2 Cedar Close

    2, CEDAR CLOSE, MARKET RASEN, LN8 3BE

    This terraced leasehold property on Cedar Close last sold in June 2025 for £100,000. Based on price growth in the LN8 district since then, its estimated current value is £100,000 — placing it in the 4th percentile nationally and the 6th percentile within LN8. The property covers 54 m² (581 sq ft), giving an estimated value of £1,852 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £100,000

    Jun 2025

    Estimated Valuation

    £100,000

    Est. £/sq ft

    £172/sq ft

    £1,852/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area581 sq ft (54 m²)
    EPC dateJul 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Jun 2025

    £100,000

    15 Nov 2021

    £96,500

    9 Aug 2004

    £79,950

    13 Nov 1997

    £48,000

    Key Metrics

    Estimated valuation£100,000
    Value per sq ft / m²£172/sq ft (£1,852/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile6th percentile
    National percentile4th 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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