According to the public record, Southville, Market Rasen is a period house with 1,388 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Church Lane, Owmby-By-Spital, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
Southville, Market Rasen has no records in the Land Registry database and a single entry in the EPC database dated June 2020.
We combine this information with public data 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 Southville Market Rasen as £446,844 and the rental value as £1,319 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of Southville Market Rasen has decreased by £324 (0.1%) and its rental value has increased by £11 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 Southville, Market Rasen is in very good condition we estimate a sale value of £469,186 and rental value of £1,385 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £415,565 and a rental value of £1,226 per month.
If you were able to purchase this property for the estimated value of £446,844, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,196 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Southville, Market Rasen within a radius of 6.7 kilometres over the last 2 years.
The most recent example is 12 Cliff Farm Cottages, Market Rasen, LN8 2AD, a Freehold house which sold for £220,000 in Apr 2023.
Read more about house prices in LN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Church Lane, Owmby-By-Spital, Market Rasen, LN8 has a total of 23 addresses. According to our analysis of all the public data, Southville, Market Rasen is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in LN8.
Southville, Market Rasen has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 10 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, wood pellets.
The closest station to Southville, Market Rasen is Market Rasen station which is 10.7 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 Southville, Market Rasen, 39.5% of property is privately owned outright and 29.3% 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 Southville, Market Rasen, 15.1% of residents are recorded as possessing school level qualifications and 34.6% 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 Southville, 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 Southville, Market Rasen, 0.3% 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 Southville, 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.