According to the public record, Cherry Cottage, Market Rasen is a mid-century freehold house and with 2,077 ft2 of internal area and sits on a 1,159 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Rasen Road, Tealby, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
Cherry Cottage, Market Rasen has 3 entries in the Land Registry database, most recently in March 2021 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 Cherry Cottage Market Rasen as £535,584 and the rental value as £1,623 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of Cherry Cottage Market Rasen has decreased by £383 (0.1%) and its rental value has increased by £9 per month (0.5%).
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 Cherry Cottage, Market Rasen is in very good condition we estimate a sale value of £562,363 and rental value of £1,705 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £498,093 and a rental value of £1,510 per month.
If you were able to purchase this property for the estimated value of £535,584, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,632 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, Cherry Cottage, Market Rasen sits on a plot of 1159m2.
We have plot size data on 37 out of 53 other houses in the postcode and Cherry Cottage, Market Rasen sits on the 20th largest plot.
According to HM Land Registry, Cherry Cottage, Market Rasen was last sold on 24 Mar 2021 for £450,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Cherry Cottage, Market Rasen within a radius of 745m over the last 2 years.
The most recent example is 10, Rasen Road, Market Rasen, LN8 3XL, a Freehold house which sold for £600,000 in May 2023.
Read more about house prices in LN8.
Rasen Road, Tealby, Market Rasen, LN8 has a total of 69 addresses. According to our analysis of all the public data, Cherry Cottage, Market Rasen is the 18th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £280k more expensive than the average property in LN8.
Cherry Cottage, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Feb 2019.
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 Cherry Cottage, Market Rasen is Market Rasen station which is 5.0 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 Cherry Cottage, Market Rasen, 58.7% of property is privately owned outright and 25.4% 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 Cherry Cottage, Market Rasen, 12.5% of residents are recorded as possessing school level qualifications and 43.9% 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 Cherry Cottage, 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 Cherry Cottage, Market Rasen, 1.4% 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 Cherry Cottage, Market Rasen, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.