PE24 5RQ is a residential postcode situated on South Crescent, Chapel St. Leonards, Skegness, PE24 with 32 addresses.
It ranks as the 482nd largest and 132nd most expensive of the 529 postcodes in the PE24 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 32 properties: 32 houses.
PE24 5RQ is a residential postcode situated on South Crescent, Chapel St. Leonards, Skegness, PE24 with 32 addresses.
It ranks as the 482nd largest and 132nd most expensive of the 529 postcodes in the PE24 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 32 properties: 32 houses.
Sale prices range from £124,253 for 1 bedroom freehold houses with a garden (430 ft2) to £281,338 for 5 bedroom freehold houses with a garden (1,894 ft2) .
Monthly rental prices range from £695 pcm for 1 bed houses to £1,429 pcm for 5 bed houses.
The gross rental yield is between 6.0% and 6.7%.
The average value per square foot is £224.
The last sale in PE24 5RQ sold for £148,000 on 8th August 2025. Since then prices are down an average of 2.1%.
The current average value in the postcode is £177,658.
The PE24 5RQ Sales Market has increased by 40.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.5% | £177,658 |
| April 2025 | -1% | £185,980 |
| April 2024 | -2.8% | £187,844 |
| April 2023 | 4.5% | £193,191 |
| April 2022 | 15.4% | £184,812 |
| April 2021 | 8% | £160,086 |
| April 2020 | 2.7% | £148,161 |
| April 2019 | 4% | £144,293 |
| April 2018 | 2.3% | £138,687 |
| April 2017 | 6.9% | £135,558 |
| April 2016 | 3.1% | £126,786 |
| April 2015 | 4.6% | £123,004 |
| April 2014 | 5.1% | £117,637 |
| April 2013 | 0.6% | £111,960 |
| April 2012 | -0.2% | £111,246 |
| April 2011 | -3.3% | £111,488 |
| April 2010 | -0.5% | £115,248 |
| April 2009 | -5.9% | £115,837 |
| April 2008 | -1.1% | £123,136 |
| April 2007 | 0% | £124,480 |
The current average rental value in the postcode is £950.
The PE24 5RQ Rental Market has increased by 53.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £950pcm |
| April 2025 | 5.1% | £929pcm |
| April 2024 | 5.6% | £884pcm |
| April 2023 | 9.2% | £837pcm |
| April 2022 | 7.2% | £767pcm |
| April 2021 | 5.7% | £715pcm |
| April 2020 | 1.5% | £677pcm |
| April 2019 | 0.2% | £667pcm |
| April 2018 | 2.8% | £666pcm |
| April 2017 | 4.8% | £648pcm |
| April 2016 | 6.4% | £618pcm |
| April 2015 | 3.5% | £581pcm |
| April 2014 | 4% | £561pcm |
| April 2013 | 2.8% | £539pcm |
| April 2012 | 2.2% | £525pcm |
| April 2011 | 2.8% | £513pcm |
| April 2010 | -0.7% | £499pcm |
| April 2009 | -5.8% | £503pcm |
| April 2008 | 3.7% | £534pcm |
| April 2007 | 0% | £515pcm |
The last sale was on 8th August 2025 for £148,000 and since then the market in the area has decreased by 2.1%. The postcode has had a total of 42 sales since 1995.
PE24 5RQ has seen 2 sales in the last three years and 1 sale in the last twelve months.
PE24 5RQ is the 482nd largest and the 132nd most expensive postcode out of the 529 postcodes in the PE24 area.
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The closest station to PE24 5RQ is Skegness station which is 9.8 kilometres away.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around PE24 5RQ, 61.5% of property is privately owned outright and 22.3% is privately 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 5RQ, 10.0% of residents are recorded as possessing school level qualifications and 16.7% 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 5RQ, 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 5RQ, 0.0% 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 5RQ, 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.