Budec, Market Rasen
Budec, Market Rasen
Description & Estimates
Public records show Budec, Market Rasen to be a modern freehold house with 2,421 ft2 of internal area, sitting on a 1,859 m2 plot.
In this area, houses of this size normally have 5 bedrooms with a garden.
Budec, Market Rasen has an estimated sale value of £481,933 and an estimated rental value of £1,698 per month, assuming reasonable condition and based on the information available.
Hatton, Market Rasen, LN8 lies in the borough of East Lindsey, within the LN8 postal district.
Our Data Sources
Budec, Market Rasen has a single entry in the Land Registry from February 2017 and a single entry in the EPC database dated November 2014.
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.
Price Range & Condition
In very good condition, we estimate Budec, Market Rasen would be worth £506,030, with a potential rental value of £1,783 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £448,198, with a rental value of £1,579 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 Budec, Market Rasen has declined by £17,002 (3.5%) over the last year. During the same period, its estimated monthly rental value has climbed by £38 (2.3%). The property's estimated gross yield is currently 4.2%.
Plot Size
Budec, Market Rasen occupies a 1,859 m2 plot as recorded by HM Land Registry.
Of the 28 other houses in this postcode, 10 have recorded plot sizes, and this one ranks as the 3rd largest.
Energy Efficiency
Budec, Market Rasen has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Nov 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, wood logs.
Sold Prices
Budec, Market Rasen last changed hands on 23rd February 2017, selling for £337,000. 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 risen by 34.7% since February 2017.
- Sold Feb 2017£337,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 6.8 kilometres of Budec, Market Rasen across the last 2 years.
Most recently, The Old Chapel, Chapel Lane, Horncastle, LN9 5RX, a freehold house, sold at £498,000 on the 17th October 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
Our analysis of the public data ranks Budec, Market Rasen as the largest and the 2nd most expensive of the 38 addresses on Hatton, Market Rasen, LN8.
Against the LN8 postcode district average, it is £223k more expensive than the typical property.
More reading links
Schools Nearby
- 4.4kmWragby Primary School
- 8.1kmBucknall Primary School
- 8.3kmThe Donington-on-Bain School
- 10.5kmQueen Elizabeth's Grammar School, Horncastle
- 11.7kmThe Banovallum School
- 13.4kmDe Aston School
More reading links
Public Transport Nearby
Market Rasen station is the nearest stop to Budec, Market Rasen at 13.8 kilometres away.
- 13.8kmMarket Rasen
- 18.4kmMetheringham
- 21.0kmLincoln
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
