Main Road - PE23 5LS
Key Postcode Insights
PE23 5LS is a residential postcode situated on Main Road, Hundleby, Spilsby, PE23 with 50 addresses.
It ranks as the 733rd largest and 130th 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 50 properties: 41 houses, 2 flats and 7 other properties.
- Ave. Sale Price
- £181,699
- 10 Year change
- up 29.6%
- Ave. Rental Price
- £869pcm
- 10 Year change
- up 48.1%
- Ave. £ per ft²
- £151/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Key Postcode Insights
PE23 5LS is a residential postcode situated on Main Road, Hundleby, Spilsby, PE23 with 50 addresses.
It ranks as the 733rd largest and 130th 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 50 properties: 41 houses, 2 flats and 7 other properties.
- Ave. Sale Price
- £181,699
- 10 Year change
- up 29.6%
- Ave. Rental Price
- £869pcm
- 10 Year change
- up 48.1%
- Ave. £ per ft²
- £151/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Explore Properties in PE23 5LS
- Cherry Holt
4 Bed Modern House
- Oak Lodge
5 Bed Modern House
- 2 Main Road
Building  |  2 Flats
- 3 Main Road
3 Bed Period House
- 4 Main Road
4 Bed Period House
Sales Market Trends
The last sale in PE23 5LS sold for £215,000 on 12th December 2025. Since then prices are down an average of 0.4%.
The current average value in the postcode is £181,699.
The PE23 5LS Sales Market has increased by 29.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.5% | £181,699 |
| June 2025 | -3.5% | £186,419 |
| June 2024 | -0.8% | £193,186 |
| June 2023 | 0.3% | £194,701 |
| June 2022 | 13.9% | £194,046 |
| June 2021 | 8.3% | £170,359 |
| June 2020 | 0.1% | £157,357 |
| June 2019 | 2.7% | £157,157 |
| June 2018 | 2.6% | £152,998 |
| June 2017 | 6.4% | £149,152 |
| June 2016 | 5.8% | £140,232 |
| June 2015 | 2.2% | £132,549 |
| June 2014 | 2.3% | £129,671 |
| June 2013 | 2.1% | £126,706 |
| June 2012 | 0.1% | £124,049 |
| June 2011 | -0.7% | £123,898 |
| June 2010 | 0.7% | £124,752 |
| June 2009 | -8.7% | £123,842 |
| June 2008 | -1.9% | £135,627 |
| June 2007 | 0% | £138,244 |
Rental Market Trends
The current average rental value in the postcode is £869.
The PE23 5LS Rental Market has increased by 48.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £869pcm |
| June 2025 | 5% | £841pcm |
| June 2024 | 5.2% | £801pcm |
| June 2023 | 7.5% | £761pcm |
| June 2022 | 6.4% | £708pcm |
| June 2021 | 6.4% | £666pcm |
| June 2020 | 2.8% | £626pcm |
| June 2019 | 0.5% | £609pcm |
| June 2018 | 1.2% | £606pcm |
| June 2017 | 2% | £599pcm |
| June 2016 | 2.9% | £587pcm |
| June 2015 | 2.8% | £570pcm |
| June 2014 | 2.2% | £555pcm |
| June 2013 | 1.7% | £543pcm |
| June 2012 | 0.5% | £534pcm |
| June 2011 | 0.8% | £531pcm |
| June 2010 | 5.1% | £527pcm |
| June 2009 | -4.5% | £501pcm |
| June 2008 | 1.6% | £525pcm |
| June 2007 | 0% | £516pcm |
Sales History
The last recorded sale was on 12th December 2025 for £215,000 and since then the market in the area has decreased by 0.4%.
PE23 5LS has had 3 sales since 1995, with 3 in the last three years and 2 in the last twelve months.
- Sold Dec 2025£215,000 | 3 Bed House40, Main Road, Spilsby, PE23 5LS40, Main Road, Spilsby, PE23 5LS
- Sold Aug 2025£170,000 | 4 Bed House50, Main Road, Spilsby, PE23 5LS50, Main Road, Spilsby, PE23 5LS
- Sold Nov 2024£110,000 | 4 Bed House6, Main Road, Spilsby, PE23 5LS6, Main Road, Spilsby, PE23 5LS
Nearby Postcodes
PE23 5LS is the 733rd largest and the 130th most expensive postcode out of the 750 postcodes in the PE23 area.
- PE23 5LU, Brewery Yard, Hundleby, Spilsby, PE23PE23 5LU6 Addresses|83 m away
- PE23 5LT, Grace Swan Close, Spilsby, PE23PE23 5LT7 Addresses|106 m away
- PE23 5RD, The Gables, Hundleby, Spilsby, PE23PE23 5RD16 Addresses|134 m away
- PE23 5QT, Jacks Lane, Spilsby, PE23PE23 5QT3 Addresses|140 m away
- PE23 5LR, Masonic Lane, Spilsby, PE23PE23 5LR21 Addresses|183 m away
Property Types
- 35 period houses built between 1800 and 1911
- 2 period flats built between 1800 and 1911
- 4 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 7 other addresses of unknown type
- period house (35)
- period flat (2)
- modern house (4)
- mid-century house (1)
- house (1)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 42 properties.
- The most common rating is D.
- A (0)
- E (13)
- B (0)
- F (4)
- C (4)
- G (0)
- D (21)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold Sep 2025£949,000 | 5 Bed HouseKingswood, Main Road, Spilsby, PE23 5NQKingswood, Main Road, Spilsby, PE23 5NQ
- Sold Apr 2023£830,000 | 5 Bed House127, Main Road, Spilsby, PE23 5NQ127, Main Road, Spilsby, PE23 5NQ
- Sold Aug 2022£794,500 | 5 Bed House35, Main Road, Spilsby, PE23 5LZ35, Main Road, Spilsby, PE23 5LZ
Schools Nearby
- Spilsby Primary School700 m away
- Halton Holegate CofE Primary School2.6 km away
- Partney Church of England Aided Primary School2.7 km away
- King Edward VI Academy600 m away
- Queen Elizabeth's Grammar Alford - A Selective Academy10.8 km away
- William Lovell Church of England Academy10.9 km away
More reading links
Public Transport Nearby
The closest station to PE23 5LS is Thorpe Culvert station, which is 9.7 kilometres away.
- Thorpe Culvert|9.7 km away
- Wainfleet|12.8 km away
- Havenhouse|14.3 km away
- Skegness|17.0 km away
