The Chestnuts Gallamore Lane

    THE CHESTNUTS, GALLAMORE LANE, MARKET RASEN, LN8 3HZ

    This detached freehold property on Gallamore Lane last sold in June 2022 for £550,000. Based on price growth in the LN8 district since then, its estimated current value is £521,633 — placing it in the 81st percentile nationally and the 94th percentile within LN8. The property covers 201 m² (2,164 sq ft), giving an estimated value of £2,595 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    2,164 sq ft

    201 m²

    Last Sale Price

    £550,000

    Jun 2022

    Estimated Valuation

    £521,633

    Est. £/sq ft

    £241/sq ft

    £2,595/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms9
    Main fueloil (not community)
    EPC currentC
    EPC potentialB
    Floor area2,164 sq ft (201 m²)
    EPC dateNov 2015
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, oil

    Transaction History

    24 Jun 2022

    £550,000

    11 Oct 2002

    £247,500

    Key Metrics

    Estimated valuation£521,633
    Value per sq ft / m²£241/sq ft (£2,595/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile94th percentile
    National percentile81st 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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