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Magellan Drive is a residential street with 42 addresses.
It ranks as the 198th largest and 47th most expensive of the 227 streets in the PE23 area. The dominant property type is a modern house built after 1980.
The street contains a total of 42 properties: 42 houses.
Magellan Drive is a residential street with 42 addresses.
It ranks as the 198th largest and 47th most expensive of the 227 streets in the PE23 area. The dominant property type is a modern house built after 1980.
The street contains a total of 42 properties: 42 houses.
Sale prices range from £158,923 for 2 bedroom freehold houses with a garden (678 ft2) to £233,586 for 3 bedroom freehold houses with a garden (775 ft2) .
Monthly rental prices range from £787 pcm for 2 bed houses to £1,009 pcm for 3 bed houses.
The gross rental yield is between 4.9% and 6.0%.
The average value per square foot is £230.
The last sale on Magellan Drive sold for £177,500 on 26th November 2025. Since then prices have on average remained the same.
The current average value in the street is £183,583.
The Magellan Drive Sales Market has increased by 44.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.5% | £183,583 |
| May 2025 | -2% | £186,378 |
| May 2024 | -2.3% | £190,220 |
| May 2023 | 3.8% | £194,663 |
| May 2022 | 13.4% | £187,459 |
| May 2021 | 10.5% | £165,297 |
| May 2020 | -1.5% | £149,617 |
| May 2019 | 7.3% | £151,855 |
| May 2018 | -0.2% | £141,584 |
| May 2017 | 11.5% | £141,817 |
| May 2016 | -2.4% | £127,221 |
| May 2015 | 2.7% | £130,339 |
| May 2014 | 8.8% | £126,957 |
| May 2013 | 0.7% | £116,703 |
| May 2012 | -2.5% | £115,942 |
| May 2011 | -3.2% | £118,949 |
| May 2010 | -1.6% | £122,820 |
| May 2009 | -9.6% | £124,771 |
| May 2008 | 1.4% | £138,059 |
| May 2007 | 0% | £136,089 |
The current average rental value in the street is £878.
The Magellan Drive Rental Market has increased by 54.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5% | £878pcm |
| May 2025 | 5.4% | £836pcm |
| May 2024 | 6% | £793pcm |
| May 2023 | 8.6% | £748pcm |
| May 2022 | 7% | £689pcm |
| May 2021 | 6% | £644pcm |
| May 2020 | 2.4% | £608pcm |
| May 2019 | 1.1% | £593pcm |
| May 2018 | 1.2% | £587pcm |
| May 2017 | 2% | £580pcm |
| May 2016 | 2.5% | £569pcm |
| May 2015 | 4% | £555pcm |
| May 2014 | 4.7% | £533pcm |
| May 2013 | 1.4% | £510pcm |
| May 2012 | 1.9% | £502pcm |
| May 2011 | 1.8% | £493pcm |
| May 2010 | -1.4% | £484pcm |
| May 2009 | -4.6% | £491pcm |
| May 2008 | 3.2% | £515pcm |
| May 2007 | 0% | £499pcm |
The last sale was on 26th November 2025 for £177,500 and since then the market in the area has remained stable. The street has had a total of 96 sales since 1995.
Magellan Drive, Spilsby, PE23 has seen 7 sales in the last three years and 2 sales in the last twelve months.
Magellan Drive, Spilsby, PE23 is the 198th largest and the 47th most expensive street in the PE23 area.
There is 1 postcode on Magellan Drive, Spilsby, PE23.
The closest station to Magellan Drive, Spilsby, PE23 is Thorpe Culvert station which is 8.5 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Magellan Drive, Spilsby, PE23, 31.3% of property is privately owned outright and 26.2% is socially rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Magellan Drive, Spilsby, PE23, 20.6% of residents are recorded as possessing school level qualifications and 17.4% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Magellan Drive, Spilsby, PE23, the average age was 47.5 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Magellan Drive, Spilsby, PE23, 0.9% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Magellan Drive, Spilsby, PE23, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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