5, Spring Bank
5, Spring Bank
Description & Estimates
5, Spring Bank, Market Rasen is described in the public record as a mid-century house with 914 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Spring Bank, Market Rasen is £134,497 and its rental estimate is £751 per month, given the available information and assuming reasonable condition.
Spring Bank, Binbrook, Market Rasen, LN8 falls within the LN8 postal district, in the borough of East Lindsey.
Our Data Sources
5, Spring Bank, Market Rasen has no records in the the Land Registry and a single entry in the EPC database dated January 2013.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 5, Spring Bank, Market Rasen, we estimate a market value of £141,222 and a rental value of £789 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £125,082 and £699 per month respectively.
Recent Market Change
Over the last year, 5, Spring Bank, Market Rasen has seen its estimated sale value decrease by £2,303 (1.7%) and its estimated rental value grow by £33 per month (4.4%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
5, Spring Bank, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jan 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Spring Bank, Market Rasen have sold within a radius of 8.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th January 2025, was 5 Dovecote Mews, Kirmond Road, Market Rasen, LN8 6DS, a freehold house which sold for £130,000.
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 15 addresses on Spring Bank, Binbrook, Market Rasen, LN8, 5, Spring Bank, Market Rasen comes out as the 10th largest and the 11th most expensive in our analysis of the public data.
It is also £125k less expensive than the average property across the LN8 district.
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Schools Nearby
- 500mBinbrook CofE Primary School
- 6.2kmTealby School
- 6.5kmEast Ravendale CofE Primary School Academy
- 10.9kmDe Aston School
- 11.8kmCaistor Yarborough Academy
- 12.2kmCaistor Grammar School
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Public Transport Nearby
From 5, Spring Bank, Market Rasen, the nearest station is Market Rasen, 11.5 kilometres away.
- 11.5kmMarket Rasen
- 16.4kmGrimsby Town
- 16.9kmGreat Coates
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.
