1, Hoe Drive
1, Hoe Drive
Description & Estimates
1, Hoe Drive, Market Rasen is recorded publicly as a modern freehold house across 764 ft2 of internal area, sitting on a 161 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 1, Hoe Drive, Market Rasen is £142,016 and its rental estimate is £814 per month, given the available information and assuming reasonable condition.
Hoe Drive, Market Rasen, LN8 falls within the LN8 postal district, in the borough of West Lindsey.
Our Data Sources
1, Hoe Drive, Market Rasen has 21 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated March 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Hoe Drive, Market Rasen, we estimate a market value of £149,117 and a rental value of £855 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £132,075 and £757 per month respectively.
Recent Market Change
Over the last year, 1, Hoe Drive, Market Rasen has seen its estimated sale value decrease by £2,431 (1.7%) and its estimated rental value grow by £36 per month (4.4%). This results in an estimated gross rental yield of 6.9%.
Plot Size
HM Land Registry records the plot of land for 1, Hoe Drive, Market Rasen as measuring 161 m2.
That makes it the 6th largest plot in the postcode, where 11 of the 15 other houses have recorded plot data.
Energy Efficiency
1, Hoe Drive, Market Rasen has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Hoe Drive, Market Rasen completed on 3rd November 2022 at £155,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 7.9% over the period since November 2022.
- Sold Nov 2022£155,000
- Sold Aug 2005£100,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Hoe Drive, Market Rasen have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th July 2024, was 15, Lancaster Drive, Market Rasen, LN8 3GX, a freehold house which sold for £152,000.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 15 addresses on Hoe Drive, Market Rasen, LN8, 1, Hoe Drive, Market Rasen comes out as the 6th largest and the 11th most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the LN8 district.
More reading links
Schools Nearby
- 800mThe Market Rasen Church of England Primary School
- 2.1kmThe Middle Rasen Primary School
- 4.6kmOsgodby Primary School
- 1.0kmDe Aston School
- 11.7kmCaistor Grammar School
- 11.9kmCaistor Yarborough Academy
More reading links
Public Transport Nearby
From 1, Hoe Drive, Market Rasen, the nearest station is Market Rasen, 800 metres away.
- 800mMarket Rasen
- 20.1kmKirton Lindsey
- 20.2kmBrigg
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
