According to the public record, Ploughmans Rest, Market Rasen is a modern freehold house with 1,571 ft2 of internal area and sits on a 324 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Private Lane, Normanby-By-Spital, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
Ploughmans Rest, Market Rasen has 3 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated May 2014.
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 Ploughmans Rest Market Rasen as £319,937 and the rental value as £1,183 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Ploughmans Rest Market Rasen has decreased by £232 (0.1%) and its rental value has increased by £10 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 Ploughmans Rest, Market Rasen is in very good condition we estimate a sale value of £335,934 and rental value of £1,242 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £297,541 and a rental value of £1,100 per month.
If you were able to purchase this property for the estimated value of £319,937, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,572 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, Ploughmans Rest, Market Rasen sits on a plot of 324m2.
We have plot size data on 14 out of 24 other houses in the postcode and Ploughmans Rest, Market Rasen sits on the 9th largest plot.
According to HM Land Registry, Ploughmans Rest, Market Rasen was last sold on 15 Jun 2021 for £272,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ploughmans Rest, Market Rasen within a radius of 7.1 kilometres over the last 2 years.
The most recent example is Meadow View, Private Lane, Market Rasen, LN8 2HF, a Freehold house which sold for £375,000 in Aug 2022.
Read more about house prices in LN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Private Lane, Normanby-By-Spital, Market Rasen, LN8 has a total of 24 addresses. According to our analysis of all the public data, Ploughmans Rest, Market Rasen is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in LN8.
Ploughmans Rest, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 May 2014.
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 Ploughmans Rest, Market Rasen is Market Rasen station which is 10.3 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 Ploughmans Rest, Market Rasen, 45.1% of property is privately owned outright and 30.5% 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 Ploughmans Rest, Market Rasen, 14.4% of residents are recorded as possessing school level qualifications and 37.4% 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 Ploughmans Rest, 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 Ploughmans Rest, Market Rasen, 0.5% 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 Ploughmans Rest, 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.