Somerton Lodge Walesby Road

    SOMERTON LODGE, WALESBY ROAD, MARKET RASEN, LN8 3EY

    This detached freehold property on Walesby Road last sold in November 2019 for £290,000. Based on price growth in the LN8 district since then, its estimated current value is £346,016 — placing it in the 58th percentile nationally and the 79th percentile within LN8. The property covers 114 m² (1,227 sq ft), giving an estimated value of £3,035 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,227 sq ft

    114 m²

    Last Sale Price

    £290,000

    Nov 2019

    Estimated Valuation

    £346,016

    Est. £/sq ft

    £282/sq ft

    £3,035/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,227 sq ft (114 m²)
    EPC dateOct 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Nov 2019

    £290,000

    27 Jul 2004

    £270,000

    15 Sept 1999

    £140,000

    Key Metrics

    Estimated valuation£346,016
    Value per sq ft / m²£282/sq ft (£3,035/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile79th percentile
    National percentile58th percentile

    District Context — LN8

    LN8 covers the coastal and rural areas around Alford and Spilsby in east Lincolnshire, situated inland from the North Sea coast. It is a predominantly rural postcode with a characterful, quieter appeal suited to those seeking a countryside setting away from urban centres.

    Average Property Price - LN8

    £264,976

    32

    National percentile

    Average Net Household Income - LN8

    £37,112

    45

    National percentile

    10-Year Annualised Price Growth - LN8

    4.0%

    68

    National percentile

    10-Year Annualised Rent Growth - LN

    4.2%

    64

    National percentile

    View full analysis for LN8

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