1B, The Terrace
1B, The Terrace
Description & Estimates
1B, The Terrace, Spilsby is described in the public record as a period apartment with 977 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 1B, The Terrace, Spilsby is £105,334 and its rental estimate is £538 per month, given the available information and assuming reasonable condition.
1, The Terrace is a residential building on The Terrace, Spilsby, PE23 and falls within the PE23 postal district and the borough of East Lindsey.
Our Data Sources
1B, The Terrace, Spilsby has no records in the the Land Registry and a single entry in the EPC database dated February 2009.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 1B, The Terrace, Spilsby, we estimate a market value of £110,601 and a rental value of £565 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £97,961 and £500 per month respectively.
Recent Market Change
Over the last year, 1B, The Terrace, Spilsby has seen its estimated sale value fall by £1,055 (1.0%) and its estimated rental value move up by £29 per month (5.4%). This results in an estimated gross rental yield of 6.1%.
Energy Efficiency
1B, The Terrace, Spilsby has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 18 Feb 2009.
The property is connected to mains gas and has single glazed windows. It is heated using Room heaters, mains gas.
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 2.1 kilometres of 1B, The Terrace, Spilsby, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd August 2025, was 3, The Terrace, Spilsby, PE23 5JR, a freehold house which sold for £550,000.
Read more about house prices in PE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 16 addresses on The Terrace, Spilsby, PE23, 1B, The Terrace, Spilsby comes out as the 9th largest and the 6th most expensive in our analysis of the public data.
It is also £138k less expensive than the average property across the PE23 district.
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Schools Nearby
- 300mSpilsby Primary School
- 1.9kmHalton Holegate CofE Primary School
- 2.5kmPartney Church of England Aided Primary School
- 400mKing Edward VI Academy
- 10.7kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 11.1kmWilliam Lovell Church of England Academy
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Public Transport Nearby
From 1B, The Terrace, Spilsby, the nearest station is Thorpe Culvert, 8.9 kilometres away.
- 8.9kmThorpe Culvert
- 12.0kmWainfleet
- 13.5kmHavenhouse
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
