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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
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According to the public record, 2, Nelson Way, Spilsby is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 822 ft2 of internal area and sits on a 171 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 2, Nelson Way, Spilsby is £125,825 and the estimated rental value is £657 per month.
Nelson Way, Spilsby, PE23 is located in the borough of East Lindsey within the PE23 postal district.
2, Nelson Way, Spilsby has a single entry in the Land Registry from December 2009 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 1 out of 5 and is considered of low 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 2, Nelson Way, Spilsby is in very good condition we estimate a sale value of £132,116 and a rental value of £690 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,017 and a rental value of £611 per month.
Over the last 12 months the sale value of 2 Nelson Way Spilsby has decreased by an estimated £5,020 (4.0%) and its rental value has increased by an estimated £20 per month (3.0%), giving an expected gross yield of 6.3%.
According to data from HM Land Registry, 2, Nelson Way, Spilsby sits on a plot of 171m2.
We have plot size data on 2 out of 4 other houses in the postcode and 2, Nelson Way, Spilsby sits on the largest plot.
According to HM Land Registry, 2, Nelson Way, Spilsby was last sold on 18th December 2009 for £106,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2009, the market for similar properties has risen 122.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Nelson Way, Spilsby within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 30, Reynard Street, Spilsby, PE23 5JB, a freehold house which sold for £102,000 on the 20th October 2023.
Read more about house prices in PE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nelson Way, Spilsby, PE23 has a total of 8 addresses. According to our analysis of all the public data, 2, Nelson Way, Spilsby is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £118k less expensive than the average property in PE23.
The closest station to 2, Nelson Way, Spilsby is Thorpe Culvert station which is 9.0 kilometres away.
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 2, Nelson Way, Spilsby, 65.5% of property is socially rented and 16.6% is privately owned outright.
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 2, Nelson Way, Spilsby, 19.6% of residents are recorded as possessing school level qualifications and 9.8% 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 2, Nelson Way, 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 2, Nelson Way, Spilsby, 0.0% 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 2, Nelson Way, Spilsby, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
