According to the public record, Pear Tree Cottage, Market Rasen is a modern freehold house and with 1,560 ft2 of internal area and sits on a 700 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Church Lane, Benniworth, Market Rasen, LN8 is located in the borough of East Lindsey within the LN8 postal district.
Pear Tree Cottage, Market Rasen has 2 entries in the Land Registry database, most recently in January 2024 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 Pear Tree Cottage Market Rasen as £388,918 and the rental value as £1,209 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of Pear Tree Cottage Market Rasen has decreased by £1,148 (0.3%) and its rental value has increased by £8 per month (0.7%).
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 Pear Tree Cottage, Market Rasen is in very good condition we estimate a sale value of £408,364 and rental value of £1,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £361,694 and a rental value of £1,124 per month.
If you were able to purchase this property for the estimated value of £388,918, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,911 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, Pear Tree Cottage, Market Rasen sits on a plot of 700m2.
We have plot size data on 6 out of 12 other houses in the postcode and Pear Tree Cottage, Market Rasen sits on the 5th largest plot.
According to HM Land Registry, Pear Tree Cottage, Market Rasen was last sold on 23 Jan 2024 for £395,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2024, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Pear Tree Cottage, Market Rasen within a radius of 357m over the last 2 years.
The most recent example is Hawthorne House, Meadow Lane, Market Rasen, LN8 6JJ, a Freehold house which sold for £330,000 in Jan 2017.
Read more about house prices in LN8.
Church Lane, Benniworth, Market Rasen, LN8 has a total of 12 addresses. According to our analysis of all the public data, Pear Tree Cottage, Market Rasen is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £133k more expensive than the average property in LN8.
Pear Tree Cottage, Market Rasen has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Aug 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and underfloor heating.
The closest station to Pear Tree Cottage, Market Rasen is Market Rasen station which is 12.2 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 Pear Tree Cottage, Market Rasen, 61.2% of property is privately owned outright and 18.8% 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 Pear Tree Cottage, Market Rasen, 10.3% of residents are recorded as possessing school level qualifications and 34.3% 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 Pear Tree Cottage, 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 Pear Tree Cottage, Market Rasen, 1.0% 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 Pear Tree Cottage, Market Rasen, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.