27, MAGELLAN DRIVE, SPILSBY, LINCOLNSHIRE, PE23 5FB
Last sold for £178,000 in 2025. Get an instant property valuation based on current market data and comparable sales.
Please note: This is an estimate based on available data and market trends. This valuation is provided for informational purposes only and should not be considered as a professional valuation. BritishProperty.uk takes no responsibility for any inaccuracies, errors, or omissions in this estimate. Property values can vary significantly based on condition, improvements, market conditions, and other factors not reflected in this automated estimate. Mistakes can occur in data processing or calculations. For a professional valuation, you should consult a qualified surveyor or estate agent. This estimate is not intended to be used as the sole basis for any financial, legal, or property-related decisions.
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Property Characteristics
27 MAGELLAN DRIVE is a detached house in SPILSBY, LINCOLNSHIRE.
First sale date of 2001 suggests this property has been part of the PE23 5FB market for 25 years.
Transaction History
First recorded sale was in 2001 at £67,950, with 4 total transactions recorded over the property's history.
Latest sale occurred on 18 March 2025 for £178,000, representing a 34.8% increase from the previous sale in 2014.
Over 25 years of ownership history, this property has seen 4 ownership changes, averaging approximately 6.3 years between sales.
Since last selling in 2025, the property's estimated value has grown by approximately £27,973, representing a 10% annual growth rate over 1.5 years.
Location Context
Located in the Spilsby administrative ward of East Lindsey.
Sits within the Louth and Horncastle parliamentary constituency.
Positioned in the East Lindsey 013E Lower Super Output Area (LSOA), which forms part of East Lindsey 013 Middle Super Output Area (MSOA).
Falls within the Spilsby parish area.
Positioned within the East Midlands region.
Market Position
Ranks as the 3rd most expensive property in PE23 5FB based on latest sale prices, placing it in the top 8% of properties in the postcode.
Priced 45.3% above the PE23 5FB average of £122,531 for all property types.
Current estimated value ranges from £185,376 to £226,570, with a central estimate of £205,973 based on market growth trends.
Comparative Market Analysis
MAGELLAN DRIVE has 39 recorded properties with an average sale price of £122,531. This property is 45.3% above the street average.
Across all property types in PE23 5FB, 2 properties have sold over the past 12 months at an average of £179,000.
Sale History
| Date | Price | Change | Property Type |
|---|---|---|---|
| 18/03/2025 | £178,000 | +34.8% | detached house |
| 16/06/2014 | £132,000 | +34.7% | detached house |
| 19/06/2003 | £98,000 | +44.2% | detached house |
| 06/04/2001 | £67,950 | - | detached house |
Price History
Market Statistics - PE23 5FB
Property Types
Similar Properties in PE23 5FB
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Data Source & License: Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. For official property records and documentation, please visit HM Land Registry .