According to the public record, 9, Jasmine Way, Market Rasen is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,245 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Jasmine Way, Wragby, Market Rasen, LN8 is located in the borough of East Lindsey within the LN8 postal district.
9, Jasmine Way, Market Rasen has a single entry in the Land Registry database from April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 9 Jasmine Way Market Rasen as £246,402 and the rental value as £1,022 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 9 Jasmine Way Market Rasen has increased by £1,963 (0.8%) and its rental value has increased by £8 per month (0.8%).
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 9, Jasmine Way, Market Rasen is in very good condition we estimate a sale value of £258,722 and rental value of £1,073 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,154 and a rental value of £950 per month.
If you were able to purchase this property for the estimated value of £246,402, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,211 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 HM Land Registry, 9, Jasmine Way, Market Rasen was last sold on 27 Apr 2007 for £172,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 53.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Jasmine Way, Market Rasen within a radius of 73m over the last 2 years.
The most recent example is Albany House, Honeysuckle Lane, Market Rasen, LN8 5AL, a Freehold house which sold for £222,500 in Aug 2021.
Read more about house prices in LN8.
Jasmine Way, Wragby, Market Rasen, LN8 has a total of 9 addresses. According to our analysis of all the public data, 9, Jasmine Way, Market Rasen is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in LN8.
The closest station to 9, Jasmine Way, Market Rasen is Market Rasen station which is 11.2 km 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 9, Jasmine Way, Market Rasen, 69.9% of property is privately owned outright and 20.6% 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 9, Jasmine Way, Market Rasen, 5.5% of residents are recorded as possessing school level qualifications and 23.6% 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 9, Jasmine Way, Market Rasen, the average age was 49.5 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 9, Jasmine Way, Market Rasen, 2.0% 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 9, Jasmine Way, Market Rasen, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.