16, Wells Drive
16, Wells Drive
Description & Estimates
Public records show 16, Wells Drive, Market Rasen to be a modern freehold house with 656 ft2 of internal area, sitting on a 505 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
16, Wells Drive, Market Rasen has an estimated sale value of £196,037 and an estimated rental value of £896 per month, assuming reasonable condition and based on the information available.
Wells Drive, Market Rasen, LN8 lies in the borough of West Lindsey, within the LN8 postal district.
Our Data Sources
16, Wells Drive, Market Rasen has a single entry in the Land Registry from March 2023 and a single entry in the EPC database dated December 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 16, Wells Drive, Market Rasen would be worth £205,839, with a potential rental value of £941 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £182,315, with a rental value of £834 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Wells Drive, Market Rasen has fallen by £3,356 (1.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £39 (4.4%). The property's estimated gross yield is currently 5.5%.
Plot Size
16, Wells Drive, Market Rasen occupies a 505 m2 plot as recorded by HM Land Registry.
All 21 other houses in this postcode have recorded plot sizes, and this one ranks as the 12th largest.
Energy Efficiency
16, Wells Drive, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Dec 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
16, Wells Drive, Market Rasen last changed hands on 3rd March 2023, selling for £183,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 14.8% since March 2023.
- Sold Mar 2023£183,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.1 kilometres of 16, Wells Drive, Market Rasen across the last 2 years.
Most recently, 22, The Ridings, Market Rasen, LN8 3EE, a freehold house, sold at £215,000 on the 4th November 2022.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 16, Wells Drive, Market Rasen as the 20th largest and the 20th most expensive of the 21 addresses on Wells Drive, Market Rasen, LN8.
Against the LN8 postcode district average, it is £63k less expensive than the typical property.
More reading links
Schools Nearby
- 1.0kmThe Market Rasen Church of England Primary School
- 2.8kmThe Middle Rasen Primary School
- 3.6kmLegsby Primary School
- 400mDe Aston School
- 12.9kmCaistor Grammar School
- 13.1kmCaistor Yarborough Academy
More reading links
Public Transport Nearby
Market Rasen station is the nearest stop to 16, Wells Drive, Market Rasen at 800 metres away.
- 800mMarket Rasen
- 21.1kmKirton Lindsey
- 21.5kmBrigg
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
