LN12 2GY is a residential postcode situated on Alford Road, Sutton-On-Sea, Mablethorpe, LN12 with 7 addresses.
It ranks as the 673rd largest and 131st most expensive of the 1,818 postcodes in the LN12 area. The dominant property type is a flat built between and .
The postcode contains a total of 7 properties: 7 flats.
LN12 2GY is a residential postcode situated on Alford Road, Sutton-On-Sea, Mablethorpe, LN12 with 7 addresses.
It ranks as the 673rd largest and 131st most expensive of the 1,818 postcodes in the LN12 area. The dominant property type is a flat built between and .
The postcode contains a total of 7 properties: 7 flats.
Sale prices range from £103,866 for 2 bedroom leasehold flats (709 ft2) to £111,503 for 3 bedroom leasehold flats (807 ft2) .
Monthly rental prices range from £442 pcm for 2 bed flats to £480 pcm for 3 bed flats.
The gross rental yield is between 5.1% and 5.2%.
The average value per square foot is £145.
The last sale in LN12 2GY sold for £110,000 on 24th November 2023. Since then prices are down an average of 2.1%.
The current average value in the postcode is £107,692.
The LN12 2GY Sales Market has increased by 29.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.6% | £107,692 |
| April 2025 | -0.9% | £110,515 |
| April 2024 | -1.2% | £111,547 |
| April 2023 | 1.1% | £112,855 |
| April 2022 | 13.1% | £111,664 |
| April 2021 | 6.2% | £98,692 |
| April 2020 | 0.1% | £92,942 |
| April 2019 | 4.4% | £92,812 |
| April 2018 | 2.2% | £88,881 |
| April 2017 | 4.7% | £86,956 |
| April 2016 | 1.8% | £83,065 |
| April 2015 | 3.3% | £81,580 |
| April 2014 | 2.2% | £78,992 |
| April 2013 | -2.4% | £77,280 |
| April 2012 | -0.4% | £79,148 |
| April 2011 | -4% | £79,465 |
| April 2010 | -1.5% | £82,780 |
| April 2009 | -8.2% | £84,050 |
| April 2008 | -1.4% | £91,575 |
| April 2007 | 0% | £92,922 |
The current average rental value in the postcode is £464.
The LN12 2GY Rental Market has increased by 32.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £464pcm |
| April 2025 | 3.3% | £446pcm |
| April 2024 | 7.1% | £432pcm |
| April 2023 | 5% | £404pcm |
| April 2022 | 6.1% | £384pcm |
| April 2021 | 0.7% | £362pcm |
| April 2020 | 1.7% | £360pcm |
| April 2019 | -0.2% | £353pcm |
| April 2018 | 0% | £354pcm |
| April 2017 | 0.7% | £354pcm |
| April 2016 | 1.2% | £352pcm |
| April 2015 | -0.3% | £347pcm |
| April 2014 | 1.9% | £349pcm |
| April 2013 | -1.4% | £342pcm |
| April 2012 | 0.6% | £347pcm |
| April 2011 | 1.2% | £345pcm |
| April 2010 | -0.6% | £341pcm |
| April 2009 | -2.4% | £343pcm |
| April 2008 | -5.4% | £351pcm |
| April 2007 | 0% | £371pcm |
The last sale was on 24th November 2023 for £110,000 and since then the market in the area has decreased by 2.1%. The postcode has had a total of 16 sales since 1995.
LN12 2GY has seen 2 sales in the last three years and no sales in the last twelve months.
LN12 2GY is the 673rd largest and the 131st most expensive postcode out of the 1,818 postcodes in the LN12 area.
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The closest station to LN12 2GY is Skegness station which is 19.1 kilometres away.
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