According to the public record, 12, Fen Road, Market Rasen is a mid-century freehold house with 1,097 ft2 of internal area and sits on a 758 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fen Road, Owmby-By-Spital, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
12, Fen Road, Market Rasen has 21 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated July 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Fen Road Market Rasen as £315,893 and the rental value as £1,020 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 12 Fen Road Market Rasen has increased by £3,222 (1.0%) and its rental value has increased by £20 per month (2.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 12, Fen Road, Market Rasen is in very good condition we estimate a sale value of £331,688 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,781 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £315,893, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,553 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 12, Fen Road, Market Rasen sits on a plot of 758m2.
We have plot size data on 23 out of 36 other houses in the postcode and 12, Fen Road, Market Rasen sits on the 9th largest plot.
According to HM Land Registry, 12, Fen Road, Market Rasen was last sold on 07 Oct 2016 for £195,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2016, the market for similar properties has risen 35.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Fen Road, Market Rasen within a radius of 6.7 kilometres over the last 2 years.
The most recent example is 7, Fen Road, Market Rasen, LN8 2HP, a Freehold house which sold for £147,000 in Jan 2023.
Read more about house prices in LN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fen Road, Owmby-By-Spital, Market Rasen, LN8 has a total of 39 addresses. According to our analysis of all the public data, 12, Fen Road, Market Rasen is the 26th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £60k more expensive than the average property in LN8.
12, Fen Road, Market Rasen has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Jul 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 12, Fen Road, Market Rasen is Market Rasen station which is 10.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Fen Road, Market Rasen, 39.5% of property is privately owned outright and 29.3% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Fen Road, Market Rasen, 15.1% of residents are recorded as possessing school level qualifications and 34.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Fen Road, Market Rasen, the average age was 46.3 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Fen Road, Market Rasen, 0.3% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Fen Road, Market Rasen, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.