4, Main Road
4, Main Road
Description & Estimates
4, Main Road, Spilsby is recorded publicly as a mid-century freehold house across 1,302 ft2 of internal area, sitting on a 1,099 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 4, Main Road, Spilsby is £276,500 and its rental estimate is £1,070 per month, given the available information and assuming reasonable condition.
Main Road, West Keal, Spilsby, PE23 falls within the PE23 postal district, in the borough of East Lindsey.
Our Data Sources
4, Main Road, Spilsby has 2 entries in the Land Registry , most recently in September 2024 and a single entry in the EPC database dated March 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 4, Main Road, Spilsby, we estimate a market value of £290,325 and a rental value of £1,123 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £257,145 and £995 per month respectively.
Recent Market Change
Over the last year, 4, Main Road, Spilsby has seen its estimated sale value decline by £8,557 (3.1%) and its estimated rental value climb by £36 per month (3.4%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 4, Main Road, Spilsby as measuring 1,099 m2.
That makes it the 22nd largest plot in the postcode, where 42 of the 51 other houses have recorded plot data.
Energy Efficiency
4, Main Road, Spilsby has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Mar 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 4, Main Road, Spilsby completed on 12th September 2024 at £375,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 4.7% over the period since September 2024.
- Sold Sep 2024£375,000
- Sold Oct 2020£200,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 4, Main Road, Spilsby have sold within a radius of 4.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th June 2021, was Wolds Haven, Hall Lane, Spilsby, PE23 4BJ, a freehold house which sold for £272,500.
Read more about house prices in PE23.
- Sold Jun 2021£272,500 | 3 Bed HouseWolds Haven, Hall Lane, Spilsby, PE23 4BJWolds Haven, Hall Lane, Spilsby, PE23 4BJ
- Sold Jun 2014£155,000 | 3 Bed House5, Main Road, Spilsby, PE23 4BE5, Main Road, Spilsby, PE23 4BE
- Sold Aug 2007£200,000 | 3 Bed HouseNelkambe, Main Road, Spilsby, PE23 4BENelkambe, Main Road, Spilsby, PE23 4BE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 55 addresses on Main Road, West Keal, Spilsby, PE23, 4, Main Road, Spilsby comes out as the 20th largest and the 22nd most expensive in our analysis of the public data.
It is also £33k more expensive than the average property across the PE23 district.
More reading links
Schools Nearby
- 2.9kmToynton All Saints Primary School
- 4.8kmSpilsby Primary School
- 5.3kmHalton Holegate CofE Primary School
- 4.7kmKing Edward VI Academy
- 6.8kmWilliam Lovell Church of England Academy
- 11.6kmThe Banovallum School
More reading links
Public Transport Nearby
From 4, Main Road, Spilsby, the nearest station is Thorpe Culvert, 11.0 kilometres away.
- 11.0kmThorpe Culvert
- 13.9kmWainfleet
- 16.0kmHavenhouse
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
