School Lane - PE23 5PU
Key Postcode Insights
PE23 5PU is a residential postcode situated on School Lane, Great Steeping, Spilsby, PE23 with 4 addresses.
It ranks as the 226th largest and 339th 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 4 properties: 4 houses.
- Ave. Sale Price
- £247,853
- 10 Year change
- up 35.4%
- Ave. Rental Price
- £1,058pcm
- 10 Year change
- up 41.3%
- Ave. £ per ft²
- £232/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
PE23 5PU is a residential postcode situated on School Lane, Great Steeping, Spilsby, PE23 with 4 addresses.
It ranks as the 226th largest and 339th 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 4 properties: 4 houses.
- Ave. Sale Price
- £247,853
- 10 Year change
- up 35.4%
- Ave. Rental Price
- £1,058pcm
- 10 Year change
- up 41.3%
- Ave. £ per ft²
- £232/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin PE23 5PU
- Clovelly
3 Bed Modern House
- Little Paddocks
4 Bed Mid-century House
- Tramps
3 Bed Mid-century House
- Windermere
House
Sales Market Trends
The last sale in PE23 5PU sold for £235,000 on 4th August 2025. Since then prices are down an average of 2.5%.
The current average value in the postcode is £247,853.
The PE23 5PU Sales Market has increased by 35.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.6% | £247,853 |
| June 2025 | -2.2% | £257,162 |
| June 2024 | -1.8% | £262,905 |
| June 2023 | 1.4% | £267,636 |
| June 2022 | 14.1% | £263,821 |
| June 2021 | 9.2% | £231,278 |
| June 2020 | 1.1% | £211,767 |
| June 2019 | 3.5% | £209,517 |
| June 2018 | 3.7% | £202,378 |
| June 2017 | 6.5% | £195,068 |
| June 2016 | 4% | £183,083 |
| June 2015 | 4.5% | £176,018 |
| June 2014 | 3.8% | £168,376 |
| June 2013 | 0.2% | £162,147 |
| June 2012 | 0.4% | £161,848 |
| June 2011 | -2.1% | £161,141 |
| June 2010 | 2.7% | £164,547 |
| June 2009 | -7.9% | £160,174 |
| June 2008 | -2.1% | £173,975 |
| June 2007 | 0% | £177,774 |
Rental Market Trends
The current average rental value in the postcode is £1,058.
The PE23 5PU Rental Market has increased by 41.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £1,058pcm |
| June 2025 | 4.9% | £1,031pcm |
| June 2024 | 3.8% | £983pcm |
| June 2023 | 6% | £947pcm |
| June 2022 | 7.8% | £893pcm |
| June 2021 | 5.2% | £829pcm |
| June 2020 | 1.2% | £788pcm |
| June 2019 | 0.3% | £778pcm |
| June 2018 | 1.2% | £776pcm |
| June 2017 | 2.4% | £767pcm |
| June 2016 | 2.9% | £749pcm |
| June 2015 | 3.3% | £728pcm |
| June 2014 | 1.7% | £705pcm |
| June 2013 | 1.2% | £694pcm |
| June 2012 | 0.6% | £686pcm |
| June 2011 | 1.2% | £682pcm |
| June 2010 | 8.7% | £673pcm |
| June 2009 | -3.7% | £619pcm |
| June 2008 | 1% | £643pcm |
| June 2007 | 0% | £637pcm |
Sales History
The last sale was on 4th August 2025 for £235,000 and since then the market in the area has decreased by 2.5%. The postcode has had a total of 6 sales since 1995.
PE23 5PU has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Aug 2025£235,000 | 3 Bed HouseTramps, School Lane, Spilsby, PE23 5PUTramps, School Lane, Spilsby, PE23 5PU
- Sold Feb 2025£250,000 | 3 Bed HouseClovelly, School Lane, Spilsby, PE23 5PUClovelly, School Lane, Spilsby, PE23 5PU
- Sold Nov 2020£215,000 | 3 Bed HouseClovelly, School Lane, Spilsby, PE23 5PUClovelly, School Lane, Spilsby, PE23 5PU
- Sold Jul 2012£100,000 | 3 Bed HouseClovelly, School Lane, Spilsby, PE23 5PUClovelly, School Lane, Spilsby, PE23 5PU
- Sold Dec 2004£265,000 | 4 Bed HouseLittle Paddocks, School Lane, Spilsby, PE23 5PULittle Paddocks, School Lane, Spilsby, PE23 5PU
Nearby Postcodes
PE23 5PU is the 226th largest and the 339th most expensive postcode out of the 750 postcodes in the PE23 area.
- PE23 5PT, Great Steeping, Spilsby, PE23PE23 5PT37 Addresses|158 m away
- PE23 5HA, Lancaster Close, Great Steeping, Spilsby, PE23PE23 5HA20 Addresses|240 m away
- PE23 5PS, Sandy Lane, Great Steeping, Spilsby, PE23PE23 5PS13 Addresses|358 m away
- PE23 5PZ, Pinfold Lane, Great Steeping, Spilsby, PE23PE23 5PZ4 Addresses|412 m away
- PE23 5PR, Old Church Lane, Great Steeping, Spilsby, PE23PE23 5PR7 Addresses|452 m away
Property Types
- 1 modern house built after 1980
- 2 mid-century houses built between 1936 and 1979
- 1 other address of unknown type
- modern house (1)
- mid-century house (2)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (3)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Jan 2021£725,000 | 5 Bed HouseThe Granary, School Lane, Spilsby, PE23 5PYThe Granary, School Lane, Spilsby, PE23 5PY
- Sold Nov 2016£660,000 | 5 Bed HouseThe Granary, School Lane, Spilsby, PE23 5PYThe Granary, School Lane, Spilsby, PE23 5PY
- Sold Dec 2004£265,000 | 4 Bed HouseLittle Paddocks, School Lane, Spilsby, PE23 5PULittle Paddocks, School Lane, Spilsby, PE23 5PU
Schools Nearby
- Great Steeping Primary School100 m away
- Halton Holegate CofE Primary School2.6 km away
- Spilsby Primary School4.4 km away
- King Edward VI Academy4.6 km away
- Queen Elizabeth's Grammar Alford - A Selective Academy11.3 km away
- John Spendluffe Foundation Technology College11.4 km away
More reading links
Public Transport Nearby
The closest station to PE23 5PU is Thorpe Culvert station, which is 4.9 kilometres away.
- Thorpe Culvert|4.9 km away
- Wainfleet|7.9 km away
- Havenhouse|9.3 km away
- Skegness|12.1 km away
