Thorpe Bank - PE23 5BG
Key Postcode Insights
PE23 5BG is a residential postcode situated on Thorpe Bank, Little Steeping, Spilsby, PE23 with 12 addresses.
It ranks as the 471st largest and 206th most expensive of the 750 postcodes in the PE23 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 11 houses and 1 other property.
- Ave. Sale Price
- £227,810
- 10 Year change
- up 33.6%
- Ave. Rental Price
- £1,037pcm
- 10 Year change
- up 37.8%
- Ave. £ per ft²
- £191/ft²
- Ave. Gross Yield
- 5.5%/year/yr
Key Postcode Insights
PE23 5BG is a residential postcode situated on Thorpe Bank, Little Steeping, Spilsby, PE23 with 12 addresses.
It ranks as the 471st largest and 206th most expensive of the 750 postcodes in the PE23 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 11 houses and 1 other property.
- Ave. Sale Price
- £227,810
- 10 Year change
- up 33.6%
- Ave. Rental Price
- £1,037pcm
- 10 Year change
- up 37.8%
- Ave. £ per ft²
- £191/ft²
- Ave. Gross Yield
- 5.5%/year/yr
Explore Properties in PE23 5BG
- Black Horse House
4 Bed Modern House
- Sasmar
3 Bed Mid-century House
- Station Farm
House
- The Larch
4 Bed Mid-century House
- 1 Thorpe Bank
3 Bed Early-century House
Sales Market Trends
The last sale in PE23 5BG sold for £450,000 on 14th June 2024. Since then prices are down an average of 3.6%.
The current average value in the postcode is £227,810.
The PE23 5BG Sales Market has increased by 33.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.5% | £227,810 |
| June 2025 | -1.3% | £236,028 |
| June 2024 | -2.9% | £239,026 |
| June 2023 | 1.4% | £246,200 |
| June 2022 | 13.9% | £242,856 |
| June 2021 | 8.4% | £213,154 |
| June 2020 | 1.9% | £196,707 |
| June 2019 | 2.8% | £193,030 |
| June 2018 | 3.7% | £187,717 |
| June 2017 | 6.1% | £181,008 |
| June 2016 | 3.4% | £170,563 |
| June 2015 | 5% | £165,019 |
| June 2014 | 4.5% | £157,132 |
| June 2013 | 0.8% | £150,392 |
| June 2012 | 0.3% | £149,246 |
| June 2011 | -2.3% | £148,809 |
| June 2010 | 3.3% | £152,240 |
| June 2009 | -9.1% | £147,308 |
| June 2008 | -2% | £162,141 |
| June 2007 | 0% | £165,368 |
Rental Market Trends
The current average rental value in the postcode is £1,037.
The PE23 5BG Rental Market has increased by 37.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £1,037pcm |
| June 2025 | 5.4% | £1,004pcm |
| June 2024 | 3.2% | £953pcm |
| June 2023 | 5.4% | £923pcm |
| June 2022 | 8.1% | £876pcm |
| June 2021 | 4.2% | £811pcm |
| June 2020 | 0.9% | £778pcm |
| June 2019 | -0.1% | £771pcm |
| June 2018 | 0.7% | £772pcm |
| June 2017 | 1.9% | £767pcm |
| June 2016 | 2.6% | £753pcm |
| June 2015 | 3.6% | £734pcm |
| June 2014 | 1.4% | £708pcm |
| June 2013 | 1.3% | £698pcm |
| June 2012 | 0.7% | £689pcm |
| June 2011 | 1.2% | £685pcm |
| June 2010 | 9% | £677pcm |
| June 2009 | -4.4% | £621pcm |
| June 2008 | 1.2% | £649pcm |
| June 2007 | 0% | £642pcm |
Sales History
The last recorded sale was on 14th June 2024 for £450,000 and since then the market in the area has decreased by 3.6%.
PE23 5BG has had 3 sales since 1995, with 1 in the last three years and none in the last twelve months.
- Sold Jun 2024£450,000 | 4 Bed HouseBlack Horse House, Thorpe Bank, Spilsby, PE23 5BGBlack Horse House, Thorpe Bank, Spilsby, PE23 5BG
- Sold Mar 2022£220,000 | 3 Bed HouseSasmar, Thorpe Bank, Spilsby, PE23 5BGSasmar, 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
Nearby Postcodes
PE23 5BG is the 471st largest and the 206th most expensive postcode out of the 750 postcodes in the PE23 area.
- PE23 5BE, Halton Fen, Halton Holegate, Spilsby, PE23PE23 5BE13 Addresses|499 m away
- PE23 5BB, Thorpe Bank, Little Steeping, Spilsby, PE23PE23 5BB8 Addresses|596 m away
- PE23 5BA, Thorpe Bank, Halton Holegate, Spilsby, PE23PE23 5BA1 Address|976 m away
- PE23 5BQ, Station Road, Little Steeping, Spilsby, PE23PE23 5BQ23 Addresses|1.4 km away
- PE23 5BH, Station Road, Little Steeping, Spilsby, PE23PE23 5BH24 Addresses|1.7 km away
Property Types
- 1 modern house built after 1980
- 8 mid-century houses built between 1936 and 1979
- 2 early-century houses built between 1912 and 1935
- 1 other address of unknown type
- modern house (1)
- mid-century house (8)
- early-century house (2)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 11 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (2)
- F (0)
- C (2)
- G (0)
- D (5)
- No EPC (1)
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 School3.5 km away
- Halton Holegate CofE Primary School4.0 km away
- Toynton All Saints Primary School4.3 km away
- King Edward VI Academy6.2 km away
- William Lovell Church of England Academy9.7 km away
- The Giles Academy11.1 km away
More reading links
Public Transport Nearby
The closest station to PE23 5BG is Thorpe Culvert station, which is 4.4 kilometres away.
- Thorpe Culvert|4.4 km away
- Wainfleet|7.1 km away
- Havenhouse|9.4 km away
- Skegness|13.4 km away
