School Lane - PE23 5PY
Key Postcode Insights
PE23 5PY is a residential postcode situated on School Lane, Great Steeping, Spilsby, PE23 with 2 addresses.
It ranks as the 127th largest and 709th most expensive of the 750 postcodes in the PE23 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £474,151
- 10 Year change
- up 35.8%
- Ave. Rental Price
- £1,641pcm
- 10 Year change
- up 41.7%
- Ave. £ per ft²
- £178/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Key Postcode Insights
PE23 5PY is a residential postcode situated on School Lane, Great Steeping, Spilsby, PE23 with 2 addresses.
It ranks as the 127th largest and 709th most expensive of the 750 postcodes in the PE23 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £474,151
- 10 Year change
- up 35.8%
- Ave. Rental Price
- £1,641pcm
- 10 Year change
- up 41.7%
- Ave. £ per ft²
- £178/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Sales Market Trends
The last sale in PE23 5PY sold for £725,000 on 12th January 2021. Since then prices are down an average of 0.0%.
The current average value in the postcode is £474,151.
The PE23 5PY Sales Market has increased by 35.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -4.3% | £474,151 |
| June 2025 | -2.1% | £495,441 |
| June 2024 | -1.8% | £506,125 |
| June 2023 | 1.5% | £515,492 |
| June 2022 | 14.4% | £507,756 |
| June 2021 | 9.4% | £443,659 |
| June 2020 | 1% | £405,486 |
| June 2019 | 4% | £401,391 |
| June 2018 | 3.7% | £385,940 |
| June 2017 | 6.6% | £372,294 |
| June 2016 | 4.1% | £349,274 |
| June 2015 | 4.9% | £335,414 |
| June 2014 | 4% | £319,846 |
| June 2013 | -0.4% | £307,413 |
| June 2012 | 1.2% | £308,750 |
| June 2011 | -2.6% | £304,955 |
| June 2010 | 3% | £312,954 |
| June 2009 | -7.3% | £303,950 |
| June 2008 | -2% | £327,738 |
| June 2007 | 0% | £334,548 |
Rental Market Trends
The current average rental value in the postcode is £1,641.
The PE23 5PY Rental Market has increased by 41.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.9% | £1,641pcm |
| June 2025 | 5% | £1,611pcm |
| June 2024 | 3.8% | £1,534pcm |
| June 2023 | 6.1% | £1,478pcm |
| June 2022 | 8.1% | £1,393pcm |
| June 2021 | 5.4% | £1,289pcm |
| June 2020 | 1.1% | £1,223pcm |
| June 2019 | 0.8% | £1,209pcm |
| June 2018 | 1.1% | £1,200pcm |
| June 2017 | 2.5% | £1,187pcm |
| June 2016 | 3% | £1,158pcm |
| June 2015 | 3.6% | £1,125pcm |
| June 2014 | 1.9% | £1,086pcm |
| June 2013 | 0.5% | £1,066pcm |
| June 2012 | 1.4% | £1,060pcm |
| June 2011 | 0.7% | £1,046pcm |
| June 2010 | 9% | £1,038pcm |
| June 2009 | -3% | £953pcm |
| June 2008 | 1.1% | £983pcm |
| June 2007 | 0% | £972pcm |
Sales History
The last sale was on 12th January 2021 for £725,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
PE23 5PY has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodes
PE23 5PY is the 127th largest and the 709th most expensive postcode out of the 750 postcodes in the PE23 area.
- PE23 5PP, Monksthorpe, Spilsby, PE23PE23 5PP14 Addresses|478 m away
- PE23 5PU, School Lane, Great Steeping, Spilsby, PE23PE23 5PU4 Addresses|598 m away
- PE23 5QA, Great Steeping, Spilsby, PE23PE23 5QA9 Addresses|599 m away
- PE23 5PT, Great Steeping, Spilsby, PE23PE23 5PT37 Addresses|749 m away
- PE23 5QB, Bakers Lane, Great Steeping, Spilsby, PE23PE23 5QB4 Addresses|753 m away
Property Types
- 1 modern house built after 1980
- 1 other address of unknown type
- modern house (1)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 1 property.
- The most common rating is B.
- A (0)
- E (0)
- B (1)
- F (0)
- C (0)
- G (0)
- D (0)
- 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 School600 m away
- Halton Holegate CofE Primary School3.1 km away
- Spilsby Primary School4.8 km away
- King Edward VI Academy5.0 km away
- Queen Elizabeth's Grammar Alford - A Selective Academy11.1 km away
- John Spendluffe Foundation Technology College11.1 km away
More reading links
Public Transport Nearby
The closest station to PE23 5PY is Thorpe Culvert station, which is 4.8 kilometres away.
- Thorpe Culvert|4.8 km away
- Wainfleet|7.7 km away
- Havenhouse|9.0 km away
- Skegness|11.6 km away
