Sold STC End of terrace

Corner Cottage 4

NEW ENGLAND, CROFT BANK, SKEGNESS, CROFT, LINCOLNSHIRE PE24 4AN

3 beds 2 baths Listed 18 Aug 2018 (-2894d)

£159,950

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Main Picture Conservatory Kitchen Dining Room Lounge Bedroom Three En-suite Bedroom One Bedroom Two Shower Room Outside Outside Kitchen Kitchen Dining Room/Lounge Dining Room/Lounge Lounge Bedroom One

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Property details

Tenure

FREEHOLD

Last sold

£155,000 Nov 2018

Local average

£118,900 (+34.5%)

Deprivation

Decile 2 (4,668 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

  • A deceptively spacious & characterful three bedroom end of terrace cottage
  • Located on the fringe of the historic small town of Wainfleet
  • Having conservatory, kitchen, dining room, lounge & bedroom with en-suite to the ground floor
  • Having two bedrooms & shower room to the first floor
  • Oil fired central heating
  • uPVC double glazing
  • Ample off street parking for several vehicles
  • Low maintenance gardens
  • Garage & workshop
  • No upward chain

Additional details

Parking
Yes
Garden
Yes

Description

A deceptively spacious and characterful three bedroom end of terrace cottage offering flexible accommodation & a workshop set on the fringe of the historic small market town of Wainfleet. Offering accommodation briefly comprising conservatory, kitchen, dining room, lounge & bedroom with en-suite to the ground floor. With the first floor having two further bedrooms & shower room. The property benefits from oil fired central heating & uPVC double glazing. Outside the property is approached over a large driveway extending to the garage and workshop providing ample off street parking for several vehicles and could comfortably accommodate a motor home or caravan with well proportioned low maintenance gardens to either side. Offered with no upward chain, viewing comes highly recommended and is by appointment only.

Conservatory 11' 10" x 6' 11" (3.61m x 2.12m)
Having two wall light points, uPVC double glazed entry door.

Kitchen 13' 1" x 10' 10" (4.00m x 3.30m)
Having a "Belfast" style sink with mixer tap set in solid beech work surfaces extending to provide a range of cream fitted base cupboards & drawers with tiled splash backs to work surfaces, integrated electric oven with four ring electric hob with filter hood over, integrated dish washer, integrated fridge/freezer, radiator, fitted meter cupboard housing consumer unit & electric meter, two ceiling light points, timber entry door to the conservatory.

Dining Room 17' 11" x 10' 10" (5.46m x 3.30m)
Having radiator, built in storage cupboard, ceiling light point, stairs off to first floor landing, uPVC double glazed double doors to the gardens. Being open plan with:-

Lounge 18' 0" x 10' 10" (5.48m x 3.30m)
Having recessed electric log burner effect fire set in a brick surround with slate hearth, radiator, range of fitted shelving, television point, ceiling light point.

Bedroom Three 11' 10" x 5' 9" (3.60m x 1.76m)
Having radiator, built in cupboard, ceiling light point.

En-suite 4' 3" x 5' 9" (1.30m x 1.75m) To Maximum
Being fully tiled to the walls having a three piece suite comprising tiled shower cubical housing a mains mixer shower, close coupled WC, hand wash basin with mixer tap & fitted toiletry cupboard under, heated towel rail, loft hatch, extractor fan, ceiling light point.

First Floor Landing
Having radiator, built in storage cupboard, ceiling light point.

Bedroom One 11' 0" x 11' 0" (3.35m x 3.35m)
Having fitted wardrobe, radiator, ceiling light point.

Bedroom Two 10' 9" x 7' 8" (3.28m x 2.34m)
Having radiator, range of fitted over head cupboards, ceiling light point.

Shower Room 10' 6" x 6' 11" (3.20m x 2.10m)
Being partially tiled and currently having a two piece suite comprising pedestal hand wash basin, close coupled WC, built in storage/linen cupboard, radiator, access to roof space via loft hatch, range of inset ceiling down lights. With a double walk in shower currently being fitted.

Outside
The property is approached through a "field gate" style vehicle gate over a large rubberized driveway extending to the properties attached garage with low maintenance gravelled gardens leading to a paved patio area & raised garden beds to one side with a further gravelled parking area and slate chipped seating area to the other.

Garage 15' 7" x 8' 0" (4.74m x 2.44m)
Having up & over vehicle door, ceiling light points. Access to:-

Workshop 11' 2" x 8' 2" (3.40m x 2.50m)

Listed by

Skegness

Beam Estate Agents

Reference: 67053952

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
2 New England, Croft Bank, Croft, SKEGNESS 61 91 75 m² England and Wales: 1930-1949 Terraced
3 New England, Croft Bank, Croft, SKEGNESS 64 91 73 m² England and Wales: 1900-1929 Terraced
4 New England, Croft Bank, Croft, SKEGNESS 48 80 96 m² England and Wales: before 1900 Terraced
6 New England, Croft Bank, Croft, SKEGNESS 16 89 112 m² England and Wales: 1930-1949 Terraced
8 New England, Croft Bank, Croft, SKEGNESS 59 84 91 m² England and Wales: 1900-1929 Terraced
Glenholme, Croft Bank, Croft, SKEGNESS 61 82 84 m² England and Wales: 1930-1949 Detached
Hidden Garden Cottage, New England, Croft Bank, Croft, SKEGNESS 74 80 99 m² England and Wales: 2012 onwards Detached
Hidden Garden Cottage, New England, Croft Bank, Croft, SKEGNESS 73 73 111 m² Detached
THE BIRCHES, CROFT BANK, CROFT, SKEGNESS 66 78 104 m² England and Wales: 1996-2002 Detached

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC

EPC

Price history

5% since 2005

Event Date Price % change
Sold 23/11/2018 (7 years ago) £155,000 +4.6%
Sold 27/10/2005 (20 years ago) £148,250

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

Sold Comparables

Sold comparables data is not available for this property.

Capital growth trend

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

5y growth 12.7%

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

1y (index) 2.2%
5y (index) 17%
10y (index) 45.2%

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: £598/mo (Apr 2025 – Mar 2026)

Location

Address

A52 Business Park, Croft, Wainfleet St Mary, East Lindsey, Lincolnshire, Greater Lincolnshire, England, PE24 4AN, United Kingdom

Nearby

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

Type Name Distance
Bus stop Council Houses 0.1 miles
Shop The Hair Health & Beauty Centre 0.4 miles
Shop The Coach House 0.4 miles
Train station Wainfleet 0.6 miles
Train station Havenhouse 1.2 miles
Hospital Skegness Hospital 4.3 miles

Street-level crime

Category Count
Total incidents 0

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
The Wainfleet Magdalen Church of England/Methodist School Primary 0.5 miles Good — 2 Mar 2017
The St Peter and St Paul C of E Primary School Primary 3.5 miles Good — 19 May 2022
Friskney All Saints Church of England Primary School Primary 3.7 miles Good — 24 Sep 2024

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, Carr Lane, PE24 £1,000/mo 3 0.52 miles OpenRent
3 Bed Semi-Detached House, High Street, PE24 £1,000/mo 3 0.55 miles OpenRent

Average rent: £1,000/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.63%
Max investor price (0.8%) £125,000
Target investor price (1%) £100,000
Gross yield 7.5%
Cost-to-rent ratio 13.3×
Monthly cashflow £245/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 6.3%
  • 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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