Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, 8, Tower Drive, Woodhall Spa is a modern freehold house with 1,636 ft2 of internal area and sits on a 813 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Tower Drive, Woodhall Spa is £459,531 and the estimated rental value is £1,465 per month.
Tower Drive, Woodhall Spa, LN10 is located in the borough of East Lindsey within the LN10 postal district.
8, Tower Drive, Woodhall Spa has a single entry in the Land Registry from August 2021 and a single entry in the EPC database dated May 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 8, Tower Drive, Woodhall Spa is in very good condition we estimate a sale value of £482,507 and a rental value of £1,538 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £427,364 and a rental value of £1,362 per month.
Over the last 12 months the sale value of 8 Tower Drive Woodhall Spa has decreased by an estimated £19,948 (4.3%) and its rental value has increased by an estimated £29 per month (2.0%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, 8, Tower Drive, Woodhall Spa sits on a plot of 813m2.
We have plot size data on 8 out of 10 other houses in the postcode and 8, Tower Drive, Woodhall Spa sits on the 6th largest plot.
8, Tower Drive, Woodhall Spa has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 May 2021.
The property is connected to mains gas and has multiple glazing throughout. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 8, Tower Drive, Woodhall Spa was last sold on 10th August 2021 for £397,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since August 2021, the market for similar properties has dropped 15.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Tower Drive, Woodhall Spa within a radius of 2.8 kilometres over the last 2 years.
The most recent example is 59, Horncastle Road, Woodhall Spa, LN10 6UY, a freehold house which sold for £560,000 on the 4th November 2022.
Read more about house prices in LN10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Drive, Woodhall Spa, LN10 has a total of 10 addresses. According to our analysis of all the public data, 8, Tower Drive, Woodhall Spa is the largest and the most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in LN10.
The closest station to 8, Tower Drive, Woodhall Spa is Metheringham station which is 13.8 kilometres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Tower Drive, Woodhall Spa, 70.8% of property is privately owned outright and 22.1% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Tower Drive, Woodhall Spa, 10.1% of residents are recorded as possessing school level qualifications and 33.8% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Tower Drive, Woodhall Spa, the average age was 45.2 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Tower Drive, Woodhall Spa, 1.2% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Tower Drive, Woodhall Spa, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
