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House Prices in PE24 House Prices in PE24 (Skegness)

The average house price in PE24 (Skegness) is £189,714 using HM Land Registry data.

The average property price increased by £87,448 (38.9%) over the last 5 years and increased by £17,482 (5.4%) over the last 12 months.

Over the last year, there were 112 residential property sales – a decrease of 108 transactions (-96.43%) relative to the previous year. The majority of house sales (24) were in the £170,000 - £210,000 range. Then came properties in the £130,000 - £170,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,324 (-2%).

In June 2024, there were 41 new estate agency instructions, 29 agreed home sales and 36 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 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 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) - June 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 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
17 Beaumont Close, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5DT£235,000£235,000£0002 Feb 202414 May 2024102 Days
20 Well Vale Drive, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SE£280,000£270,000-£10,00018 Jan 202410 May 2024113 Days
98 Sea Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RX£319,000£308,000-£11,00031 Oct 202210 May 2024557 Days
33 Ancaster Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SL£235,000£235,000£0030 Jan 202422 Apr 202483 Days
Ivy Cottage, Ivy House Lane, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4HL£199,950£187,500-£12,45029 Aug 202309 Apr 2024224 Days
Kathlynd, Sea Road, Anderby Creek, Skegness, Lincolnshire, PE24 5XW£225,000£210,000-£15,00031 Jul 202305 Apr 2024249 Days
31 Hall Lane, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5LX£260,000£260,000£0012 Sep 202303 Apr 2024204 Days
92 Station Road, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5EP£250,000£195,500-£54,50019 Oct 202328 Mar 2024161 Days
44 Wilton Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SG£194,950£192,500-£2,45015 Sep 202325 Mar 2024192 Days
18 St Edmunds Close, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4ER£215,000£205,000-£10,00009 Nov 202322 Mar 2024134 Days
15 Station Road, Wainfleet, Skegness, Lincolnshire, PE24 4JD£299,950£283,500-£16,45001 Nov 202320 Mar 2024140 Days
18 Thames Crescent, Hogsthorpe, Skegness, Lincolnshire, PE24 5PS£209,000£195,000-£14,00018 Oct 202308 Mar 2024142 Days
19 Acacia Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RE£189,950£183,500-£6,45012 Oct 202328 Feb 2024139 Days
3 Well Vale Court, Chapel St Leonards, Skegness, Lincolnshire, PE24 5QR£250,000£247,500-£2,50019 Sep 202320 Feb 2024154 Days
136 Sea Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RY£250,000£240,000-£10,00010 Aug 202315 Feb 2024189 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
41 Dawson Drive, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5NA£165,000£160,000-£5,00029 Sep 202325 Jan 2024118 Days
Roselea, St Michaels Lane, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4HB£175,000£166,500-£8,50003 Oct 202321 Dec 202379 Days
11 St Edmunds Close, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4ER£165,000£165,000£0019 May 202320 Dec 2023215 Days

Most Expensive Streets in PE24 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE24 5BZSummer Gates Lane, BratoftSkegness£549,3333
PE24 5FRSpringfields Close, Burgh Le MarshSkegness£463,20010
PE24 5AFBillgate Lane, Burgh Le MarshSkegness£414,1663
PE24 4RLCroft Bank, CroftSkegness£389,3333
PE24 5AHWainfleet Road, Burgh Le MarshSkegness£389,0006
PE24 5DSThe Paddocks, Burgh Le MarshSkegness£384,1663
PE24 4LNSpilsby Road, WainfleetSkegness£371,1254
PE24 4LEFen Bank Lane, WainfleetSkegness£367,0005
PE24 5YFRectory Road, AnderbySkegness£364,3333
PE24 4THRectory Lane, AddlethorpeSkegness£337,0004

Least Expensive Streets in PE24 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE24 5URSunningdale Close, Chapel St LeonardsSkegness£48,5855
PE24 5TQSunningdale Close, Chapel St LeonardsSkegness£53,8624
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 5JUSimpson Close, Chapel St LeonardsSkegness£108,8577
PE24 5QPBrocks Close, Chapel St LeonardsSkegness£110,3333
PE24 5LTThe Causeway, Burgh Le MarshSkegness£121,2504
PE24 4DQBarkham Street, WainfleetSkegness£122,7506

Explore PE24 (Skegness) using map

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