2, Chestnut Way
2, Chestnut Way
Description & Estimates
According to the public record, 2, Chestnut Way, Market Rasen is a modern freehold house with 645 ft2 of internal area and sits on a 389 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Chestnut Way, Market Rasen is £198,357 and the estimated rental value is £885 per month.
Chestnut Way, Binbrook, Market Rasen, LN8 is located in the borough of East Lindsey within the LN8 postal district.
Our Data Sources
2, Chestnut Way, Market Rasen has 21 entries in the Land Registry , most recently in June 2014 and a single entry in the EPC database dated February 2014.
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
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 2, Chestnut Way, Market Rasen is in very good condition we estimate a sale value of £208,275 and a rental value of £929 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,472 and a rental value of £823 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Chestnut Way, Market Rasen has moved down by £3,396 (1.7%), while its estimated rental value has increased by £39 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 5.4%.
Plot Size
According to data from HM Land Registry, 2, Chestnut Way, Market Rasen sits on a plot of 389 m2.
We have plot size data on 5 out of 5 other houses in the postcode and 2, Chestnut Way, Market Rasen sits on the 3rd largest plot.
Energy Efficiency
2, Chestnut Way, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Chestnut Way, Market Rasen was last sold on 13th June 2014 for £122,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since June 2014, the market for similar properties has risen by 51.5%.
- Sold Jun 2014£122,500
- Sold Aug 1999£53,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Chestnut Way, Market Rasen within a radius of 7.9 kilometres over the last 2 years.
The most recent example is 1, Chestnut Way, Market Rasen, LN8 6DD, a freehold house which sold for £179,000 on the 22nd September 2021.
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
Chestnut Way, Binbrook, Market Rasen, LN8 has a total of 5 addresses. According to our analysis of all the public data, 2, Chestnut Way, Market Rasen is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in LN8.
More reading links
Schools Nearby
- 500mBinbrook CofE Primary School
- 6.1kmEast Ravendale CofE Primary School Academy
- 6.5kmTealby School
- 11.2kmDe Aston School
- 11.7kmCaistor Yarborough Academy
- 11.9kmWaltham Toll Bar Academy
More reading links
Public Transport Nearby
The closest station to 2, Chestnut Way, Market Rasen is Market Rasen station, which is 11.9 kilometres away.
- 11.9kmMarket Rasen
- 16.0kmGrimsby Town
- 16.5kmGreat Coates
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
