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House Prices in PE24 House Prices in PE24 (Skegness)

The average house price in PE24 (Skegness) is £250,000 using HM Land Registry data.

The average property price increased by £65,173 (38.9%) over the last 5 years and increased by £13,058 (5.4%) over the last 12 months.

Over the last year, there were 113 residential property sales – a decrease of 71 transactions (-62.83%) relative to the previous year. The majority of house sales (28) were in the £142,000 - £184,000 range. Then came properties in the £184,000 - £226,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,324 (-2%).

In Oct 24, there were 39 new estate agency instructions, 30 agreed home sales and 30 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) - Oct 24

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
Meadowcroft, Slackholme End, Hogsthorpe, Skegness, Lincolnshire, PE24 5NS£265,000£250,000-£15,00002 Nov 202312 Aug 2024284 Days
6 St Pauls Close, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5EQ£225,000£205,000-£20,00026 Apr 202331 Jul 2024462 Days
95a, Sea Road, Chapel St Leonards, Skegness, Lincolnshire, PE24 5RX£169,995£160,000-£9,99512 Apr 202416 Jul 202495 Days
17 Marsh Lane, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5AG£225,000£220,000-£5,00013 Nov 202312 Jul 2024242 Days
Wood View, Chalk Lane, Orby, Skegness, Lincolnshire, PE24 5HX£435,000£410,000-£25,00018 Oct 202210 Jul 2024631 Days
13 Fairburn Close, Chapel St Leonards, Skegness, Lincolnshire, PE24 5YT£195,000£135,000-£60,00023 Jun 202324 Jun 2024367 Days
53 Elm Crescent, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5EG£215,000£210,000-£5,00005 Feb 202418 Jun 2024134 Days
High Gables, Wainfleet Road, Irby In The Marsh, Skegness, Lincolnshire, PE24 5AY£300,000£285,000-£15,00016 Aug 202314 Jun 2024303 Days
28 Landseer Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5QZ£179,950£175,000-£4,95020 Feb 202406 Jun 2024107 Days
19 Buckingham Drive, Chapel St Leonards, Skegness, Lincolnshire, PE24 5UN£230,000£224,000-£6,00025 Jan 202416 May 2024112 Days
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
15 Hall Lane, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5LX£269,950£250,000-£19,95007 Feb 202408 May 202491 Days
The Daffodils, Langham Road, Hogsthorpe, Skegness, Lincolnshire, PE24 5QF£330,000£325,000-£5,00018 Oct 202326 Apr 2024191 Days
33 Ancaster Avenue, Chapel St Leonards, Skegness, Lincolnshire, PE24 5SL£235,000£235,000£0030 Jan 202422 Apr 202483 Days
The Dene, Pinchbeck Lane, Croft, Skegness, Lincolnshire, PE24 4RY£179,950£174,950-£5,00004 Apr 202319 Apr 2024381 Days
Ivy Cottage, Ivy House Lane, Wainfleet St Mary, Skegness, Lincolnshire, PE24 4HL£199,950£187,500-£12,45029 Aug 202309 Apr 2024224 Days
7 Linden Drive, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5BP£174,990£172,000-£2,99020 Nov 202308 Apr 2024140 Days
Kathlynd, Sea Road, Anderby Creek, Skegness, Lincolnshire, PE24 5XW£225,000£210,000-£15,00031 Jul 202305 Apr 2024249 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 5AQHall Lane, Burgh Le MarshSkegness£428,1663
PE24 5AFBillgate Lane, Burgh Le MarshSkegness£414,1663
PE24 5EWStation Road, Burgh Le MarshSkegness£412,0826
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

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 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 5XRGrace Crescent, Anderby CreekSkegness£123,5006

Explore PE24 (Skegness) using map

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