# 3 bedroom detached bungalow for sale (PE25 1EQ) ## Property Details | Key | Value | |-----|-------| | Address | 2 THE NEEDLES, SKEGNESS, LINCOLNSHIRE PE25 1EQ | | Price | £250,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Council tax | C | | Last sold | £242,500 Sep 2025 | ## Description Immaculate, detached bungalow in a lovely quiet cul-de-sac location on the popular Beacon Park. As there are bungalows all around the garden is private and not overlooked and laid in an attractive low maintenance style. Within 1/2 a mile of pubs, shops, post office, doctors and bus stop around the corner. The accommodation comprises; pleasant hallway, modern bathroom, two double bedrooms plus a single bedroom, lounge, modern kitchen and large conservatory off with gas central heating and uPVC double glazing. Block paved driveway and frontage provides off road parking for several cars plus single garage with electric roller door. Must be viewed! EPC rating: C. Tenure: Freehold, ## Property Photos - ![Photo](/listings/photos/160550498/548960) - ![Photo](/listings/photos/160550498/548961) - ![Photo](/listings/photos/160550498/548962) - ![Photo](/listings/photos/160550498/548963) - ![Photo](/listings/photos/160550498/548964) - ![Photo](/listings/photos/160550498/548965) - ![Photo](/listings/photos/160550498/548966) - ![Photo](/listings/photos/160550498/548967) - ![Photo](/listings/photos/160550498/548968) - ![Photo](/listings/photos/160550498/548969) - ![Photo](/listings/photos/160550498/548970) - ![Photo](/listings/photos/160550498/548971) - ![Photo](/listings/photos/160550498/548972) - ![Photo](/listings/photos/160550498/548973) - ![Photo](/listings/photos/160550498/548974) - ![Photo](/listings/photos/160550498/548975) - ![Photo](/listings/photos/160550498/548976) ## Floorplans - ![Floorplan](/listings/photos/160550498/548977) - Floorplan ## EPC Graphs - ![EPC Graph](/listings/photos/160550498/548978) - EPC Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 2 THE NEEDLES, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1EQ | £242,500 | 26/09/2025 | Detached | | 2 THE NEEDLES, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1EQ | £167,500 | 31/07/2015 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 79 BEACON PARK DRIVE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HE | £242,000 | 12/12/2025 | Detached | | 42 ST MARGARETS AVENUE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2LX | £201,000 | 28/11/2025 | Detached | | 6 DAVOS WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1EL | £194,000 | 27/11/2025 | Detached | | 4 BEACON WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HJ | £150,000 | 29/01/2025 | Detached | | 7 YARBOROUGH ROAD, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2NX | £204,000 | 01/09/2023 | Detached | | [Same street] 4A THE NEEDLES, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1EQ | £122,000 | 28/02/2023 | Terraced | | 5 THE HURST, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HP | £185,000 | 24/02/2023 | Detached | | 60 BEACON WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HJ | £225,000 | 09/12/2022 | Detached | | 6 ST VALENTINES WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2NG | £245,000 | 05/12/2022 | Detached | | 5 ST MARGARETS AVENUE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2LX | £229,500 | 30/09/2022 | Detached | | 36 PORTLAND DRIVE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HF | £228,000 | 16/09/2022 | Detached | | 6 DOWSING WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1LE | £232,000 | 26/08/2022 | Detached | | 33 FINISTERRE AVENUE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1ET | £239,950 | 26/08/2022 | Detached | | 9 FLAMBOROUGH CLOSE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HR | £345,000 | 06/06/2022 | Detached | | 25 FINISTERRE AVENUE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1ET | £205,000 | 27/05/2022 | Detached | | 55 BEACON PARK DRIVE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1HE | £335,000 | 11/05/2022 | Detached | | 1 LYNN WELL CLOSE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1DS | £220,000 | 13/04/2022 | Detached | | 34 BURGH OLD ROAD, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2LB | £285,000 | 28/03/2022 | Detached | | 2 HUCKLES WAY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1GT | £197,000 | 18/03/2022 | Detached | | 1 YARBOROUGH ROAD, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 2NX | £185,000 | 10/02/2022 | Detached | | 5 JOHNSON CLOSE, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE25 1TB | £158,000 | 09/12/2021 | Detached | **Street average:** £122,000 (1 sale) **Area average:** £225,273 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £261,650 (29 Detached, PE25, 2024–2026) - **Deviation:** -4.5% ## Rental Range *ONS Price Index of Private Rents (East Lindsey). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £618/mo - **Realistic:** £687/mo - **Optimistic:** £756/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Wolds and Coast (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £598/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 | |------|------|------|------|------| | 3 Bed Semi-Detached House, Blyton Road, PE25 | £975/mo | 3 | 0.43 miles | OpenRent | | 3 Bed Mobile Home, Southview Park, PE25 | £500/mo | 3 | 0.59 miles | OpenRent | | 3 Bed Semi-Detached House, Hoylake Drive, PE25 | £950/mo | 3 | 0.97 miles | OpenRent | | 3 Bed Terraced House, Queens Road, PE25 | £945/mo | 3 | 0.99 miles | OpenRent | **Average rent: £843/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.38% (weak for cashflow) - **Max investor price (0.8%):** £118,500 - **Target investor price (1%):** £94,800 *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 £948/mo).* - **Gross yield:** 4.6% - **Cost-to-rent:** 22× - **Monthly cashflow:** £-156/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -2.6% *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:** 17.8% - **10y growth:** 64.4% ## House Price Index (HM Land Registry) *Official index for East Lindsey; Detached series; as of March 2026.* - **1y growth (index):** 0.8% - **5y growth (index):** 18.3% - **10y growth (index):** 48.3% ## 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)