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Chapel St Leonards House Prices Chapel St Leonards House Prices

The average house price in Chapel St Leonards is £187,500 using HM Land Registry data.

The average property price increased by £87,975 (63.23%) over the last 5 years and increased by £17,583 (8.39%) over the last 12 months.

Over the last year, there were 52 residential property sales – a decrease of 16 transactions (-30.77%) relative to the previous year. The majority of house sales (10) were in the £220,000 - £260,000 range. Then came properties in the £100,000 - £140,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 141 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,324 (-2%).

In April 2024, there were 12 new estate agency instructions, 10 agreed home sales and 10 property price reductions.

Postcodes Covered: PE24

5-Year Average Property Prices in Chapel St Leonards

63.23%

Property prices in Chapel St Leonards increased by 63.23% 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 Chapel St Leonards Over the Last Year

8.39%

Property prices in Chapel St Leonards increased by 8.39% 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 Chapel St Leonards - April 2024

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 Chapel St Leonards

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 Chapel St Leonards

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 Chapel St Leonards

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 Chapel St Leonards since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Chapel St Leonards area since 1995.

Recent Property Sales in Chapel St Leonards

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Well Vale Court, Chapel St Leonards, Skegness, Lincolnshire, PE24 5QR£250,000£247,500-£2,50019 Sep 202320 Feb 2024154 Days
9 Crown Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SZ£164,950£160,000-£4,95030 Jun 202301 Feb 2024216 Days
60 Wilton Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5YN£180,000£172,500-£7,50001 Jun 202331 Jan 2024244 Days
48 Wilton Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5YN£110,000£100,000-£10,00025 Sep 201205 Dec 20234088 Days
135 Sea Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RY£250,000£250,000£0028 Jul 202301 Nov 202396 Days
35 Warwick Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5UL£180,000£180,000£0008 Jun 202320 Oct 2023134 Days
8 Swallow Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RW£145,000£130,000-£15,00019 Jun 202316 Oct 2023119 Days
46 Acacia Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RE£300,000£300,000£0027 May 202329 Sep 2023125 Days
20 Wilton Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SG£210,000£205,000-£5,00019 May 202326 Sep 2023130 Days
19 Church Farm Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SQ£169,950£165,000-£4,95016 Jun 202312 Sep 202388 Days
28 Well Vale Drive, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SE£255,000£250,000-£5,00004 Apr 202304 Sep 2023153 Days
5 Roman Bank, Chapel St Leonards, Skegness, Lincolnshire, PE24 5QX£250,000£245,000-£5,00010 Jul 202330 Aug 202351 Days
5 Lindum Grove, Chapel St Leonards, Skegness, Lincolnshire, PE24 5TF£250,000£245,000-£5,00018 Apr 202311 Aug 2023115 Days
12 Sea Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SJ£249,950£240,000-£9,95011 Nov 202222 Jun 2023223 Days
18 Prince Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RR£190,000£175,000-£15,00024 Jan 202313 Jun 2023140 Days
35 Ancaster Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SL£179,950£172,000-£7,95016 Jan 202309 Jun 2023144 Days
16 Sunningdale Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5TQ£55,000£54,000-£1,00005 Oct 202216 May 2023223 Days
1 Anderby Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5XA£285,000£275,000-£10,00022 Dec 202211 May 2023140 Days
37 Simpson Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5JU£142,500£139,000-£3,50023 Feb 202321 Apr 202357 Days
2 Andrew Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5YY£280,000£277,500-£2,50029 Nov 202221 Apr 2023143 Days

Most Expensive Streets in Chapel St Leonards

PostcodeStreetAreaAverageNo. of Sales
PE24 5FHElliott WayChapel St Leonards£247,8336
PE24 5WARays WayChapel St Leonards£247,4756
PE24 5XAAnderby RoadChapel St Leonards£244,2504
PE24 5SEWell Vale DriveChapel St Leonards£236,11417
PE24 5RYSea RoadChapel St Leonards£235,7779
PE24 5RGSt Leonards DriveChapel St Leonards£230,6663
PE24 5UJChurch LaneChapel St Leonards£222,5004
PE24 5UUChapel CloseChapel St Leonards£219,6663
PE24 5QUSea Bank RoadChapel St Leonards£216,6427
PE24 5YYAndrew AvenueChapel St Leonards£209,9005

Least Expensive Streets in Chapel St Leonards

PostcodeStreetAreaAverageNo. of Sales
PE24 5URSunningdale CloseChapel St Leonards£48,1546
PE24 5TQSunningdale CloseChapel St Leonards£53,8624
PE24 5USEastfield ParkChapel St Leonards£83,5004
PE24 5JUSimpson CloseChapel St Leonards£108,8577
PE24 5QPBrocks CloseChapel St Leonards£110,3333
PE24 5RQSouth CrescentChapel St Leonards£140,6005
PE24 5RPSt Leonards DriveChapel St Leonards£143,0005
PE24 5RTElizabeth CloseChapel St Leonards£143,1663
PE24 5SQChurch Farm CloseChapel St Leonards£151,1663
PE24 5RSElizabeth DriveChapel St Leonards£155,65911

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