Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, 18, Magellan Drive, Spilsby is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,006 ft2 of internal area and sits on a 219 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Magellan Drive, Spilsby is £200,208 and the estimated rental value is £969 per month.
Magellan Drive, Spilsby, PE23 is located in the borough of East Lindsey within the PE23 postal district.
18, Magellan Drive, Spilsby has 31 entries in the Land Registry , most recently in October 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 18, Magellan Drive, Spilsby is in very good condition we estimate a sale value of £210,218 and a rental value of £1,018 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £186,193 and a rental value of £902 per month.
Over the last 12 months the sale value of 18 Magellan Drive Spilsby has decreased by an estimated £7,988 (4.0%) and its rental value has increased by an estimated £29 per month (3.0%), giving an expected gross yield of 5.8%.
According to data from HM Land Registry, 18, Magellan Drive, Spilsby sits on a plot of 219m2.
We have plot size data on 39 out of 42 other houses in the postcode and 18, Magellan Drive, Spilsby sits on the 28th largest plot.
According to HM Land Registry, 18, Magellan Drive, Spilsby was last sold on 31st October 2016 for £122,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since October 2016, the market for similar properties has risen 79.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Magellan Drive, Spilsby within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 16, Lady Jane Franklin Drive, Spilsby, PE23 5GB, a freehold house which sold for £195,000 on the 18th November 2025.
Read more about house prices in PE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magellan Drive, Spilsby, PE23 has a total of 42 addresses. According to our analysis of all the public data, 18, Magellan Drive, Spilsby is the 4th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in PE23.
The closest station to 18, Magellan Drive, Spilsby 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 18, Magellan Drive, Spilsby, 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 18, Magellan Drive, Spilsby, 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 18, Magellan Drive, Spilsby, 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 18, Magellan Drive, Spilsby, 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 18, Magellan Drive, Spilsby, 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.
