17, Wells Drive
17, Wells Drive
Description & Estimates
17, Wells Drive, Market Rasen is recorded publicly as a modern freehold house across 1,044 ft2 of internal area, sitting on a 561 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 17, Wells Drive, Market Rasen is £248,892 and its rental estimate is £1,065 per month, given the available information and assuming reasonable condition.
Wells Drive, Market Rasen, LN8 falls within the LN8 postal district, in the borough of West Lindsey.
Our Data Sources
17, Wells Drive, Market Rasen has 51 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated May 2023.
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
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 17, Wells Drive, Market Rasen, we estimate a market value of £261,337 and a rental value of £1,118 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £231,470 and £990 per month respectively.
Recent Market Change
Over the last year, 17, Wells Drive, Market Rasen has seen its estimated sale value fall by £4,261 (1.7%) and its estimated rental value move up by £46 per month (4.4%). This results in an estimated gross rental yield of 5.1%.
Plot Size
HM Land Registry records the plot of land for 17, Wells Drive, Market Rasen as measuring 561 m2.
That makes it the 6th largest plot in the postcode, where all 21 other houses have recorded plot data.
Energy Efficiency
17, Wells Drive, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 May 2023.
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 17, Wells Drive, Market Rasen completed on 31st October 2023 at £270,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 5 times.
Values of comparable properties have dropped by 13.1% over the period since October 2023.
- Sold Oct 2023£270,000
- Sold Sep 2015£210,000
- Sold Nov 2013£155,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 17, Wells Drive, Market Rasen have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th September 2024, was 4, Wells Drive, Market Rasen, LN8 3EF, a freehold house which sold for £247,500.
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
Of the 21 addresses on Wells Drive, Market Rasen, LN8, 17, Wells Drive, Market Rasen comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £10k less expensive than the average property across the LN8 district.
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
From 17, Wells Drive, Market Rasen, the nearest station is Market Rasen, 800 metres away.
- 800mMarket Rasen
- 21.1kmKirton Lindsey
- 21.5kmBrigg
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.
