According to the public record, West View, Market Rasen is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,431 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Private Lane, Normanby-By-Spital, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
West View, Market Rasen has a single entry in the Land Registry database from June 2008 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 West View Market Rasen as £304,919 and the rental value as £1,127 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of West View Market Rasen has decreased by £221 (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 West View, Market Rasen is in very good condition we estimate a sale value of £320,165 and rental value of £1,183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,575 and a rental value of £1,048 per month.
If you were able to purchase this property for the estimated value of £304,919, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,499 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, West View, Market Rasen was last sold on 02 Jun 2008 for £205,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2008, the market for similar properties has risen 55.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to West View, Market Rasen within a radius of 7.1 kilometres over the last 2 years.
The most recent example is The Dell, Private Lane, Market Rasen, LN8 2HF, a Freehold house which sold for £305,000 in Feb 2023.
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, West View, Market Rasen is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in LN8.
The closest station to West View, 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 West View, 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 West View, 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 West View, 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 West View, 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 West View, 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.