# 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 | | Construction age | England and Wales: 1983-1990 | | Floor area | 47 m² | | Last sold | £112,500 Sep 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** B - **Expiry date:** 07/07/2031 - **Current heating cost:** £806/year - **Est. upgrade cost to C:** £16,000 ### Recommendations - W2 (£4,000 - £6,000) - L2 (£1,200 - £1,800) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0320-2508-4030-2809-3711) ## 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 - ![Photo](/listings/photos/151630976/1067354) - ![Photo](/listings/photos/151630976/1067355) - ![Photo](/listings/photos/151630976/1067356) - ![Photo](/listings/photos/151630976/1067357) - ![Photo](/listings/photos/151630976/1067358) - ![Photo](/listings/photos/151630976/1067359) - ![Photo](/listings/photos/151630976/1067360) - ![Photo](/listings/photos/151630976/1067361) - ![Photo](/listings/photos/151630976/1067362) - ![Photo](/listings/photos/151630976/1067363) - ![Photo](/listings/photos/151630976/1067364) - ![Photo](/listings/photos/151630976/1067365) - ![Photo](/listings/photos/151630976/1067366) - ![Photo](/listings/photos/151630976/1067367) - ![Photo](/listings/photos/151630976/1067368) - ![Photo](/listings/photos/151630976/1067369) - ![Photo](/listings/photos/151630976/1067370) ## 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).* ## Price per Square Metre - **£/m²:** £2,446/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 1.7% - **10y growth:** 43% ## 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)