# PE23 5GB Area Summary
PE23 5GB covers part of Spilsby, a historic market town in the Lincolnshire Wolds, an Area of Outstanding Natural Beauty. This postcode district represents a relatively affordable property market, with 66 properties averaging **£131,368** – significantly below the national average, making it an attractive option for first-time buyers and those seeking value in a rural setting.
The area's property prices reflect the characteristics of a small Lincolnshire market town, where buyers can expect a mix of traditional terraced houses, semi-detached family homes, and period cottages. Spilsby benefits from its proximity to the Lincolnshire coast (approximately 6 miles from Skegness) whilst maintaining a quieter, more rural character than coastal towns. The town serves the surrounding villages and farming communities, offering local amenities, schools, and good transport links to Boston and Horncastle.
Property values in PE23 5GB remain accessible compared to much of England, appealing particularly to those prioritising space, countryside access, and lower cost of living. The market here tends to move more steadily than urban areas, with the Wolds location and historic character providing enduring appeal for families and retirees seeking a traditional market town lifestyle.
The average house price in PE23 5GB, Spilsby is £131,368. Prices range from £105,000 to £260,000.
There are 66 properties in PE23 5GB, Spilsby.
PE23 5GB contains 32 semi-detached properties, 21 terraced properties, 13 detached properties.
Average house prices in PE23 5GB have risen by 26.2% from £146,950 in 2003 to £185,500 in 2024.
PE23 5GB is located in Spilsby, Lincolnshire, England.