Our Data Sources
Rea House, Spilsby has 21 entries in the Land Registry , most recently in October 2017 and a single entry in the EPC database dated October 2016.
We combine this information with that 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
In very good condition, we estimate Rea House, Spilsby would be worth £507,867, with a potential rental value of £1,704 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £449,825, with a rental value of £1,509 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Plot Size
Rea House, Spilsby occupies a 1,583 m2 plot as recorded by HM Land Registry.
Of the 43 other houses in this postcode, 21 have recorded plot sizes, and this one ranks as the 5th largest.
Energy Efficiency
Rea House, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Oct 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
Rea House, Spilsby last changed hands on 4th October 2017, selling for £300,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 32.5% since October 2017.
- Sold Oct 2017£300,000
- Sold Aug 2006£260,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 24 sales of comparable properties within 5.0 kilometres of Rea House, Spilsby across the last 2 years.
Most recently, Elm Tree House, Marsh Road, Skegness, PE24 5HZ, a leasehold house, sold at £80,000 on the 4th February 2025.
Read more about house prices in PE23.
- Sold Feb 2025£80,000 | 5 Bed HouseElm Tree House, Marsh Road, Skegness, PE24 5HZElm Tree House, Marsh Road, Skegness, PE24 5HZ
- Sold Nov 2024£475,000 | 5 Bed HouseBoothby Lodge, Spilsby, PE23 5SWBoothby Lodge, Spilsby, PE23 5SW
- Sold Nov 2021£462,500 | 5 Bed House107, Station Road, Skegness, PE24 5EW107, Station Road, Skegness, PE24 5EW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Rea House, Spilsby as the 4th largest and the 5th most expensive of the 54 addresses on Welton-Le-Marsh, Spilsby, PE23.
Against the PE23 postcode district average, it is £245k more expensive than the typical property.
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Schools Nearby
- St Helena's Church of England Primary Academy, Willoughby3.3 km away
- The St Peter and St Paul C of E Primary School4.6 km away
- Great Steeping Primary School5.5 km away
- John Spendluffe Foundation Technology College7.1 km away
- Queen Elizabeth's Grammar Alford - A Selective Academy7.3 km away
- King Edward VI Academy7.7 km away
More reading links
Public Transport Nearby
- Thorpe Culvert|8.1 km away
- Havenhouse|10.1 km away
- Wainfleet|10.2 km away
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast Broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a Very Low risk of flooding.
