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Registered Address: 2 Leman St, London E1 8FA
PE23 5SXHouse Prices / East Midlands, East Lindsey, Mill Lane
Last updated May 2026
Key Postcode Insights
PE23 5SX is a residential postcode situated on Mill Lane, Welton-Le-Marsh, Spilsby, PE23 with 4 addresses.
It ranks as the 131st largest and 53rd most expensive of the 380 postcodes in the PE23 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 4 properties: 2 houses and 2 flats.
4
Properties
- Houses
- Flats
Key Postcode Insights
PE23 5SX is a residential postcode situated on Mill Lane, Welton-Le-Marsh, Spilsby, PE23 with 4 addresses.
It ranks as the 131st largest and 53rd most expensive of the 380 postcodes in the PE23 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 4 properties: 2 houses and 2 flats.
4
Properties
- Houses
- Flats
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House Pricesin PE23 5SX
Sale prices range from £76,622 for 2 bedroom Leasehold flats with a garden (882 ft2) to £454,527 for 5 bedroom freehold houses with a garden (4,596 ft2) .
Monthly rental prices range from £445 pcm for 2 bed flats to £1,885 pcm for 5 bed houses.
The gross rental yield is between 5.0% and 7.0%.
The average value per square foot is £93.
Average Sale Value
£211,550
Average Rental Value
£948 pcm
Average Rental Yield
5.4% /year
Average Value Per Sqft
£93 /ft2
Sales Market Trendsin PE23 5SX
The last sale in PE23 5SX sold for £3,100,000 on 5th April 2022. Since then prices are down an average of 0.0%.
The current average value in the postcode is £211,550.
The PE23 5SX Sales Market has increased by 44.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.7% | £211,550 |
| April 2025 | -1% | £222,015 |
| April 2024 | -2.1% | £224,274 |
| April 2023 | 4.3% | £229,137 |
| April 2022 | 15.2% | £219,586 |
| April 2021 | 9.4% | £190,533 |
| April 2020 | 0.6% | £174,148 |
| April 2019 | 6.6% | £173,058 |
| April 2018 | 1.1% | £162,349 |
| April 2017 | 9.8% | £160,575 |
| April 2016 | 1.4% | £146,206 |
| April 2015 | 3.4% | £144,253 |
| April 2014 | 6.7% | £139,511 |
| April 2013 | -0.3% | £130,736 |
| April 2012 | -1.2% | £131,079 |
| April 2011 | -3.1% | £132,725 |
| April 2010 | 0.5% | £136,999 |
| April 2009 | -7% | £136,319 |
| April 2008 | 0.4% | £146,578 |
| April 2007 | 0% | £146,034 |
Rental Market Trendsin PE23 5SX
The current average rental value in the postcode is £948.
The PE23 5SX Rental Market has increased by 47.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.1% | £948pcm |
| April 2025 | 5.2% | £929pcm |
| April 2024 | 4.6% | £883pcm |
| April 2023 | 8.2% | £844pcm |
| April 2022 | 7.8% | £780pcm |
| April 2021 | 4.8% | £723pcm |
| April 2020 | 1.1% | £690pcm |
| April 2019 | 0.1% | £683pcm |
| April 2018 | 2.2% | £682pcm |
| April 2017 | 3.8% | £667pcm |
| April 2016 | 5.2% | £643pcm |
| April 2015 | 3.6% | £611pcm |
| April 2014 | 2.7% | £590pcm |
| April 2013 | 3.4% | £574pcm |
| April 2012 | 1.1% | £555pcm |
| April 2011 | 3.1% | £549pcm |
| April 2010 | 3.5% | £532pcm |
| April 2009 | -5.7% | £515pcm |
| April 2008 | 4.9% | £545pcm |
| April 2007 | 0% | £520pcm |
Explore Propertiesin PE23 5SX, Mill Lane, Welton-Le-Marsh, Spilsby, PE23
Sales Historyin PE23 5SX
The last sale was on 5th April 2022 for £3,100,000 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
PE23 5SX has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodesto PE23 5SX
PE23 5SX is the 131st largest and the 53rd most expensive postcode out of the 380 postcodes in the PE23 area.
- 476 mPE23 5SY, Mill Lane, Welton-Le-Marsh, Spilsby, PE23PE23 5SY11 Addresses
- 565 mPE23 5SZ, Beck Lane, Welton-Le-Marsh, Spilsby, PE23PE23 5SZ17 Addresses
- 680 mPE23 5SJ, Welton-Le-Marsh, Spilsby, PE23PE23 5SJ1 Addresses
- 745 mPE23 5TJ, Welton-Le-Marsh, Spilsby, PE23PE23 5TJ2 Addresses
- 812 mPE23 5TA, Welton-Le-Marsh, Spilsby, PE23PE23 5TA43 Addresses
- 855 mPE23 5SF, Chalkpit Lane, Candlesby, Spilsby, PE23PE23 5SF3 Addresses
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Property Typesin PE23 5SX
- 2 period houses built between 1800 and 1911
- 1 period flat built between 1800 and 1911
- 1 other address of unknown type
- period house (2)
- period flat (1)
- Unknown (1)
Energy Efficiencyof properties in PE23 5SX
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The dominant rating is E.
- A (0)
- E (2)
- B (0)
- F (1)
- C (0)
- G (0)
- D (0)
- No EPC (1)
Top 3 Most Expensive Saleson Mill Lane
Schools Nearbyto PE23 5SX
The nearest primary school to PE23 5SX is St Helena's Church of England Primary Academy, Willoughby which is 3.3 kilometres away.
- 3.3kmSt Helena's Church of England Primary Academy, Willoughby
- 5.1kmGreat Steeping Primary School
- 5.2kmThe St Peter and St Paul C of E Primary School
The nearest secondary school is King Edward VI Academy which is 6.9 kilometres away.
- 6.9kmKing Edward VI Academy
- 6.9kmJohn Spendluffe Foundation Technology College
- 7.0kmQueen Elizabeth's Grammar Alford - A Selective Academy
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Public Transport Nearbyto PE23 5SX
The closest station to PE23 5SX is Thorpe Culvert station which is 8.2 kilometres away.
- 8.2kmThorpe Culvert
- 10.6kmWainfleet
- 10.6kmHavenhouse
- 11.2kmSkegness
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