1, Rays Way
1, Rays Way
Description & Estimates
Public records show 1, Rays Way, Skegness to be a modern freehold house with 796 ft2 of internal area, sitting on a 614 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
1, Rays Way, Skegness has an estimated sale value of £234,072 and an estimated rental value of £954 per month, assuming reasonable condition and based on the information available.
Rays Way, Chapel St. Leonards, Skegness, PE24 lies in the borough of East Lindsey, within the PE24 postal district.
Our Data Sources
1, Rays Way, Skegness has a single entry in the Land Registry from April 2021 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 1, Rays Way, Skegness would be worth £245,775, with a potential rental value of £1,001 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £217,687, with a rental value of £887 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Rays Way, Skegness has dropped by £5,856 (2.5%) over the last year. During the same period, its estimated monthly rental value has risen by £41 (4.3%). The property's estimated gross yield is currently 4.9%.
Plot Size
1, Rays Way, Skegness occupies a 614 m2 plot as recorded by HM Land Registry.
Of the 9 other houses in this postcode, 4 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
1, Rays Way, Skegness has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Oct 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
1, Rays Way, Skegness last changed hands on 1st April 2021, selling for £249,950. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 34.9% since April 2021.
- Sold Apr 2021£249,950
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.3 kilometres of 1, Rays Way, Skegness across the last 2 years.
Most recently, 5, Rays Way, Skegness, PE24 5WA, a freehold house, sold at £265,000 on the 24th March 2025.
Read more about house prices in PE24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Rays Way, Skegness as the 5th largest and the 8th most expensive of the 9 addresses on Rays Way, Chapel St. Leonards, Skegness, PE24.
Against the PE24 postcode district average, it is £26k more expensive than the typical property.
More reading links
Schools Nearby
- 500mChapel St Leonards Primary School
- 2.5kmHogsthorpe Primary Academy
- 2.7kmIngoldmells Academy
- 7.7kmSkegness Academy
- 7.9kmSkegness Grammar School
- 11.0kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
Skegness station is the nearest stop to 1, Rays Way, Skegness at 8.6 kilometres away.
- 8.6kmSkegness
- 12.4kmHavenhouse
- 14.1kmThorpe Culvert
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
