Sold STC Detached

23 EASTFIELD PARK

SKEGNESS, CHAPEL ST LEONARDS, LINCOLNSHIRE PE24 5US

2 beds 1 baths 47 m² Listed 22 Aug 2024 (-698d)

£114,950

Reduced on 24 Mar 2025

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# 2 bedroom detached bungalow for sale (PE24 5US)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23 EASTFIELD PARK, SKEGNESS, CHAPEL ST LEONARDS, LINCOLNSHIRE PE24 5US |
| Price | £114,950 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £112,500 Sep 2025 |

## Description

NO CHAIN.  A beautifully presented and well maintained Leasehold Bungalow on a popular park situated in close proximity to the beach and the North Sea Observatory at Chapel Point.  The accommodation comprises, Front Verandah, Entrance Hall, Lounge, fitted Kitchen, 2 Bedrooms and a Bathroom.  EPC Rating D

EPC rating: D. Tenure: Leasehold, Service charge description: Maintenance & insurance,

## Property Photos

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## Floorplans

- ![Floorplan](/listings/photos/151630976/1067371) - Floorplan

## EPC Graphs

- ![EPC Graph](/listings/photos/151630976/1067372) - EPC Graph
- ![EPC Certificate](/listings/photos/151630976/1067373) - EPC Certificate

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £112,500 | 11/09/2025 | Terraced |
| 23 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £26,500 | 23/10/2000 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 29 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA | £288,000 | 19/12/2025 | Detached |
| [Same street] 18 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £115,000 | 18/06/2025 | Detached |
| [Same street] 8 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £100,000 | 14/12/2023 | Other |
| 46 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE | £300,000 | 29/09/2023 | Detached |
| 5 ROMAN BANK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QX | £245,000 | 30/08/2023 | Detached |
| 21 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA | £250,000 | 17/08/2023 | Detached |
| [Same street] 7 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £103,000 | 19/04/2023 | Detached |
| 2 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ | £200,000 | 31/10/2022 | Detached |
| 121 ST LEONARDS DRIVE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RA | £199,950 | 14/10/2022 | Detached |
| 116 ST LEONARDS DRIVE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RB | £280,000 | 19/08/2022 | Detached |
| 6 CHAPEL CLOSE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UU | £169,000 | 17/08/2022 | Detached |
| 14 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE | £182,500 | 04/07/2022 | Detached |
| 26 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ | £190,000 | 12/04/2022 | Detached |
| 38 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ | £130,000 | 25/02/2022 | Detached |
| 28 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ | £145,000 | 21/12/2021 | Detached |
| 27 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA | £325,000 | 03/12/2021 | Detached |
| 29 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE | £230,000 | 22/11/2021 | Detached |
| BEACHSIDE CHAPEL HOLIDAY VILLAGE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UZ | £288,000 | 27/10/2021 | Detached |
| 4 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE | £160,000 | 15/10/2021 | Detached |
| 4 CHAPEL CLOSE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UU | £220,000 | 30/09/2021 | Detached |
| 2 ROMAN BANK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QX | £136,500 | 24/09/2021 | Detached |
| [Same street] 14 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US | £53,000 | 17/09/2021 | Flat |

**Street average:** £92,750 (4 sales)
**Area average:** £218,831 (18 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £229,426 (27 Detached, PE24, 2024–2026)
- **Deviation:** -49.9%

## Rental Range

*ONS Price Index of Private Rents (East Lindsey). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £625/mo
- **Realistic:** £694/mo
- **Optimistic:** £763/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Wolds and Coast (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £494/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Chapel St. Leonards, PE24 | £675/mo | 2 | 0.75 miles | OpenRent |
| 2 Bed Flat, Chapel St. Leonards, PE24 | £625/mo | 2 | 0.78 miles | OpenRent |

**Average rent: £650/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.57% (weak for cashflow)
- **Max investor price (0.8%):** £81,250
- **Target investor price (1%):** £65,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £650/mo).*

- **Gross yield:** 6.8%
- **Cost-to-rent:** 14.7×
- **Monthly cashflow:** £107/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 0.2%
- **10y growth:** 39.7%

## House Price Index (HM Land Registry)

*Official index for East Lindsey; Detached series; as of April 2026.*

- **1y growth (index):** 2.7%
- **5y growth (index):** 16.8%
- **10y growth (index):** 43.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

LEASEHOLD

Floor area

47 m²

Council tax band

Last sold

£112,500 Sep 2025

Local average

£229,426 (-49.9%)

Deprivation

Decile 2 (4,721 of 33,755)

Street crime

1 incident within 1 mile (May 2026)

