1, Lapstone Close
1, Lapstone Close
Description & Estimates
1, Lapstone Close, Market Rasen is recorded publicly as a modern freehold house across 1,410 ft2 of internal area, sitting on a 341 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Lapstone Close, Market Rasen is £359,874 and its rental estimate is £1,264 per month, given the available information and assuming reasonable condition.
Lapstone Close, Nettleton, Market Rasen, LN7 falls within the LN7 postal district, in the borough of West Lindsey.
Our Data Sources
1, Lapstone Close, Market Rasen has a single entry in the Land Registry from December 2020 and a single entry in the EPC database dated May 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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, Lapstone Close, Market Rasen, we estimate a market value of £377,867 and a rental value of £1,327 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £334,682 and £1,175 per month respectively.
Recent Market Change
Over the last year, 1, Lapstone Close, Market Rasen has seen its estimated sale value move down by £10,898 (3.0%) and its estimated rental value increase by £34 per month (2.7%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for 1, Lapstone Close, Market Rasen as measuring 341 m2.
That makes it the 5th largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
1, Lapstone Close, Market Rasen has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 May 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Lapstone Close, Market Rasen completed on 16th December 2020 at £335,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 10.4% over the period since December 2020.
- Sold Dec 2020£335,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Lapstone Close, Market Rasen have sold within a radius of 3.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th September 2023, was 7, Wood Farm Close, Market Rasen, LN7 6AS, a freehold house which sold for £292,500.
Read more about house prices in LN7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 5 addresses on Lapstone Close, Nettleton, Market Rasen, LN7, 1, Lapstone Close, Market Rasen comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £100k more expensive than the average property across the LN7 district.
More reading links
Schools Nearby
- 200mNettleton Community Primary School
- 1.3kmCaistor CofE and Methodist Primary School
- 5.0kmGrasby All Saints Church of England Primary School
- 1.3kmCaistor Grammar School
- 1.8kmCaistor Yarborough Academy
- 11.6kmDe Aston School
More reading links
Public Transport Nearby
From 1, Lapstone Close, Market Rasen, the nearest station is Barnetby, 10.9 kilometres away.
- 10.9kmBarnetby
- 11.5kmMarket Rasen
- 12.2kmBrigg
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
