7, Meadow Drive
7, Meadow Drive
Description & Estimates
Public records show 7, Meadow Drive, Market Rasen to be a modern freehold house with 796 ft2 of internal area, sitting on a 348 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Meadow Drive, Market Rasen has an estimated sale value of £217,624 and an estimated rental value of £963 per month, assuming reasonable condition and based on the information available.
Meadow Drive, Binbrook, Market Rasen, LN8 lies in the borough of East Lindsey, within the LN8 postal district.
Our Data Sources
7, Meadow Drive, Market Rasen has 31 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated April 2018.
We combine this information with that 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
In very good condition, we estimate 7, Meadow Drive, Market Rasen would be worth £228,505, with a potential rental value of £1,011 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £202,390, with a rental value of £895 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 7, Meadow Drive, Market Rasen has declined by £3,726 (1.7%) over the last year. During the same period, its estimated monthly rental value has climbed by £42 (4.4%). The property's estimated gross yield is currently 5.3%.
Plot Size
7, Meadow Drive, Market Rasen occupies a 348 m2 plot as recorded by HM Land Registry.
Of the 23 other houses in this postcode, 22 have recorded plot sizes, and this one ranks as the 16th largest.
Energy Efficiency
7, Meadow Drive, Market Rasen has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Apr 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
7, Meadow Drive, Market Rasen last changed hands on 19th August 2022, selling for £238,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 2.1% since August 2022.
- Sold Aug 2022£238,000
- Sold Aug 2018£175,000
- Sold Sep 1997£59,495
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 7.9 kilometres of 7, Meadow Drive, Market Rasen across the last 2 years.
Most recently, 3, Chestnut Way, Market Rasen, LN8 6DD, a freehold house, sold at £230,000 on the 27th September 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 7, Meadow Drive, Market Rasen as the 17th largest and the 16th most expensive of the 23 addresses on Meadow Drive, Binbrook, Market Rasen, LN8.
Against the LN8 postcode district average, it is £42k less expensive than the typical property.
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
- 12.0kmWaltham Toll Bar Academy
More reading links
Public Transport Nearby
Market Rasen station is the nearest stop to 7, Meadow Drive, Market Rasen at 11.8 kilometres away.
- 11.8kmMarket Rasen
- 16.1kmGrimsby Town
- 16.5kmGreat Coates
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
