According to the public record, 4, Orchard Way, Market Rasen is a mid-century freehold house and with 656 ft2 of internal area and sits on a 280 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Orchard Way, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
4, Orchard Way, Market Rasen has 21 entries in the Land Registry database, most recently in November 2022 and no records in the EPC database.
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 4 Orchard Way Market Rasen as £177,768 and the rental value as £789 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 4 Orchard Way Market Rasen has increased by £6,563 (3.7%) and its rental value has increased by £32 per month (4.1%).
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 4, Orchard Way, Market Rasen is in very good condition we estimate a sale value of £186,656 and rental value of £828 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,324 and a rental value of £734 per month.
If you were able to purchase this property for the estimated value of £177,768, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £874 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, 4, Orchard Way, Market Rasen sits on a plot of 280m2.
We have plot size data on 6 out of 12 other houses in the postcode and 4, Orchard Way, Market Rasen sits on the 6th largest plot.
According to HM Land Registry, 4, Orchard Way, Market Rasen was last sold on 04 Nov 2022 for £245,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Orchard Way, Market Rasen within a radius of 71m over the last 2 years.
The most recent example is 8, Orchard Way, Market Rasen, LN8 3HE, a Freehold house which sold for £150,000 in Jun 2024.
Read more about house prices in LN8.
Orchard Way, Market Rasen, LN8 has a total of 12 addresses. According to our analysis of all the public data, 4, Orchard Way, Market Rasen is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in LN8.
4, Orchard Way, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 4, Orchard Way, Market Rasen is Market Rasen station which is 500 m 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 4, Orchard Way, Market Rasen, 41.8% of property is privately rented and 32.0% is privately owned outright.
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 4, Orchard Way, Market Rasen, 11.2% of residents are recorded as possessing school level qualifications and 23.9% 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 4, Orchard Way, Market Rasen, the average age was 47 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 4, Orchard Way, Market Rasen, 0.0% 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 4, Orchard Way, Market Rasen, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.