Wainfleet Bank on the map
Location in LincolnshireWainfleet Bank sits where the marker shows within the county.
About Wainfleet Bank
Wainfleet Bank is a small village located in Lincolnshire, England, within the PE24 postcode area. It is situated near the River Steeping, which adds to the area's natural landscape. The village is primarily residential, with a few local amenities catering to the needs of its inhabitants.
The surrounding countryside offers opportunities for walking and enjoying the outdoors. Wainfleet Bank is conveniently located near the town of Wainfleet All Saints, where visitors can find additional services and attractions. The village's proximity to the coast also makes it accessible for those wishing to explore the nearby seaside towns.
School Ratings in Wainfleet Bank
Wainfleet Bank is served by 6 schools. A further 5 schools hold a Good rating.
House Prices in Wainfleet Bank
Property prices average £203K across the area, and detached homes are the most common property type, typically selling for £229K.
Deprivation and Employment in Wainfleet Bank
Based on the 2025 Index of Multiple Deprivation, Wainfleet Bank is among the more deprived areas nationally. The area sees higher levels of employment deprivation, with more residents excluded from the labour market. Income levels locally sit close to the national average.
Local Data for Wainfleet Bank
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Property Prices 2,028 sales
Schools & Education 6 nearby View all schools
Ofsted ratings for schools in the PE24 postcode area.
Household Income in Wainfleet Bank ONS 2023
The average total household income in Wainfleet Bank is approximately £35,816 a year before tax, 35% below the national average of £55,302. After tax and benefits, the average disposable (net) household income is around £27,996. These are modelled estimates from the Office for National Statistics for the financial year ending 2023.
Net (after tax) household income averages £27,996.
Businesses in Wainfleet Bank ONS 2025
There are approximately 491 active businesses based in Wainfleet Bank, around 43 for every 1,000 residents. The local economy is dominated by small firms: about 90% are micro-businesses employing fewer than 10 people, while 6 are larger employers with 50 or more staff. Figures are from the Office for National Statistics UK Business Counts.
Deprivation and Employment in Wainfleet Bank IMD 2025
The 2025 Index of Multiple Deprivation identifies Wainfleet Bank as one of the more deprived areas nationally. Residents face greater challenges around employment and income, though ongoing investment in infrastructure and services is helping to address these issues over time.
Nearest Train Stations 3 stations
Location
Nearby Towns & Villages 12 found
Local Government
Home Ownership in Wainfleet Bank
Of the 5,287 households in and around Wainfleet Bank, 70% are owned, 9% are socially rented and 21% are privately rented. Home ownership here is higher than the England and Wales average of 63%.
Tenure from the 2021 Census (ONS), for the postcode districts covering Wainfleet Bank.