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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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According to the public record, 1, Rectory Close, Market Rasen is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,145 ft2 of internal area and sits on a 405 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Rectory Close, Market Rasen is £264,216 and the estimated rental value is £1,080 per month.
Rectory Close, Binbrook, Market Rasen, LN8 is located in the borough of East Lindsey within the LN8 postal district.
1, Rectory Close, Market Rasen has a single entry in the Land Registry 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 1, Rectory Close, Market Rasen is in very good condition we estimate a sale value of £277,427 and a rental value of £1,134 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,721 and a rental value of £1,004 per month.
Over the last 12 months the sale value of 1 Rectory Close Market Rasen has decreased by an estimated £4,557 (1.7%) and its rental value has increased by an estimated £39 per month (3.6%), giving an expected gross yield of 4.9%.
According to data from HM Land Registry, 1, Rectory Close, Market Rasen sits on a plot of 405m2.
We have plot size data on 10 out of 11 other houses in the postcode and 1, Rectory Close, Market Rasen sits on the 9th largest plot.
According to HM Land Registry, 1, Rectory Close, Market Rasen was last sold on 11th June 2008 for £163,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2008, the market for similar properties has risen 41.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Rectory Close, Market Rasen within a radius of 7.9 kilometres over the last 2 years.
The most recent example is 7, Rectory Close, Market Rasen, LN8 6EA, a freehold house which sold for £270,000 on the 4th October 2023.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Close, Binbrook, Market Rasen, LN8 has a total of 11 addresses. According to our analysis of all the public data, 1, Rectory Close, Market Rasen is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in LN8.
The closest station to 1, Rectory Close, Market Rasen is Market Rasen station which is 11.9 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 1, Rectory Close, Market Rasen, 52.5% of property is privately owned outright and 23.7% is privately owned with a mortgage.
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, Rectory Close, Market Rasen, 6.5% of residents are recorded as possessing school level qualifications and 27.0% 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, Rectory Close, Market Rasen, the average age was 48.1 and the most common age was 72.
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, Rectory Close, Market Rasen, 0.0% 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, Rectory Close, Market Rasen, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
