PE23 covers Spilsby and surrounding areas in Lincolnshire, a rural postcode district with modest market dynamics. Over the past five years, property prices have grown at a 3.2% compound annual rate, while rental yields have expanded faster at 4.7% annually, suggesting landlord investment interest outpacing price appreciation. Population growth has been negligible at 0.4% over the same period, reflecting limited demographic expansion typical of rural East Midlands locations. The district's trajectory score of 38.3 places it at the 3rd percentile nationally, indicating below-average momentum compared to UK property markets. Currently classified as latent on the gentrification spectrum, PE23 remains a peripheral market where traditional agricultural and small-town economies dominate property demand patterns.
Domain breakdown
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See plans from £20/moKey signals
- 1Property prices up 2.5% over 5 years (5yr CAGR)
- 2Rents growing at 4.7% per year
- 3Population growing at 0.4% per year
Nearby districts
What's changing in Spilsby · June 2026
The trajectory score moved up 0.8 points this month to 39/100, driven mainly by safety.
26 planning applications submitted in PE23 over the last six months, including 2 new build residential schemes, 2 change of use.
- Planning Permission - Extensions and alterations to existing dwelling and conversion of existing outbuildings to form a residential annexe ancillary to Sunshine House.Feb 2026 · Awaiting decision
- Planning Permission - Change of use, conversion of and alterations to existing vehicle repair workshop to form a dwelling and alterations to existing vehicular access.Jan 2026 · Unknown
- Planning Permission - Change of use of existing public house to form a holiday let.Feb 2026 · Awaiting decision
Spilsby (PE23) common questions
Is Spilsby up and coming?
Spilsby (PE23) has a trajectory score of 39/100 (Average), placing it in the top 96% of postcode districts in England and Wales. The score is up 0.9 points over the last 12 months. The score combines price momentum, demand, transformation, economy, safety and risk signals from public data, updated monthly.
Is Spilsby safe?
Spilsby has a safety score of 63/100 on Praesago's index, based on police.uk recorded crime data.
What is the average house price in Spilsby?
The average property price in Spilsby (PE23) is £180k as of January 2026, based on UK House Price Index data. Prices have grown at 2.5% per year over the last five years.
What is the average rent in Spilsby?
The median monthly rent in Spilsby (PE23) is £663 (2026), based on ONS private rental data.
Which areas are near Spilsby?
Neighbouring postcode districts include Hornchurch (RM12), Skegness (PE24), Alford (LN13), Boston (PE22), Horncastle (LN9). Each has its own monthly data page on Praesago.
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Related reading
Disclaimer: Praesago provides data analytics and market intelligence. Nothing on this platform constitutes financial advice, investment advice, or a personal recommendation. Property values can fall as well as rise. Past performance does not predict future results. Seek independent financial and legal advice before making property investment decisions.