# 3 bedroom end of terrace house for sale (PE24 4AN) ## Property Details | Key | Value | |-----|-------| | Address | CORNER COTTAGE 4, NEW ENGLAND, CROFT BANK, SKEGNESS, CROFT, LINCOLNSHIRE PE24 4AN | | Price | £159,950 | | Bedrooms | 3 | | Bathrooms | 2 | | Last sold | £155,000 Nov 2018 | ## 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) ## Property Photos - ![Main Picture](/listings/photos/67053952/1214156) - Main Picture - ![Conservatory](/listings/photos/67053952/1214157) - Conservatory - ![Kitchen](/listings/photos/67053952/1214158) - Kitchen - ![Dining Room](/listings/photos/67053952/1214160) - Dining Room - ![Lounge](/listings/photos/67053952/1214161) - Lounge - ![Bedroom Three](/listings/photos/67053952/1214163) - Bedroom Three - ![En-suite](/listings/photos/67053952/1214166) - En-suite - ![Bedroom One](/listings/photos/67053952/1214168) - Bedroom One - ![Bedroom Two](/listings/photos/67053952/1214170) - Bedroom Two - ![Shower Room](/listings/photos/67053952/1214172) - Shower Room - ![Outside](/listings/photos/67053952/1214174) - Outside - ![Outside](/listings/photos/67053952/1214176) - Outside - ![Kitchen](/listings/photos/67053952/1214178) - Kitchen - ![Kitchen](/listings/photos/67053952/1214180) - Kitchen - ![Dining Room/Lounge](/listings/photos/67053952/1214182) - Dining Room/Lounge - ![Dining Room/Lounge](/listings/photos/67053952/1214183) - Dining Room/Lounge - ![Lounge](/listings/photos/67053952/1214185) - Lounge - ![Bedroom One](/listings/photos/67053952/1214186) - Bedroom One ## Floorplans - ![Floorplan 1](/listings/photos/67053952/1214188) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/67053952/1214190) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | NEW ENGLAND CORNER COTTAGE 4 CROFT BANK, CROFT, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AN | £155,000 | 23/11/2018 | Detached | | NEW ENGLAND CORNER COTTAGE 4 CROFT BANK, CROFT, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AN | £148,250 | 27/10/2005 | Detached | ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £118,900 (5 Terraced, PE24, 2024–2026) - **Deviation:** +34.5% ## 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):** £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, 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)** ## 1% Rule - **Rent ratio:** 0.63% (weak for cashflow) - **Max investor price (0.8%):** £125,000 - **Target investor price (1%):** £100,000 *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 £1,000/mo).* - **Gross yield:** 7.5% - **Cost-to-rent:** 13.3× - **Monthly cashflow:** £245/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 6.3% *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:** 12.7% ## House Price Index (HM Land Registry) *Official index for East Lindsey; Terraced series; as of April 2026.* - **1y growth (index):** 2.2% - **5y growth (index):** 17% - **10y growth (index):** 45.2% ## 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)