3, Derby Close
3, Derby Close
Description & Estimates
Public records show 3, Derby Close, Market Rasen to be a modern freehold house with 1,033 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Derby Close, Market Rasen has an estimated sale value of £275,323 and an estimated rental value of £1,113 per month, assuming reasonable condition and based on the information available.
Derby Close, Market Rasen, LN8 lies in the borough of West Lindsey, within the LN8 postal district.
Our Data Sources
3, Derby Close, Market Rasen has a single entry in the Land Registry from March 2023 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 3, Derby Close, Market Rasen would be worth £289,089, with a potential rental value of £1,169 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £256,051, with a rental value of £1,035 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 3, Derby Close, Market Rasen has dropped by £4,713 (1.7%) over the last year. During the same period, its estimated monthly rental value has risen by £49 (4.4%). The property's estimated gross yield is currently 4.9%.
Energy Efficiency
3, Derby Close, Market Rasen has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Feb 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, Systems with radiators, electric.
Sold Prices
3, Derby Close, Market Rasen last changed hands on 31st March 2023, selling for £315,000. 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£315,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.1 kilometres of 3, Derby Close, Market Rasen across the last 2 years.
Most recently, 29, Derby Close, Market Rasen, LN8 3GB, a freehold house, sold at £240,000 on the 24th May 2024.
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 3, Derby Close, Market Rasen as the 7th largest and the 7th most expensive of the 21 addresses on Derby Close, Market Rasen, LN8.
Against the LN8 postcode district average, it is £16k more 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
- 500mDe Aston School
- 13.0kmCaistor Grammar School
- 13.2kmCaistor Yarborough Academy
More reading links
Public Transport Nearby
Market Rasen station is the nearest stop to 3, Derby Close, Market Rasen at 800 metres away.
- 800mMarket Rasen
- 21.1kmKirton Lindsey
- 21.6kmBrigg
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
