5, Derby Close
5, Derby Close
Description & Estimates
According to the public record, 5, Derby Close, Market Rasen is a modern freehold house with 1,033 ft2 of internal area.
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 5, Derby Close, Market Rasen is £275,323 and the estimated rental value is £1,113 per month.
Derby Close, Market Rasen, LN8 is located in the borough of West Lindsey within the LN8 postal district.
Our Data Sources
5, Derby Close, Market Rasen has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated June 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
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 5, Derby Close, Market Rasen is in very good condition we estimate a sale value of £289,089 and a rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,051 and a rental value of £1,035 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Derby Close, Market Rasen has dropped by £4,713 (1.7%), while its estimated rental value has risen by £49 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 4.9%.
Energy Efficiency
5, Derby Close, Market Rasen has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Jun 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, radiators, electric.
Sold Prices
According to HM Land Registry, 5, Derby Close, Market Rasen was last sold on 28th July 2023 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2023, the market for similar properties has dropped by 13.4%.
- Sold Jul 2023£315,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Derby Close, Market Rasen within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 33, Derby Close, Market Rasen, LN8 3GB, a freehold house which sold for £290,000 on the 14th March 2024.
Read more about house prices in LN8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Derby Close, Market Rasen, LN8 has a total of 21 addresses. According to our analysis of all the public data, 5, Derby Close, Market Rasen is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £16k more expensive than the average property in LN8.
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
The closest station to 5, Derby Close, Market Rasen is Market Rasen station, which is 800 metres away.
- 800mMarket Rasen
- 21.1kmKirton Lindsey
- 21.6kmBrigg
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
