Key indicators for buyers
The PE22 market is moderately favourable for buyers. Prices have softened (-41.7%), which could present a buying opportunity. Affordability has improved from a peak of 8.2x in 2007 to 7.0x today. Rising rents (£669/mo, +2.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider East Lindsey area
A home in East Lindsey costs 7.0x the local median salary — moderate, improving from a peak of 8.2x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider East Lindsey area
Average monthly rent in East Lindsey is £669, up 2.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average East Lindsey price of £180,833 with a 25% deposit (£45k), a 2-year fixed mortgage at 3.97% costs around £714 per month.
Monthly cost comparison based on current data
Uses PE22 avg. price with East Lindsey rental data
Monthly mortgage payments (£714) are £45 more than renting (£669). However, buying requires an upfront deposit of £45k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
THE COTTAGE, CALEB HILL ROAD, OLD LEAKE PE22 9QB | Semi-detached | £80,000 | 9 Jan 2026 |
CORNER HOUSE, SCHOOL LANE, OLD LEAKE PE22 9NJ | Detached | £277,500 | 9 Jan 2026 |
20, CHURCH WALK, SIBSEY PE22 0YB | Semi-detached | £185,000 | 7 Jan 2026 |
53, AMOS WAY, SIBSEY PE22 0SU | Detached | £258,000 | 19 Dec 2025 |
THE PALLANTS, MAIN ROAD, WRANGLE PE22 9AG | Detached | £247,500 | 19 Dec 2025 |
FANTHORPE HOUSE, CHURCH ROAD, STICKFORD PE22 8EP | Detached | £325,000 | 18 Dec 2025 |
6, CHURCH RISE, MAREHAM LE FEN PE22 7RR |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PE22 sold for £180,833 in 2026, with a median of £185,000 across 3 transactions. Prices fell 41.7% compared to the previous year.
| Detached |
| £126,000 |
| 18 Dec 2025 |
ELVINA, ANTONS GOWT PE22 7BG | Detached | £150,000 | 18 Dec 2025 |
SOUTHERN COTTAGE, OUTGATE ROAD, LEVERTON PE22 0BJ | Other | £77,500 | 17 Dec 2025 |
SOUTHERN COTTAGE, OUTGATE ROAD, LEVERTON PE22 0BJ | Detached | £77,500 | 17 Dec 2025 |
21, TYLER CRESCENT, BUTTERWICK PE22 0JT | Other | £253,000 | 17 Dec 2025 |
WISTERIA, CHURCH ROAD, FRISKNEY PE22 8RD | Detached | £230,000 | 15 Dec 2025 |
THE NOOK, PODE LANE, OLD LEAKE PE22 9NF | Detached | £148,000 | 12 Dec 2025 |
41, UPSALL ROAD, BUTTERWICK PE22 0HH | Semi-detached | £175,000 | 12 Dec 2025 |
MARINERS, SEADYKE ROAD, OLD LEAKE PE22 9HX | Detached | £227,750 | 12 Dec 2025 |
SHEPHERDS COTTAGE, CATCHWATER BANK, REVESBY PE22 7NF | Semi-detached | £195,000 | 12 Dec 2025 |
1, PANTILES, FIELD LANE, FRISKNEY PE22 8RN | Detached | £307,000 | 11 Dec 2025 |
42, ST MARYS WAY, OLD LEAKE PE22 9ND | Semi-detached | £127,475 | 11 Dec 2025 |
PLUM COTTAGE, DAVIDS LANE, BENINGTON PE22 0DA | Detached | £155,000 | 10 Dec 2025 |
1, CANISTER LANE, FRITHVILLE PE22 7HQ | Semi-detached | £229,950 | 10 Dec 2025 |
The most recent recorded sale in PE22 was a semi-detached property on Caleb Hill Road for £80,000 in January 2026. Across the last 20 sales, the median price was £195,000.