Key features

NO CHAIN
BEAUTIFULLY PRESENTED
POPULAR PARK
CLOSE TO BEACH & NORTH SEA OBSERVATORY
LEASEHOLD
COMMUNAL PARKING AREA
EPC RATING D

Additional details

Heating: Electric
Parking: Permit
Garden: Communal garden
Listed property: No

Description

NO CHAIN. A beautifully presented and well maintained Leasehold Bungalow on a popular park situated in close proximity to the beach and the North Sea Observatory at Chapel Point. The accommodation comprises, Front Verandah, Entrance Hall, Lounge, fitted Kitchen, 2 Bedrooms and a Bathroom. EPC Rating D
EPC rating: D. Tenure: Leasehold, Service charge description: Maintenance & insurance,

Listed by

Skegness

The Property Franchise Group

Reference: 151630976

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Graph

EPC Certificate

Price history

325% since 2000

Event	Date	Price	% change
Sold	11/09/2025 (10 months ago)	£112,500	+324.5%
Sold	23/10/2000 (25 years ago)	£26,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
29 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA	£288,000	19/12/2025	Detached
Same street 18 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US	£115,000	18/06/2025	Detached
Same street 8 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US	£100,000	14/12/2023	Other
46 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE	£300,000	29/09/2023	Detached
5 ROMAN BANK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QX	£245,000	30/08/2023	Detached
21 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA	£250,000	17/08/2023	Detached
Same street 7 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US	£103,000	19/04/2023	Detached
2 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ	£200,000	31/10/2022	Detached
121 ST LEONARDS DRIVE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RA	£199,950	14/10/2022	Detached
116 ST LEONARDS DRIVE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RB	£280,000	19/08/2022	Detached
6 CHAPEL CLOSE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UU	£169,000	17/08/2022	Detached
14 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE	£182,500	04/07/2022	Detached
26 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ	£190,000	12/04/2022	Detached
38 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ	£130,000	25/02/2022	Detached
28 LANDSEER AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QZ	£145,000	21/12/2021	Detached
27 ANDERBY ROAD, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5XA	£325,000	03/12/2021	Detached
29 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE	£230,000	22/11/2021	Detached
BEACHSIDE CHAPEL HOLIDAY VILLAGE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UZ	£288,000	27/10/2021	Detached
4 ACACIA AVENUE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5RE	£160,000	15/10/2021	Detached
4 CHAPEL CLOSE, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5UU	£220,000	30/09/2021	Detached
2 ROMAN BANK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5QX	£136,500	24/09/2021	Detached
Same street 14 EASTFIELD PARK, CHAPEL ST LEONARDS, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 5US	£53,000	17/09/2021	Flat

Street average: £92,750 (4 sales)

Area average: £218,831 (18 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 0.2%

10y growth 39.7%

House Price Index (HM Land Registry — official index, not sold-price averages): East Lindsey. Series: Detached. As of April 2026.

1y (index) 2.7%

5y (index) 16.8%

10y (index) 43.7%

Rental Range

Estimated market rent for East Lindsey. Low = conservative, Realistic = average, Optimistic = best case.

Low £625/mo

Realistic £694/mo

Optimistic £763/mo

Based on Local Authority from postcode lookup → East Lindsey.

LHA (30th percentile) floor for Wolds and Coast: £494/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View PE24 5US

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Mr I Royle	0.2 miles
Shop	New Point Stores	0.2 miles
Bus stop	Acacia Avenue	0.2 miles
Train station	Walls Lane	3.8 miles
Hospital	Skegness Hospital	6.1 miles
Train station	Skegness	6.3 miles

Street-level crime

Category	Count
Violence and sexual offences	1
Total incidents	1

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Chapel St Leonards Primary School	Primary	0.8 miles	Good — 6 Sep 2022
Hogsthorpe Primary Academy	Primary	1.6 miles	Good — 10 Jul 2024
Ingoldmells Academy	Primary	2.7 miles	Good — 6 Jun 2014
Huttoft Primary & Nursery School	Primary	3.6 miles	— (Inspected (no overall grade))
Seathorne Primary Academy	Primary	4.9 miles	Good — 14 Jul 2016

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Chapel St. Leonards, PE24	£675/mo	2	0.75 miles	OpenRent
2 Bed Flat, Chapel St. Leonards, PE24	£625/mo	2	0.78 miles	OpenRent

Average rent: £650/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.57%

Max investor price (0.8%) £81,250

Target investor price (1%) £65,000

Gross yield 6.8%

Cost-to-rent ratio 14.7×

Monthly cashflow £107/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 3.9%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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