Matt Pits Lane - PE24 4LY
Key Postcode Insights
PE24 4LY is a residential postcode situated on Matt Pits Lane, Wainfleet, Skegness, PE24 with 20 addresses.
It ranks as the 847th largest and 312th most expensive of the 1,182 postcodes in the PE24 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 20 properties: 18 houses and 2 flats.
- Ave. Sale Price
- £170,356
- 10 Year change
- up 34.2%
- Ave. Rental Price
- £869pcm
- 10 Year change
- up 32.5%
- Ave. £ per ft²
- £175/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
PE24 4LY is a residential postcode situated on Matt Pits Lane, Wainfleet, Skegness, PE24 with 20 addresses.
It ranks as the 847th largest and 312th most expensive of the 1,182 postcodes in the PE24 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 20 properties: 18 houses and 2 flats.
- Ave. Sale Price
- £170,356
- 10 Year change
- up 34.2%
- Ave. Rental Price
- £869pcm
- 10 Year change
- up 32.5%
- Ave. £ per ft²
- £175/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin PE24 4LY
- Briar Cottage
5 Bed Early-century House
- Colindale
3 Bed Early-century House
- 24 Gate House Matt Pits Lane
4 Bed Early-century House
- Higholm Cottages
Building  |  2 Flats
- Luna House
Unknown
Sales Market Trends
The last sale in PE24 4LY sold for £230,000 on 14th December 2021. Since then prices are up an average of 1.3%.
The current average value in the postcode is £170,356.
The PE24 4LY Sales Market has increased by 34.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3% | £170,356 |
| June 2025 | -0.8% | £175,608 |
| June 2024 | -3.3% | £177,102 |
| June 2023 | 2.4% | £183,128 |
| June 2022 | 13.1% | £178,751 |
| June 2021 | 8.2% | £158,006 |
| June 2020 | 1.6% | £146,050 |
| June 2019 | 3.3% | £143,805 |
| June 2018 | 3.5% | £139,183 |
| June 2017 | 6% | £134,540 |
| June 2016 | 2.9% | £126,916 |
| June 2015 | 5% | £123,281 |
| June 2014 | 4.3% | £117,395 |
| June 2013 | -1% | £112,592 |
| June 2012 | 0.5% | £113,716 |
| June 2011 | -2.4% | £113,179 |
| June 2010 | 3.2% | £115,969 |
| June 2009 | -9% | £112,395 |
| June 2008 | -2.1% | £123,511 |
| June 2007 | 0% | £126,163 |
Rental Market Trends
The current average rental value in the postcode is £869.
The PE24 4LY Rental Market has increased by 32.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.6% | £869pcm |
| June 2025 | 5.1% | £839pcm |
| June 2024 | 2.5% | £798pcm |
| June 2023 | 5% | £778pcm |
| June 2022 | 8.1% | £741pcm |
| June 2021 | 3.1% | £686pcm |
| June 2020 | 0.3% | £665pcm |
| June 2019 | -0.6% | £663pcm |
| June 2018 | 0.1% | £668pcm |
| June 2017 | 1.7% | £667pcm |
| June 2016 | 2.4% | £656pcm |
| June 2015 | 3.3% | £641pcm |
| June 2014 | 0.8% | £620pcm |
| June 2013 | 1% | £615pcm |
| June 2012 | 0.5% | £609pcm |
| June 2011 | 1.7% | £606pcm |
| June 2010 | 9.9% | £597pcm |
| June 2009 | -4.8% | £543pcm |
| June 2008 | 1% | £570pcm |
| June 2007 | 0% | £564pcm |
Sales History
The last sale was on 14th December 2021 for £230,000 and since then the market in the area has increased by 1.3%. The postcode has had a total of 15 sales since 1995.
PE24 4LY has seen no sales in the last three years and no sales in the last twelve months.
- Sold Dec 2021£230,000 | 5 Bed HouseBriar Cottage, Matt Pits Lane, Skegness, PE24 4LYBriar Cottage, Matt Pits Lane, Skegness, PE24 4LY
- Sold Aug 2021£335,000 | 4 Bed House24 Gate House, Matt Pits Lane, Skegness, PE24 4LY24 Gate House, Matt Pits Lane, Skegness, PE24 4LY
- Sold Jun 2021£310,000 | 4 Bed HouseTranby Croft, Matt Pits Lane, Skegness, PE24 4LYTranby Croft, Matt Pits Lane, Skegness, PE24 4LY
- Sold Apr 2018£140,000 | 2 Bed House7, Matt Pits Lane, Skegness, PE24 4LY7, Matt Pits Lane, Skegness, PE24 4LY
- Sold Sep 2012£117,500 | 2 Bed HouseMagpie Cottage, Matt Pits Lane, Skegness, PE24 4LYMagpie Cottage, Matt Pits Lane, Skegness, PE24 4LY
Nearby Postcodes
PE24 4LY is the 847th largest and the 312th most expensive postcode out of the 1,182 postcodes in the PE24 area.
- PE24 4LW, Matt Pits Lane, Wainfleet, Skegness, PE24PE24 4LW8 Addresses|125 m away
- PE24 4LX, Brewster Lane, Wainfleet, Skegness, PE24PE24 4LX12 Addresses|136 m away
- PE24 4FD, Oxford Way, Wainfleet, Skegness, PE24PE24 4FD4 Addresses|203 m away
- PE24 4PB, Bees Corner, Wainfleet, Skegness, PE24PE24 4PB11 Addresses|270 m away
- PE24 4QY, Brewster Lane, Wainfleet, Skegness, PE24PE24 4QY6 Addresses|276 m away
Property Types
- 1 modern house built after 1980
- 3 houses of an unknown age
- 7 early-century houses built between 1912 and 1935
- 2 early-century flats built between 1912 and 1935
- 7 other addresses of unknown type
- modern house (1)
- house (3)
- early-century house (7)
- early-century flat (2)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (0)
- F (1)
- C (1)
- G (0)
- D (3)
- No EPC (12)
Top 3 Most Expensive Sales
- Sold Aug 2021£335,000 | 4 Bed House24 Gate House, Matt Pits Lane, Skegness, PE24 4LY24 Gate House, Matt Pits Lane, Skegness, PE24 4LY
- Sold Jun 2021£310,000 | 4 Bed HouseTranby Croft, Matt Pits Lane, Skegness, PE24 4LYTranby Croft, Matt Pits Lane, Skegness, PE24 4LY
- Sold Dec 2021£230,000 | 5 Bed HouseBriar Cottage, Matt Pits Lane, Skegness, PE24 4LYBriar Cottage, Matt Pits Lane, Skegness, PE24 4LY
Schools Nearby
- The Wainfleet Magdalen Church of England/Methodist School300 m away
- Friskney All Saints Church of England Primary School5.2 km away
- The St Peter and St Paul C of E Primary School5.6 km away
- Skegness Academy8.1 km away
- Skegness Grammar School8.2 km away
- King Edward VI Academy11.8 km away
More reading links
Public Transport Nearby
The closest station to PE24 4LY is Wainfleet station, which is 600 metres away.
- Wainfleet|600 m away
- Thorpe Culvert|2.5 km away
- Havenhouse|2.9 km away
- Skegness|7.8 km away
