2, Forest Way
2, Forest Way
Description & Estimates
2, Forest Way, Market Rasen is recorded publicly as a modern freehold house across 1,227 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Forest Way, Market Rasen is £336,347 and its rental estimate is £1,202 per month, given the available information and assuming reasonable condition.
Forest Way, Market Rasen, LN8 falls within the LN8 postal district, in the borough of West Lindsey.
Our Data Sources
2, Forest Way, Market Rasen has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated August 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 2, Forest Way, Market Rasen, we estimate a market value of £353,164 and a rental value of £1,262 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £312,803 and £1,117 per month respectively.
Recent Market Change
Over the last year, 2, Forest Way, Market Rasen has seen its estimated sale value fall by £5,758 (1.7%) and its estimated rental value move up by £52 per month (4.4%). This results in an estimated gross rental yield of 4.3%.
Energy Efficiency
2, Forest Way, Market Rasen has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 14 Aug 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
The most recent sale of 2, Forest Way, Market Rasen completed on 31st August 2023 at £295,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 13.3% over the period since August 2023.
- Sold Aug 2023£295,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Forest Way, Market Rasen have sold within a radius of 1.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th November 2023, was 4, Forest Way, Market Rasen, LN8 3ZH, a freehold house which sold for £300,000.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 21 addresses on Forest Way, Market Rasen, LN8, 2, Forest Way, Market Rasen comes out as the 14th largest and the 16th most expensive in our analysis of the public data.
It is also £77k more expensive than the average property across the LN8 district.
More reading links
Schools Nearby
- 1.6kmThe Market Rasen Church of England Primary School
- 3.4kmThe Middle Rasen Primary School
- 3.7kmLegsby Primary School
- 700mDe Aston School
- 12.4kmCaistor Grammar School
- 12.5kmCaistor Yarborough Academy
More reading links
Public Transport Nearby
From 2, Forest Way, Market Rasen, the nearest station is Market Rasen, 1.5 kilometres away.
- 1.5kmMarket Rasen
- 21.5kmBrigg
- 21.6kmKirton Lindsey
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
