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According to the public record, 4A, Franklin Square, Spilsby is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 4A, Franklin Square, Spilsby is £83,848 and the estimated rental value is £452 per month.
The apartment is within 4, Franklin Square, Spilsby, PE23.
Franklin Square, Spilsby, PE23 is located in the borough of East Lindsey within the PE23 postal district.
4A, Franklin Square, Spilsby has a single entry in the Land Registry from August 2021 and a single entry in the EPC database dated October 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 4A, Franklin Square, Spilsby is in very good condition we estimate a sale value of £88,040 and a rental value of £474 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,978 and a rental value of £420 per month.
Over the last 12 months the sale value of 4A Franklin Square Spilsby has decreased by an estimated £1,977 (2.4%) and its rental value has increased by an estimated £21 per month (4.8%), giving an expected gross yield of 6.5%.
4A, Franklin Square, Spilsby has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 4A, Franklin Square, Spilsby was last sold on 20th August 2021 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2021, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4A, Franklin Square, Spilsby within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 10, Old School Mews, Spilsby, PE23 5QU, a leasehold flat which sold for £156,000 on the 17th January 2025.
Read more about house prices in PE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Franklin Square, Spilsby, PE23 has a total of 12 addresses. According to our analysis of all the public data, 4A, Franklin Square, Spilsby is the 7th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in PE23.
The closest station to 4A, Franklin Square, Spilsby is Thorpe Culvert station which is 8.9 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 4A, Franklin Square, Spilsby, 43.0% of property is privately owned outright and 26.1% is privately 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 4A, Franklin Square, Spilsby, 20.3% of residents are recorded as possessing school level qualifications and 21.3% 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 4A, Franklin Square, 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 4A, Franklin Square, 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 4A, Franklin Square, 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.
