# PE23 5DN Area Summary
The PE23 5DN postcode covers part of Spilsby, a historic market town in the Lincolnshire Wolds, approximately 15 miles inland from Skegness. This area represents a segment of Lincolnshire's more affordable property market, with 59 properties averaging £141,472 – significantly below the current UK average. This makes it an attractive location for first-time buyers, retirees, and those seeking value in a rural market town setting with good access to the Lincolnshire countryside and nearby coastal resorts.
Property values in this postcode reflect Spilsby's position as a traditional market town serving the surrounding agricultural region. The area typically features a mix of period properties, post-war housing, and some modern developments, offering variety at accessible price points. The relatively low average price suggests a market dominated by terraced homes, smaller semi-detached properties, and potentially some conversion flats, appealing to buyers prioritising affordability over proximity to major urban centres. Spilsby's market town character, with independent shops and local amenities, combined with its location near the Lincolnshire Wolds Area of Outstanding Natural Beauty, provides practical rural living at entry-level prices.
The average house price in PE23 5DN, Spilsby is £141,472. Prices range from £79,750 to £239,500.
There are 59 properties in PE23 5DN, Spilsby.
PE23 5DN contains 33 detached properties, 17 semi-detached properties, 9 terraced properties.
Average house prices in PE23 5DN have risen by 33.6% from £112,234 in 2002 to £150,000 in 2024.
PE23 5DN is located in Spilsby, Lincolnshire, England.