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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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1, Mill Road, Market Rasen is recorded publicly as a mid-century freehold house across 1,356 ft2 of internal area, sitting on a 877 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Mill Road, Market Rasen is £257,238 and its rental estimate is £1,164 per month, given the available information and assuming reasonable condition.
Mill Road, Market Rasen, LN8 falls within the LN8 postal district, in the borough of West Lindsey.
1, Mill Road, Market Rasen has 2 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated September 2022.
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.
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, Mill Road, Market Rasen, we estimate a market value of £270,100 and a rental value of £1,222 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £239,231 and £1,082 per month respectively.
Over the last year, 1, Mill Road, Market Rasen has seen its estimated sale value fall by £7,790 (3.0%) and its estimated rental value move up by £31 per month (2.7%). This results in an estimated gross rental yield of 5.4%.
HM Land Registry records the plot of land for 1, Mill Road, Market Rasen as measuring 877 m2.
That makes it the 2nd largest plot in the postcode, where 28 of the 52 other houses have recorded plot data.
1, Mill Road, Market Rasen has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Sep 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 1, Mill Road, Market Rasen completed on 30th June 2023 at £285,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 11.0% over the period since June 2023.
Over the past 2 years 3 properties similar to 1, Mill Road, Market Rasen have sold within a radius of 810 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th July 2023, was Hamilford, Lammas Leas Road, Market Rasen, LN8 3AP, a freehold house which sold for £175,000.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 54 addresses on Mill Road, Market Rasen, LN8, 1, Mill Road, Market Rasen comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £2k less expensive than the average property across the LN8 district.
From 1, Mill Road, Market Rasen, the nearest station is Market Rasen, 200 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Mill Road, Market Rasen, 42.1% of property is socially rented and 25.7% is privately owned outright.
The graph below shows how this compares to East Midlands 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 1, Mill Road, Market Rasen, 9.7% of residents are recorded as possessing school level qualifications and 22.1% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Mill Road, Market Rasen, the average age was 47 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 1, Mill Road, Market Rasen, 0.9% 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 1, Mill Road, Market Rasen, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
