Somerton Mill Lane

    SOMERTON, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE

    This detached freehold property on Mill Lane last sold in August 2001 for £88,000. Based on price growth in the LN8 district since then, its estimated current value is £265,254 — placing it in the 41st percentile nationally and the 60th percentile within LN8. The property covers 85 m² (915 sq ft), giving an estimated value of £3,121 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    915 sq ft

    85 m²

    Last Sale Price

    £88,000

    Aug 2001

    Estimated Valuation

    £265,254

    Est. £/sq ft

    £290/sq ft

    £3,121/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area915 sq ft (85 m²)
    EPC dateNov 2024
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Aug 2001

    New build

    £88,000

    Key Metrics

    Estimated valuation£265,254
    Value per sq ft / m²£290/sq ft (£3,121/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile60th percentile
    National percentile41st 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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