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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 5TGHouse Prices / East Midlands, East Lindsey, Welton-Le-Marsh, Spilsby
Last updated May 2026
Key Postcode Insights
PE23 5TG is a residential postcode situated on Welton-Le-Marsh, Spilsby, PE23 with 4 addresses.
It ranks as the 132nd largest and 216th 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 5TG is a residential postcode situated on Welton-Le-Marsh, Spilsby, PE23 with 4 addresses.
It ranks as the 132nd largest and 216th 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 5TG
Sale prices range from £60,289 for 4 bedroom Leasehold flats (376 ft2) to £522,526 for 5 bedroom freehold houses with a garden (2,701 ft2) .
Monthly rental prices range from £424 pcm for 4 bed flats to £2,043 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 8.4%.
The average value per square foot is £164.
Average Sale Value
£280,130
Average Rental Value
£1,200 pcm
Average Rental Yield
5.1% /year
Average Value Per Sqft
£164 /ft2
Sales Market Trendsin PE23 5TG
The last sale in PE23 5TG sold for £300,000 on 27th January 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £280,130.
The PE23 5TG Sales Market has increased by 45.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.5% | £280,130 |
| April 2025 | -1% | £296,390 |
| April 2024 | -2.1% | £299,345 |
| April 2023 | 4.4% | £305,653 |
| April 2022 | 15.3% | £292,856 |
| April 2021 | 9.6% | £254,104 |
| April 2020 | 0.5% | £231,802 |
| April 2019 | 7% | £230,579 |
| April 2018 | 1.5% | £215,575 |
| April 2017 | 10.1% | £212,480 |
| April 2016 | 1.5% | £192,989 |
| April 2015 | 3.8% | £190,183 |
| April 2014 | 6.4% | £183,160 |
| April 2013 | -0.2% | £172,135 |
| April 2012 | -1.2% | £172,468 |
| April 2011 | -2.4% | £174,586 |
| April 2010 | 1.1% | £178,962 |
| April 2009 | -6.6% | £177,092 |
| April 2008 | 0.6% | £189,604 |
| April 2007 | 0% | £188,488 |
Rental Market Trendsin PE23 5TG
The current average rental value in the postcode is £1,200.
The PE23 5TG Rental Market has increased by 48.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.2% | £1,200pcm |
| April 2025 | 5.2% | £1,186pcm |
| April 2024 | 4.7% | £1,127pcm |
| April 2023 | 8.3% | £1,077pcm |
| April 2022 | 7.8% | £994pcm |
| April 2021 | 5% | £922pcm |
| April 2020 | 1% | £878pcm |
| April 2019 | 0.5% | £869pcm |
| April 2018 | 2.5% | £865pcm |
| April 2017 | 4.1% | £844pcm |
| April 2016 | 5.3% | £811pcm |
| April 2015 | 4% | £770pcm |
| April 2014 | 2.4% | £740pcm |
| April 2013 | 3.5% | £723pcm |
| April 2012 | 1.1% | £698pcm |
| April 2011 | 3.9% | £691pcm |
| April 2010 | 4% | £665pcm |
| April 2009 | -5.3% | £639pcm |
| April 2008 | 5.1% | £675pcm |
| April 2007 | 0% | £642pcm |
Properties and Buildingsin PE23 5TG, Welton-Le-Marsh, Spilsby, PE23
- Barn Farm, Spilsby, PE23 5TG
- Boothby Farm House, Spilsby, PE23 5TG5 bed period house
- Boothby Hall, Welton-Le-Marsh, Spilsby, PE23Building 2 units
Sales Historyin PE23 5TG
The last sale was on 27th January 2023 for £300,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
PE23 5TG has seen 1 sale in the last three years and no sales in the last twelve months.
Nearby Postcodesto PE23 5TG
PE23 5TG is the 132nd largest and the 216th most expensive postcode out of the 380 postcodes in the PE23 area.
- 513 mPE23 5TD, Welton-Le-Marsh, Spilsby, PE23PE23 5TD2 Addresses
- 527 mPE23 5TE, Welton-Le-Marsh, Spilsby, PE23PE23 5TE2 Addresses
- 1.1 kmPE23 5TQ, Hanby Lane, Welton-Le-Marsh, Spilsby, PE23PE23 5TQ12 Addresses
- 1.1 kmPE23 5TA, Welton-Le-Marsh, Spilsby, PE23PE23 5TA43 Addresses
- 1.4 kmPE23 5TH, Hanby Lane, Welton-Le-Marsh, Spilsby, PE23PE23 5TH11 Addresses
- 1.5 kmPE23 5SZ, Beck Lane, Welton-Le-Marsh, Spilsby, PE23PE23 5SZ17 Addresses
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Property Typesin PE23 5TG
- 1 period house built between 1800 and 1911
- 3 other addresses of unknown type
- period house (1)
- Unknown (3)
Energy Efficiencyof properties in PE23 5TG
- Energy Performance Certificate (EPC) surveys conducted for 1 property.
- The dominant rating is E.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (3)
Top 3 Most Expensive Saleson Welton-Le-Marsh, Spilsby
Schools Nearbyto PE23 5TG
The nearest primary school to PE23 5TG is St Helena's Church of England Primary Academy, Willoughby which is 3.4 kilometres away.
- 3.4kmSt Helena's Church of England Primary Academy, Willoughby
- 4.2kmThe St Peter and St Paul C of E Primary School
- 6.2kmGreat Steeping Primary School
The nearest secondary school is John Spendluffe Foundation Technology College which is 7.3 kilometres away.
- 7.3kmJohn Spendluffe Foundation Technology College
- 7.6kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 8.6kmKing Edward VI Academy
More reading links
Public Transport Nearbyto PE23 5TG
The closest station to PE23 5TG is Thorpe Culvert station which is 8.2 kilometres away.
- 8.2kmThorpe Culvert
- 9.7kmSkegness
- 9.8kmHavenhouse
- 10.2kmWainfleet
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