12 Lancaster Drive

    12, LANCASTER DRIVE, MARKET RASEN, LN8 3GX

    This terraced freehold property on Lancaster Drive last sold in July 2024 for £137,500. Based on price growth in the LN8 district since then, its estimated current value is £142,641 — placing it in the 11th percentile nationally and the 17th percentile within LN8. The property covers 58 m² (624 sq ft), giving an estimated value of £2,459 per m². The EPC rating is C, with a potential rating of A.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    624 sq ft

    58 m²

    Last Sale Price

    £137,500

    Jul 2024

    Estimated Valuation

    £142,641

    Est. £/sq ft

    £228/sq ft

    £2,459/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialA
    Floor area624 sq ft (58 m²)
    EPC dateSept 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    26 Jul 2024

    £137,500

    16 May 2008

    New build

    £120,995

    Key Metrics

    Estimated valuation£142,641
    Value per sq ft / m²£228/sq ft (£2,459/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile17th percentile
    National percentile11th 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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