PE24 5JU is a residential postcode situated on Simpson Close, Chapel St. Leonards, Skegness, PE24 with 44 addresses.
It ranks as the 508th largest and 49th most expensive of the 529 postcodes in the PE24 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 44 properties: 43 houses and 1 flat.
PE24 5JU is a residential postcode situated on Simpson Close, Chapel St. Leonards, Skegness, PE24 with 44 addresses.
It ranks as the 508th largest and 49th most expensive of the 529 postcodes in the PE24 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 44 properties: 43 houses and 1 flat.
Sale prices range from £83,819 for 3 bedroom Leasehold flats (850 ft2) to £133,960 for 3 bedroom freehold houses with a garden (925 ft2) .
Monthly rental prices range from £472 pcm for 3 bed flats to £748 pcm for 3 bed houses.
The gross rental yield is between 6.7% and 6.9%.
The average value per square foot is £163.
The last sale in PE24 5JU sold for £90,000 on 17th October 2025. Since then prices are down an average of 1.6%.
The current average value in the postcode is £115,588.
The PE24 5JU Sales Market has increased by 35.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.7% | £115,588 |
| April 2025 | -1.1% | £118,786 |
| April 2024 | -2.7% | £120,094 |
| April 2023 | 3.9% | £123,411 |
| April 2022 | 14.6% | £118,773 |
| April 2021 | 6.9% | £103,657 |
| April 2020 | 2.8% | £96,982 |
| April 2019 | 3.1% | £94,378 |
| April 2018 | 1.6% | £91,506 |
| April 2017 | 5.7% | £90,067 |
| April 2016 | 2.6% | £85,241 |
| April 2015 | 3.9% | £83,119 |
| April 2014 | 4.7% | £79,983 |
| April 2013 | -0.4% | £76,405 |
| April 2012 | -0.6% | £76,686 |
| April 2011 | -3.2% | £77,174 |
| April 2010 | -1.9% | £79,720 |
| April 2009 | -6.9% | £81,305 |
| April 2008 | -2.1% | £87,317 |
| April 2007 | 0% | £89,149 |
The current average rental value in the postcode is £659.
The PE24 5JU Rental Market has increased by 49.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.2% | £659pcm |
| April 2025 | 5% | £633pcm |
| April 2024 | 5.8% | £602pcm |
| April 2023 | 8.5% | £570pcm |
| April 2022 | 6.5% | £525pcm |
| April 2021 | 4.6% | £493pcm |
| April 2020 | 1.6% | £471pcm |
| April 2019 | -0.7% | £464pcm |
| April 2018 | 2.1% | £467pcm |
| April 2017 | 3.6% | £458pcm |
| April 2016 | 5.9% | £442pcm |
| April 2015 | 2.8% | £417pcm |
| April 2014 | 3.7% | £406pcm |
| April 2013 | 1.7% | £391pcm |
| April 2012 | 1.8% | £385pcm |
| April 2011 | 2.8% | £378pcm |
| April 2010 | -2.2% | £367pcm |
| April 2009 | -6.7% | £376pcm |
| April 2008 | 2.7% | £403pcm |
| April 2007 | 0% | £392pcm |
The last sale was on 17th October 2025 for £90,000 and since then the market in the area has decreased by 1.6%. The postcode has had a total of 32 sales since 1995.
PE24 5JU has seen 4 sales in the last three years and 1 sale in the last twelve months.
PE24 5JU is the 508th largest and the 49th most expensive postcode out of the 529 postcodes in the PE24 area.
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The closest station to PE24 5JU is Skegness station which is 8.8 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around PE24 5JU, 44.1% of property is privately owned outright and 18.3% is socially rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PE24 5JU, 12.3% of residents are recorded as possessing school level qualifications and 10.4% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PE24 5JU, the average age was 53.5 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PE24 5JU, 1.3% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PE24 5JU, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.