Key indicators for buyers
The PE24 market is moderately favourable for buyers. Prices are rising at 9.4%, which may favour acting sooner rather than later. Affordability has improved from a peak of 8.2x in 2007 to 7.0x today. Rising rents (£669/mo, +2.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider East Lindsey area
A home in East Lindsey costs 7.0x the local median salary — moderate, improving from a peak of 8.2x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider East Lindsey area
Average monthly rent in East Lindsey is £669, up 2.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average East Lindsey price of £230,167 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £908 per month.
Monthly cost comparison based on current data
Uses PE24 avg. price with East Lindsey rental data
Monthly mortgage payments (£908) are £239 more than renting (£669). However, buying requires an upfront deposit of £58k — it would take around 16 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
THE MENDED DRUM, DOVECOTE FARM, WAINFLEET ST MARY PE24 4AG | Detached | £185,000 | 29 Jan 2026 |
23, DAWSON DRIVE, BURGH LE MARSH PE24 5NA | Semi-detached | £175,000 | 14 Jan 2026 |
ASH HOUSE, SEA ROAD, ANDERBY PE24 5YD | Detached | £273,000 | 8 Jan 2026 |
23, MILL LANE, HOGSTHORPE PE24 5NF | Detached | £220,000 | 8 Jan 2026 |
SALEM, VICARAGE LANE, WAINFLEET ST MARY PE24 4JJ | Detached | £290,000 | 7 Jan 2026 |
44, HOLDEN DRIVE, BURGH LE MARSH PE24 5LZ | Detached | £238,000 | 5 Jan 2026 |
3, ST PETERS CLOSE, BURGH LE MARSH PE24 5EH |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PE24 sold for £230,167 in 2026, with a median of £229,000 across 6 transactions. Prices rose 9.4% compared to the previous year.
| Semi-detached |
| £190,000 |
| 19 Dec 2025 |
3, ALLEN CLOSE, CHAPEL ST LEONARDS PE24 5WJ | Semi-detached | £168,000 | 19 Dec 2025 |
29, ANDERBY ROAD, CHAPEL ST LEONARDS PE24 5XA | Detached | £288,000 | 19 Dec 2025 |
7, LINDUM GROVE, CHAPEL ST LEONARDS PE24 5TF | Semi-detached | £135,000 | 19 Dec 2025 |
16, CHURCH FARM CLOSE, CHAPEL ST LEONARDS PE24 5SQ | Detached | £200,000 | 18 Dec 2025 |
BELVERDENE, SANDY LANE, ANDERBY CREEK PE24 5XX | Detached | £660,000 | 18 Dec 2025 |
19, BARKHAM STREET, WAINFLEET PE24 4DQ | Terraced | £190,000 | 16 Dec 2025 |
23, SOUTH ROAD, CHAPEL ST LEONARDS PE24 5TL | Detached | £167,500 | 11 Dec 2025 |
TUDOR COTTAGE, CULVERT ROAD, WAINFLEET PE24 4NJ | Detached | £255,000 | 10 Dec 2025 |
15, ELM CRESCENT, BURGH LE MARSH PE24 5EG | Detached | £230,000 | 9 Dec 2025 |
9, FOUNDRY MEWS, BURGH LE MARSH PE24 5HQ | Semi-detached | £200,000 | 5 Dec 2025 |
8, MAGDALEN ROAD, WAINFLEET PE24 4DE | Detached | £164,000 | 28 Nov 2025 |
27, DAWSON DRIVE, BURGH LE MARSH PE24 5NA | Semi-detached | £185,000 | 28 Nov 2025 |
SOUTH LODGE, 37, SOUTH ROAD, CHAPEL ST LEONARDS PE24 5TL | Detached | £282,500 | 27 Nov 2025 |
The most recent recorded sale in PE24 was a detached property for £185,000 in January 2026. Across the last 20 sales, the median price was £200,000.