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4 bed house for sale Watermill Lane, Spilsby, PE23

OIRO

£440,000

Added on 27/09/2026

Type: Detached
Bedrooms: 4
Bathrooms: 2
Size: £231 per sq ft
Tenure: Freehold

Council tax Band D £2,276 a year

Key features

THREE BEDROOM DETACHED FAMILY HOME
VERSATILE LIVING ACCOMMODATION
QUIET & SOUGHT AFTER LOCATION
LARGE ENCLOSED REAR GARDEN
POTENTIAL TO EXTEND
SPACIOUS LIVING ACCOMMODATION
DRIVEWAY FOR FOUR CARS
INTERNAL VIEWING HIGHLY RECOMMENDED

About this property

This Spacious Three Bedroom Detached Family Home .

Located in a quiet and sought after location this property offers fantastic and versatile living accommodation along with a huge plot size of 0.28 acres so you could then extend or develop should you wish to. The property is currently configured as an upside down home with the bedrooms on the ground floor and living area upstairs designed this way to enjoy the fabulous views .

Floorplan

Council tax

Band D £2,276 a year

Per year

Band A

£1,517
Band B

£1,770
Band C

£2,023
Band D

This home: £2,276
Band E

£2,782
Band F

£3,287
Band G

£3,793
Band H

£4,552

This home is in band D, which costs £2,276 a year in East Lindsey for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across East Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Property timeline

Listed

September 2026 £440,000

4 beds · 2 baths · this listing
Sold

February 1998 £88,000

Detached

Sales are HM Land Registry records matched to this address by its number.

Price guide

This home

£231 / sq ft

Area average (sold)

£215 / sq ft

Price per area, sold homes nearby

£131 / sq ft

£231 / sq ft

£292 / sq ft

Lowest

This home

Highest

£231 per sq ft, above the middle of recent sales in PE23 (£131–£292, 10th–90th percentile, 150 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 150 homes sold in PE23 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in PE23 →

Location

Watermill Lane, Spilsby, PE23

Open map Street View

Mortgage and stamp duty

Property price £440,000

£220k £660k

Deposit10% £44,000

£0 £440k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £396,000 mortgage. Most lenders would want a household income of about £88,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
8, Watermill Lane Detached	Detached	May 2026	904 sq ft £299/sq ft	904 sq ft	£299	£270,000
12, Watermill Lane Detached	Detached	Nov 2023	1,173 sq ft £277/sq ft	1,173 sq ft	£277	£325,000
12, Watermill Lane Detached	Detached	Apr 2023	1,173 sq ft £85/sq ft	1,173 sq ft	£85	£99,500
The Barn, Watermill Lane Detached	Detached	Jun 2021	n/a	n/a	n/a	£520,000
8, The Square Terraced	Terraced	Jul 2017	n/a	n/a	n/a	£85,000
The Barn, Watermill Lane Detached	Detached	Apr 2017	n/a	n/a	n/a	£330,000
8, Watermill Lane Detached	Detached	Oct 2016	904 sq ft £175/sq ft	904 sq ft	£175	£158,000
9, Watermill Lane Semi-detached	Semi-detached	Jan 2012	883 sq ft £161/sq ft	883 sq ft	£161	£142,500