | 5.4% | £1,068pcm |
| June 2024 | 3.2% | £1,013pcm |
| June 2023 | 5.3% | £982pcm |
| June 2022 | 8.1% | £932pcm |
| June 2021 | 4.1% | £863pcm |
| June 2020 | 1% | £828pcm |
| June 2019 | -0.3% | £821pcm |
| June 2018 | 0.6% | £823pcm |
| June 2017 | 1.8% | £818pcm |
| June 2016 | 2.5% | £803pcm |
| June 2015 | 3.6% | £784pcm |
| June 2014 | 1.4% | £757pcm |
| June 2013 | 1.5% | £747pcm |
| June 2012 | 0.5% | £736pcm |
| June 2011 | 1.3% | £732pcm |
| June 2010 | 8.8% | £722pcm |
| June 2009 | -4.6% | £664pcm |
| June 2008 | 1.1% | £696pcm |
| June 2007 | 0% | £689pcm |
Sales History
The last sale was on 18th August 2023 for £365,000 and since then the market in the area has decreased by 6.8%. The postcode has had a total of 10 sales since 1995.
PE23 5BB has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Aug 2023£365,000 | 3 Bed HouseThe Cottage, Thorpe Bank, Spilsby, PE23 5BBThe Cottage, Thorpe Bank, Spilsby, PE23 5BB
- Sold Jan 2022£495,000 | 4 Bed HouseHolly Lodge, Thorpe Bank, Spilsby, PE23 5BBHolly Lodge, Thorpe Bank, Spilsby, PE23 5BB
- Sold Nov 2013£250,000 | 4 Bed HouseHolly Lodge, Thorpe Bank, Spilsby, PE23 5BBHolly Lodge, Thorpe Bank, Spilsby, PE23 5BB
- Sold Sep 2013£172,500 | 3 Bed HouseThe Cottage, Thorpe Bank, Spilsby, PE23 5BBThe Cottage, Thorpe Bank, Spilsby, PE23 5BB
- Sold Dec 2009£130,000 | 3 Bed HouseThe Cottage, Thorpe Bank, Spilsby, PE23 5BBThe Cottage, Thorpe Bank, Spilsby, PE23 5BB
Nearby Postcodes
PE23 5BB is the 375th largest and the 504th most expensive postcode out of the 750 postcodes in the PE23 area.
- PE23 5BA, Thorpe Bank, Halton Holegate, Spilsby, PE23PE23 5BA1 Addresses|382 m away
- PE23 5BG, Thorpe Bank, Little Steeping, Spilsby, PE23PE23 5BG12 Addresses|596 m away
- PE23 5BE, Halton Fen, Halton Holegate, Spilsby, PE23PE23 5BE13 Addresses|679 m away
- PE23 5AY, Fen Road, Toynton St. Peter, Spilsby, PE23PE23 5AY13 Addresses|1.5 km away
- PE23 5BQ, Station Road, Little Steeping, Spilsby, PE23PE23 5BQ23 Addresses|1.9 km away
Property Types
- 2 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 5 other addresses of unknown type
- period house (2)
- modern house (1)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (1)
- C (1)
- G (0)
- D (1)
- No EPC (5)
Top 3 Most Expensive Sales
- Sold Jan 2022£495,000 | 4 Bed HouseHolly Lodge, Thorpe Bank, Spilsby, PE23 5BBHolly Lodge, Thorpe Bank, Spilsby, PE23 5BB
- Sold Jun 2024£450,000 | 4 Bed HouseBlack Horse House, Thorpe Bank, Spilsby, PE23 5BGBlack Horse House, Thorpe Bank, Spilsby, PE23 5BG
- Sold Jan 2021£373,000 | 4 Bed HouseBlack Horse House, Thorpe Bank, Spilsby, PE23 5BGBlack Horse House, Thorpe Bank, Spilsby, PE23 5BG
Schools Nearby
- Great Steeping Primary School3.9 km away
- Toynton All Saints Primary School4.0 km away
- Halton Holegate CofE Primary School4.1 km away
- King Edward VI Academy6.2 km away
- William Lovell Church of England Academy9.1 km away
- The Giles Academy10.8 km away
More reading links
Public Transport Nearby
The closest station to PE23 5BB is Thorpe Culvert station, which is 4.9 kilometres away.
- Thorpe Culvert|4.9 km away
- Wainfleet|7.5 km away
- Havenhouse|9.8 km away
- Skegness|14.0 km away
