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Bricks&Logic is a trading name of Urban Markets Ltd
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
PE24 5WAHouse Prices / East Midlands, East Lindsey, Rays Way
Last updated May 2026
Key Postcode Insights
PE24 5WA is a residential postcode situated on Rays Way, Chapel St. Leonards, Skegness, PE24 with 9 addresses.
It ranks as the 308th largest and 349th 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 9 properties: 9 houses.
9
Properties
- Houses
Key Postcode Insights
PE24 5WA is a residential postcode situated on Rays Way, Chapel St. Leonards, Skegness, PE24 with 9 addresses.
It ranks as the 308th largest and 349th 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 9 properties: 9 houses.
9
Properties
- Houses
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House Pricesin PE24 5WA
Sale prices range from £166,635 for 2 bedroom freehold houses with a garden (764 ft2) to £260,247 for 3 bedroom freehold houses with a garden (871 ft2) .
Monthly rental prices range from £875 pcm for 2 bed houses to £1,118 pcm for 3 bed houses.
The gross rental yield is between 5.1% and 6.3%.
The average value per square foot is £301.
Average Sale Value
£235,342
Average Rental Value
£1,030 pcm
Average Rental Yield
5.3% /year
Average Value Per Sqft
£301 /ft2
Sales Market Trendsin PE24 5WA
The last sale in PE24 5WA sold for £265,000 on 24th March 2025. Since then prices are down an average of 2.3%.
The current average value in the postcode is £235,342.
The PE24 5WA Sales Market has increased by 39.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.1% | £235,342 |
| April 2025 | -0.8% | £242,953 |
| April 2024 | -3% | £244,880 |
| April 2023 | 4.4% | £252,340 |
| April 2022 | 15.5% | £241,675 |
| April 2021 | 7.7% | £209,223 |
| April 2020 | 2.8% | £194,178 |
| April 2019 | 3.5% | £188,978 |
| April 2018 | 2% | £182,591 |
| April 2017 | 6.2% | £178,956 |
| April 2016 | 3.1% | £168,526 |
| April 2015 | 4.4% | £163,384 |
| April 2014 | 5.4% | £156,520 |
| April 2013 | 0.1% | £148,494 |
| April 2012 | -0.7% | £148,383 |
| April 2011 | -3.1% | £149,458 |
| April 2010 | -1.4% | £154,305 |
| April 2009 | -6.7% | £156,494 |
| April 2008 | -1.6% | £167,727 |
| April 2007 | 0% | £170,457 |
Rental Market Trendsin PE24 5WA
The current average rental value in the postcode is £1,030.
The PE24 5WA Rental Market has increased by 53.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.7% | £1,030pcm |
| April 2025 | 5.4% | £993pcm |
| April 2024 | 5.5% | £942pcm |
| April 2023 | 9% | £894pcm |
| April 2022 | 7.3% | £819pcm |
| April 2021 | 5.4% | £763pcm |
| April 2020 | 1.6% | £724pcm |
| April 2019 | -0.3% | £713pcm |
| April 2018 | 2.5% | £715pcm |
| April 2017 | 4.1% | £698pcm |
| April 2016 | 6.5% | £670pcm |
| April 2015 | 3.3% | £629pcm |
| April 2014 | 4.4% | £609pcm |
| April 2013 | 2.1% | £583pcm |
| April 2012 | 1.7% | £571pcm |
| April 2011 | 2.9% | £561pcm |
| April 2010 | -1.7% | £546pcm |
| April 2009 | -6.5% | £555pcm |
| April 2008 | 3.2% | £594pcm |
| April 2007 | 0% | £575pcm |
Explore Propertiesin PE24 5WA, Rays Way, Chapel St. Leonards, Skegness, PE24
- 1, Rays Way, Skegness, PE24 5WA2 bed modern house
- 2, Rays Way, Skegness, PE24 5WA2 bed modern house
- 3, Rays Way, Skegness, PE24 5WA2 bed modern house
- 4, Rays Way, Skegness, PE24 5WA2 bed modern house
- 5, Rays Way, Skegness, PE24 5WA2 bed modern house
- 6, Rays Way, Skegness, PE24 5WA3 bed modern house
- 7, Rays Way, Skegness, PE24 5WA2 bed modern house
- 8, Rays Way, Skegness, PE24 5WA2 bed modern house
- 9, Rays Way, Skegness, PE24 5WA
Sales Historyin PE24 5WA
The last sale was on 24th March 2025 for £265,000 and since then the market in the area has decreased by 2.3%. The postcode has had a total of 8 sales since 1995.
PE24 5WA has seen 3 sales in the last three years and no sales in the last twelve months.
Sold Mar 2025£265,000 | 2 Bed HouseRays Way5, Rays Way, Skegness, PE24 5WA
Sold Jun 2023£250,000 | 2 Bed HouseRays Way7, Rays Way, Skegness, PE24 5WA
Sold Feb 2023£265,000 | 3 Bed HouseRays Way6, Rays Way, Skegness, PE24 5WA
Sold Nov 2022£245,000 | 2 Bed HouseRays Way4, Rays Way, Skegness, PE24 5WA
Sold Jun 2022£250,000 | 2 Bed HouseRays Way2, Rays Way, Skegness, PE24 5WA
Sold Nov 2021£239,950 | 2 Bed HouseRays Way5, Rays Way, Skegness, PE24 5WA
Sold Sep 2021£234,950 | 2 Bed HouseRays Way3, Rays Way, Skegness, PE24 5WA
Sold Apr 2021£249,950 | 2 Bed HouseRays Way1, Rays Way, Skegness, PE24 5WA
Nearby Postcodesto PE24 5WA
PE24 5WA is the 308th largest and the 349th most expensive postcode out of the 529 postcodes in the PE24 area.
- 68 mPE24 5UF, Eric Avenue, Chapel St. Leonards, Skegness, PE24PE24 5UF5 Addresses
- 73 mPE24 5TL, South Road, Chapel St. Leonards, Skegness, PE24PE24 5TL38 Addresses
- 148 mPE24 5UP, East View Close, Chapel St. Leonards, Skegness, PE24PE24 5UP33 Addresses
- 168 mPE24 5UE, Jacksons Drive, Chapel St. Leonards, Skegness, PE24PE24 5UE1 Addresses
- 178 mPE24 5TN, Gatrum Lane, Chapel St. Leonards, Skegness, PE24PE24 5TN9 Addresses
- 200 mPE24 5WB, Sidney Close, Chapel St. Leonards, Skegness, PE24PE24 5WB16 Addresses
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Property Typesin PE24 5WA
- 8 modern houses built after 1980
- 1 other address of unknown type
- modern house (8)
- Unknown (1)
Energy Efficiencyof properties in PE24 5WA
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The dominant rating is B.
- A (0)
- E (0)
- B (8)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (1)
Schools Nearbyto PE24 5WA
The nearest primary school to PE24 5WA is Chapel St Leonards Primary School which is 502 metres away.
- 502mChapel St Leonards Primary School
- 2.5kmHogsthorpe Primary Academy
- 2.7kmIngoldmells Academy
The nearest secondary school is Skegness Academy which is 7.7 kilometres away.
- 7.7kmSkegness Academy
- 7.9kmSkegness Grammar School
- 11.0kmJohn Spendluffe Foundation Technology College
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Public Transport Nearbyto PE24 5WA
The closest station to PE24 5WA is Skegness station which is 8.6 kilometres away.
- 8.6kmSkegness
- 12.4kmHavenhouse
- 14.1kmThorpe Culvert
- 14.4kmWainfleet
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