Key indicators for buyers
The PE23 market is moderately favourable for buyers. Prices have softened (-43.2%), 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 £153,000 with a 25% deposit (£38k), a 2-year fixed mortgage at 3.97% costs around £604 per month.
Monthly cost comparison based on current data
Uses PE23 avg. price with East Lindsey rental data
Monthly mortgage payments (£604) are £65 less than renting (£669). However, buying requires an upfront deposit of £38k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
CHAPEL COTTAGE, OLD BOLINGBROKE PE23 4ES | Terraced | £175,000 | 14 Jan 2026 |
26, ASHBY MEADOWS PE23 5DN | Semi-detached | £154,000 | 8 Jan 2026 |
12, FITZJAMES CLOSE PE23 5NL | Semi-detached | £130,000 | 8 Jan 2026 |
EMERSONS, ASHBY BY PARTNEY PE23 5RG | Other | £80,000 | 22 Dec 2025 |
EMERSONS, ASHBY BY PARTNEY PE23 5RG | Other | £80,000 | 22 Dec 2025 |
LODGE, THE SUPERIOR FOREST, MASONIC LANE PE23 5LR | Other | £160,000 | 22 Dec 2025 |
EMERSONS, ASHBY BY PARTNEY PE23 5RG | Other |
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 PE23 sold for £153,000 in 2026, with a median of £154,000 across 3 transactions. Prices fell 43.2% compared to the previous year.
| £80,000 |
| 22 Dec 2025 |
21, FOXGLOVE CLOSE PE23 5NJ | Semi-detached | £142,000 | 19 Dec 2025 |
WILLOWS LODGE, TOYNTON ST PETER PE23 5BT | Detached | £220,000 | 18 Dec 2025 |
85, ANCASTER AVENUE PE23 5HS | Terraced | £139,350 | 12 Dec 2025 |
33, HUNDLEBY ROAD PE23 5LP | Terraced | £130,000 | 12 Dec 2025 |
ROSE COTTAGE, MAIN ROAD, SKENDLEBY PE23 4QE | Semi-detached | £245,000 | 12 Dec 2025 |
2, MANOR VIEW COTTAGE, MANOR ROAD, HAGWORTHINGHAM PE23 4LL | Semi-detached | £195,000 | 12 Dec 2025 |
40, MAIN ROAD, HUNDLEBY PE23 5LS | Semi-detached | £215,000 | 12 Dec 2025 |
FIELD VIEW, STATION ROAD, LITTLE STEEPING PE23 5BQ | Detached | £288,500 | 11 Dec 2025 |
CRA LE VE, MADDISON LANE, PARTNEY PE23 4PX | Detached | £270,000 | 11 Dec 2025 |
LABURNUM LODGE, MAIN ROAD, EAST KIRKBY PE23 4BY | Detached | £285,000 | 5 Dec 2025 |
33, TASMAN ROAD PE23 5LN | Detached | £235,000 | 28 Nov 2025 |
42, MAGELLAN DRIVE PE23 5FB | Semi-detached | £177,500 | 26 Nov 2025 |
THE ANCHORAGE, SKENDLEBY PE23 4QA | Detached | £275,000 | 24 Nov 2025 |
The most recent recorded sale in PE23 was a terraced property for £175,000 in January 2026. Across the last 20 sales, the median price was £177,500.