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House Prices in PE24 House Prices in PE24 (Skegness)

The average house price in PE24 (Skegness) is £215,882 using HM Land Registry data.

The average property price increased by £44,193 (38.9%) over the last 5 years and increased by £8,855 (5.4%) over the last 12 months.

Over the last year, there were 123 residential property sales – a decrease of 45 transactions (-36.59%) relative to the previous year. The majority of house sales (39) were in the £172,000 - £214,000 range. Then came properties in the £214,000 - £256,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 243 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,966 (-3%).

In February 2025, there were 29 new estate agency instructions, 17 agreed home sales and 33 property price reductions.

Nearby Postcodes: LN10, LN11, LN12, LN13, LN4, LN9, PE20, PE21, PE22, PE23, PE25

5-Year Average Property Prices in PE24 (Skegness)

38.9%

Property prices in PE24 (Skegness) increased by 38.9% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PE24 (Skegness) Over the Last Year

5.4%

Property prices in PE24 (Skegness) increased by 5.4% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PE24 (Skegness) - February 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PE24 (Skegness)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PE24 (Skegness)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PE24 (Skegness)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PE24 (Skegness) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE24 postcode area since 1995.

Recent Sales in PE24 (Skegness)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Elizabeth Court, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RU£200,000£200,000£030 Apr 202427 Jan 2025272 Days
9 South Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5TH£200,000£185,000-£15,00009 Aug 202403 Jan 2025147 Days
17 Tylers Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SF£190,000£185,000-£5,00008 Jul 202423 Dec 2024168 Days
Aldersgate, Spilsby Road, Wainfleet, Skegness, Lincolnshire, PE24 4LP£340,000£335,000-£5,00026 Jun 202417 Dec 2024174 Days
1 Burgh Road, Orby, Skegness, Lincolnshire, PE24 5HR£244,950£235,000-£9,95025 Sep 202413 Dec 202479 Days
7 Landseer Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5QZ£200,000£185,000-£15,00025 Apr 202406 Dec 2024225 Days
11 Claremont Road, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5HG£230,000£226,000-£4,00013 Jun 202426 Nov 2024166 Days
14 Bethlem Crescent, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4EL£283,000£280,000-£3,00008 Jul 202422 Nov 2024137 Days
7a, Church Farm Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SQ£249,950£248,950-£1,00028 Jun 202415 Nov 2024140 Days
37 Simpson Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5JU£160,000£156,000-£4,00007 Jun 202414 Nov 2024160 Days
Whitegates, St Michaels Lane, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4HB£220,000£200,000-£20,00006 Nov 202314 Nov 2024374 Days
13 Wilton Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SG£189,500£125,000-£64,50010 Mar 202131 Oct 20241331 Days
17 Dawson Drive, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5NA£175,000£169,000-£6,00003 May 202428 Oct 2024178 Days
The Croft, Spilsby Road, Wainfleet, Skegness, Lincolnshire, PE24 4LN£349,950£335,500-£14,45002 Apr 202424 Oct 2024205 Days
36 Stones Close, Hogsthorpe, Skegness, Lincolnshire, PE24 5NZ£200,000£194,000-£6,00005 Dec 202322 Oct 2024322 Days
16 Elizabeth Drive, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RS£185,000£175,000-£10,00019 Apr 202421 Oct 2024185 Days
50 High Street, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5JT£165,000£150,000-£15,00027 Jun 202418 Oct 2024113 Days
4 Groose Lane, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4EZ£180,000£170,000-£10,00017 Jun 202416 Oct 2024121 Days
28 Buckingham Drive, Chapel St Leonards, Skegness, Lincolnshire, PE24 5UN£213,950£205,000-£8,95015 Aug 202411 Oct 202457 Days
Threeways, Wainfleet Road, Bratoft, Skegness, Lincolnshire, PE24 5AL£350,000£350,000£017 Jun 202404 Oct 2024109 Days

Most Expensive Streets in PE24 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE24 5BZSummer Gates Lane, BratoftSkegness£549,3333
PE24 5EWStation Road, Burgh Le MarshSkegness£467,0826
PE24 5FRSpringfields Close, Burgh Le MarshSkegness£463,20010
PE24 5AFBillgate Lane, Burgh Le MarshSkegness£414,1663
PE24 5ALWainfleet Road, BratoftSkegness£404,0003
PE24 5AHWainfleet Road, Burgh Le MarshSkegness£403,8005
PE24 5DSThe Paddocks, Burgh Le MarshSkegness£384,1663
PE24 4LNSpilsby Road, WainfleetSkegness£364,0005
PE24 5AQHall Lane, Burgh Le MarshSkegness£360,1254
PE24 4RLCroft Bank, CroftSkegness£355,2504

Least Expensive Streets in PE24 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE24 5URSunningdale Close, Chapel St LeonardsSkegness£49,6583
PE24 5TQSunningdale Close, Chapel St LeonardsSkegness£53,8624
PE24 4BNHigh Street, WainfleetSkegness£75,1663
PE24 5USEastfield Park, Chapel St LeonardsSkegness£83,5004
PE24 5PPHigh Street, HogsthorpeSkegness£100,3333
PE24 4HFQueens Estate, Wainfleet St MarySkegness£102,3333
PE24 4DWCarr Lane, WainfleetSkegness£107,6254
PE24 5XRGrace Crescent, Anderby CreekSkegness£122,5006
PE24 5JUSimpson Close, Chapel St LeonardsSkegness£124,6666
PE24 5JEJohnson Way, Burgh Le MarshSkegness£127,6663

Explore PE24 (Skegness) using map

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