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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
PE23 5LWHouse Prices / East Midlands, East Lindsey, Franklin Gardens
Last updated May 2026
Key Postcode Insights
PE23 5LW is a residential postcode situated on Franklin Gardens, Spilsby, PE23 with 20 addresses.
It ranks as the 312th largest and 6th 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 20 properties: 20 houses.
20
Properties
- Houses
Key Postcode Insights
PE23 5LW is a residential postcode situated on Franklin Gardens, Spilsby, PE23 with 20 addresses.
It ranks as the 312th largest and 6th 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 20 properties: 20 houses.
20
Properties
- Houses
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House Pricesin PE23 5LW
Sale prices range from £68,759 for 2 bedroom freehold houses with a garden (635 ft2) to £93,561 for 3 bedroom freehold houses with a garden (1,194 ft2) .
Monthly rental prices range from £361 pcm for 2 bed houses to £467 pcm for 3 bed houses.
The gross rental yield is between 6.0% and 6.4%.
The average value per square foot is £96.
Average Sale Value
£81,734
Average Rental Value
£421 pcm
Average Rental Yield
6.2% /year
Average Value Per Sqft
£96 /ft2
Sales Market Trendsin PE23 5LW
The last sale in PE23 5LW sold for £67,500 on 29th September 2016. Since then prices are up an average of 35.2%.
The current average value in the postcode is £81,734.
The PE23 5LW Sales Market has increased by 47.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.6% | £81,734 |
| April 2025 | -0.7% | £83,896 |
| April 2024 | -1.6% | £84,489 |
| April 2023 | 4.5% | £85,898 |
| April 2022 | 13% | £82,233 |
| April 2021 | 10% | £72,751 |
| April 2020 | -2.6% | £66,156 |
| April 2019 | 9.6% | £67,894 |
| April 2018 | -0.8% | £61,970 |
| April 2017 | 12.8% | £62,492 |
| April 2016 | -2.4% | £55,422 |
| April 2015 | 2.2% | £56,780 |
| April 2014 | 10.3% | £55,576 |
| April 2013 | -2.2% | £50,400 |
| April 2012 | -2.2% | £51,553 |
| April 2011 | -3.1% | £52,713 |
| April 2010 | -1% | £54,416 |
| April 2009 | -10.4% | £54,970 |
| April 2008 | 3.1% | £61,382 |
| April 2007 | 0% | £59,563 |
Rental Market Trendsin PE23 5LW
The current average rental value in the postcode is £421.
The PE23 5LW Rental Market has increased by 39.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.5% | £421pcm |
| April 2025 | 6.5% | £403pcm |
| April 2024 | 3.2% | £378pcm |
| April 2023 | 6.5% | £366pcm |
| April 2022 | 8.3% | £344pcm |
| April 2021 | 3% | £317pcm |
| April 2020 | 0.9% | £308pcm |
| April 2019 | -0.8% | £305pcm |
| April 2018 | 0.3% | £308pcm |
| April 2017 | 1.8% | £307pcm |
| April 2016 | 2.4% | £302pcm |
| April 2015 | 3.1% | £295pcm |
| April 2014 | 3.3% | £286pcm |
| April 2013 | 3% | £277pcm |
| April 2012 | 0.3% | £268pcm |
| April 2011 | 2.2% | £268pcm |
| April 2010 | 5.4% | £262pcm |
| April 2009 | -7.1% | £249pcm |
| April 2008 | 6.7% | £267pcm |
| April 2007 | 0% | £251pcm |
Explore Propertiesin PE23 5LW, Franklin Gardens, Spilsby, PE23
- 1, Franklin Gardens, Spilsby, PE23 5LW2 bed modern house
- 2, Franklin Gardens, Spilsby, PE23 5LW2 bed modern house
- 3, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 4, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 5, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 6, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 7, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 8, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 9, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 10, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 11, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 12, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 13, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 14, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 15, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 16, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 17, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 18, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 19, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
- 20, Franklin Gardens, Spilsby, PE23 5LW3 bed modern house
Sales Historyin PE23 5LW
The last sale was on 29th September 2016 for £67,500 and since then the market in the area has increased by 35.2%. The postcode has had a total of 6 sales since 1995.
PE23 5LW has seen no sales in the last three years and no sales in the last twelve months.
Sold Sep 2016£67,500 | 3 Bed HouseFranklin Gardens8, Franklin Gardens, Spilsby, PE23 5LW
Sold Apr 2012£50,000 | 3 Bed HouseFranklin Gardens8, Franklin Gardens, Spilsby, PE23 5LW
Sold Aug 2008£71,000 | 3 Bed HouseFranklin Gardens8, Franklin Gardens, Spilsby, PE23 5LW
Sold Jul 2008£57,500 | 3 Bed HouseFranklin Gardens5, Franklin Gardens, Spilsby, PE23 5LW
Sold Jun 2005£63,500 | 3 Bed HouseFranklin Gardens8, Franklin Gardens, Spilsby, PE23 5LW
Sold Mar 2004£43,750 | 3 Bed HouseFranklin Gardens5, Franklin Gardens, Spilsby, PE23 5LW
Nearby Postcodesto PE23 5LW
PE23 5LW is the 312th largest and the 6th most expensive postcode out of the 380 postcodes in the PE23 area.
- 37 mPE23 5LB, Alma Place, Spilsby, PE23PE23 5LB26 Addresses
- 55 mPE23 5NL, Fitzjames Close, Spilsby, PE23PE23 5NL16 Addresses
- 92 mPE23 5NN, Shamfields Road, Spilsby, PE23PE23 5NN42 Addresses
- 110 mPE23 5LA, Halton Road, Spilsby, PE23PE23 5LA28 Addresses
- 111 mPE23 5LN, Tasman Road, Spilsby, PE23PE23 5LN35 Addresses
- 143 mPE23 5NW, Talbot Close, Spilsby, PE23PE23 5NW15 Addresses
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Property Typesin PE23 5LW
- 20 modern houses built after 1980
- modern house (20)
Energy Efficiencyof properties in PE23 5LW
- Energy Performance Certificate (EPC) surveys conducted for 20 properties.
- The dominant rating is B.
- A (0)
- E (0)
- B (16)
- F (0)
- C (4)
- G (0)
- D (0)
- No EPC (0)
Top 3 Most Expensive Saleson Franklin Gardens
Schools Nearbyto PE23 5LW
The nearest primary school to PE23 5LW is Spilsby Primary School which is 551 metres away.
- 551mSpilsby Primary School
- 1.6kmHalton Holegate CofE Primary School
- 2.6kmToynton All Saints Primary School
The nearest secondary school is King Edward VI Academy which is 710 metres away.
- 710mKing Edward VI Academy
- 10.8kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 11.0kmWilliam Lovell Church of England Academy
More reading links
Public Transport Nearbyto PE23 5LW
The closest station to PE23 5LW is Thorpe Culvert station which is 8.6 kilometres away.
- 8.6kmThorpe Culvert
- 11.7kmWainfleet
- 13.2kmHavenhouse
- 16.0kmSkegness
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