Area Guide For Spilsby

Spilsby is a business/market town and civil parish in the East Lindsey locale of Lincolnshire, England. The town is arranged adjoining the fundamental A16 Trunk Road, 33 miles east from the district town of Lincoln, 17 miles north-east from Boston and 13 miles north-west from Skegness. It lies at the southern edge of the Lincolnshire Wolds and north of the Fenlands.

The town has been a country market town for more than 700 years. It has changed minimal in size since the start of the nineteenth century. The town focus incorporates a scope of little general stores, banks, conventional newsagents, cook, butchers, goldsmiths and attire stores, together with open houses, bistros and ethnic fast-food takeaways


Spilsby Map

Estimated Price: £190,834
Average Asking Price: £242,416
Price change in last one year: £8,952
Average Price Paid: £166,677
Average Rent Rates: £493


Property Prices Breakdown in Spilsby

Average Price for property in Spilsby is around £190,834 which varies based on type of property you are interested in and ranges from £229,771 for detached house to around £133,674 for semi-detached. Similarly terraced house is around £118,011 and a flat is worth £88,119. Values have been changing and have risen £2,081 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,846 in last 6 months, £8,952 in last 1 year, £28,521 in last 2 years, £23,156 in last 3 years, £10,435 in last 4 years and £28,571 in last 5 years.

Currently average asking price of a property in Spilsby is around £242,416 based on approximately 116 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £493 per month.

Estimated property value in Spilsby is £190,834. Average asking price is £242,416 while average price paid is £174,463 which is up by £8,952 and Avg. asking rent £493.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Spilsby area. In last 1 year alone average price buyer paid is around £174,463 based on approximately 116 sales in Spilsby area alone. If you compare it to last 3 years sales of 291 properties where buyers paid around £166,894. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £166,677 for 514 and average amount paid for purchase of approx. 681 properties sold in last 7 years comes to about £164,850 per sale.


Properties For Sale in Spilsby


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £136,862, £184,147 for a 3 bedroom house, £340,788 for a 4 bedroom house and £324,077 for a 5 bedroom house. To sum up the asking prices for properties in Spilsby it comes to around average £136,862 for 2 bedroom property, £184,147 for 3 bedroom, £340,788 for 4 bedroom and £324,077 for 5 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £375 for 2 bedroom to £576 for 3 bedroom and £750 for 5 bedroom. But if you are interested in renting a 4 bedroom flat then rent per month can be around £468. You should be generally be expecting around average £375 rent per month for 2 bedroom property, £576 for 3 bedroom, £468 for 4 bedroom and approximately £750 for 5 bedroom property in Spilsby area.

Popular Houses in Spilsby

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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